3 unchanged sentences
While we are unable to predict the ultimate outcome of these legal actions, it is our opinion that the disposition of these matters will not have a material adverse effect on our Consolidated Financial Statements, taken as a whole.
−Removed: Video Privacy Protection Act Litigation and Settlement.
−Removed: The Company was named as a defendant by a group of Plaintiffs acting on behalf of a proposed class of digital subscribers in a lawsuit in 2022.
−Removed: The lawsuit alleged that the Company violated the Video Privacy Protection Act (“VPPA”) by using pixels to track subscribers’ video viewing activity on Company websites and sharing it with Meta without consent.
−Removed: The Company has agreed to a preliminary settlement with the Plaintiffs for $ 9.5 million, subject to required court approval.
−Removed: The entire settlement amount will be paid by the Company’s insurance carriers.
−Removed: The settlement liability and insurance receivable are recorded within “Compensation and other accrued liabilities” and “Prepaids and other” on the Consolidated Balance Sheets as of June 29, 2025 and September 29, 2024, respectively.
−Removed: Cybersecurity Incident Litigation.
−Removed: As previously disclosed, the Company experienced a cybersecurity incident during the second quarter of 2025, which involved unauthorized access to certain systems and data.
−Removed: Following public disclosure of the incident, the Company was named as a defendant in several putative class action lawsuits filed in or around June 2025, in the United States District Court for the Southern District of Iowa on behalf of all individuals affected by the cybersecurity incident, including those who received notice of the incident.
−Removed: These lawsuits generally allege, among other things, that the Company failed to adequately protect personal or sensitive information and seek unspecified damages and other relief.
−Removed: The Company is vigorously defending against these claims.
−Removed: Given the early stage of these proceedings, the outcome of these matters is uncertain, and the Company is unable to estimate a possible loss or range of loss at this time.
−Removed: The Company maintains cyber liability and other applicable insurance coverage and believes that any potential losses associated with these claims, if adverse outcomes were to occur, would be covered, subject to applicable deductibles and policy limits.
+Added: Stoudemire et al.
+Added: Lee Enterprises, Incorporated (Video Privacy Claim) .
+Added: On December 19, 2022, named Plaintiffs filed a Complaint in the U.S.
+Added: District Court for the Southern District of Iowa alleging our news websites violate the Video Privacy Protection Act by disclosing to third parties certain data about users’ video-watching habits.
+Added: In particular, the Complaint alleged the websites use Facebook Pixel, a technology that allegedly links a user’s Facebook profile to videos the user watches on our website.
+Added: The claimants are asserting class action claims and allege statutory damages of $2,500 per class member, punitive damages, and attorneys’ fees.
+Added: In July 2023, the Court denied our Motion to Dismiss.
+Added: This claim has been submitted for coverage under the our media insurance policy.
+Added: The parties successfully mediated the case on November 5, 2024, and the court granted final approval of the class action settlement on August 14, 2025.
+Added: The entire $9.5 million settlement amount was paid by our insurance carriers in October 2025.
+Added: Lee Enterprises.
+Added: Incorporated (Cyber Incident) .
+Added: On June 12, 2025, Sarah Fetes filed a Complaint in the U.S.
+Added: District Court for the Southern District of Iowa alleging claims arising out of a February 2025 cybersecurity incident, during which a third-party threat actor potentially accessed personal information of past and present Company employees existing on Company systems.
+Added: Fetes and five additional named Plaintiffs filed a Consolidated Complaint on August 11, 2025.
+Added: Plaintiffs allege that we failed to properly secure and safeguard personally identifiable information collected as part of our regular business practices.
+Added: Plaintiffs sought damages for invasion of privacy and misuse of the compromised data, on behalf of themselves and a class consisting of approximately 39,700 individuals who received data breach notifications.
+Added: This claim was submitted for coverage under our media insurance policy.
+Added: The parties have reached a tentative settlement, all of which will be paid by our insurance carriers, in an amount that will be publicly disclosed through the court process.
+Added: The settlement is subject to required court approval and open to objection by class members.
+Added: We anticipate final approval of the settlement by August 2026.
+Added: The probable settlement liability and insurance receivable are recorded within “Compensation and other accrued liabilities” and “Prepaids and other” on the Consolidated Balance Sheets as of December 28, 2025.
+Added: Lineup Systems Corporation v.
+Added: Lee Enterprises, Incorporated .
+Added: In July 2025, Lineup filed suit against us for breach of contract, breach of the covenant of good faith and fair dealing, and quantum meruit arising from the contract between Lee and Lineup for the purchase and installation of software.
+Added: The suit claims $7.0 million in damages for failure to pay owed amounts, attorneys fees and interest.
+Added: We filed a counter claim alleging breach of contract and fraudulent inducement.
+Added: Trial has been set for October 18, 2027.
+Added: Lineup filed a Motion for
+Added: Judgment on the Pleadings for various counts and oral arguments were heard by the Court on the Motion for Judgment on the Pleadings on January 16, 2026.
+Added: The Court is expected to rule in the next 90 days.
+Added: Discovery is ongoing in this case and the outcome is uncertain at this time.
Item 1A Risk Factors
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.