Show notes
Kuppy comes on the show to discuss his recent activism at LEE and why he thinks the stock is dramatically undervalued.My notes on LEE: https://twitter.com/AndrewRangeley/st...Kuppy's LEE thesis: https://adventuresincapitalism.com/20...KEDM: https://www.kedm.com/what-is-kedm/Chapters0:00 Intro2:00 LEE Overview7:55 Why does Kuppy think Alden's LEE offer is so undervalued?12:35 Why does small town, local news offer a moat?17:30 Is LEE's digital growth real or is it just small base effect?20:20 Can the LEE team execute the growth / digital opportunity?30:15 Why did Berkshire sell their newspaper to LEE if the growth is so attractive?35:40 Is TownNews a hidden gem?40:00 What other levers can LEE pull to juice growth?42:15 Online gambling upside for newspapers44:30 Valuing LEE"s digital side51:20 Why are papers like Tribune selling if the outlook for digital is so good?53:35 Closing thoughts