
	Three months ended		Six months ended
(Thousands of Dollars and Shares, Except Per Share Data)	March 29, 2026	March 30, 2025	March 29, 2026	March 30, 2025

Loss attributable to Lee Enterprises, Incorporated:	(2,148)	(12,511)	(7,759)	(29,259)
Weighted average common shares	13,898	6,217	10,036	6,207
Less weighted average restricted common shares	(137)	(185)	(138)	(198)
Basic average common shares	13,761	6,032	9,898	6,009
Dilutive restricted common shares	—	—	—	—
Diluted average common shares	13,761	6,032	9,898	6,009
Loss per common share:
Basic	(0.16)	(2.07)	(0.78)	(4.87)
Diluted	(0.16)	(2.07)	(0.78)	(4.87)

For the three and six months ended March 29, 2026 and March 30, 2025, no shares were considered in the computation of diluted earnings per common share because we recorded net losses. The increase in weighted common shares is due to shares issued for the Private Placement on February 5, 2026 described in Note 2.

On March 28, 2024, our Board of Directors adopted a stockholder rights plan (the “Rights Agreement”). Pursuant to the Rights Agreement, on March 28, 2024, our Board of Directors declared a dividend of one preferred share purchase right (a “Right”), payable on April 8, 2024, for each share of our Common Stock outstanding to the stockholders of record on that date. Each Right entitled the registered holder to purchase from the Company one one-thousandth of a share of Series C Participating Convertible Preferred Stock, without par value (the “Preferred Shares”), of the Company at a price of $90.00 per one one-thousandth of a Preferred Share represented by a Right, subject to adjustment. On February 4, 2026, in connection with the closing of the Private Placement, the Board of Directors amended the termination date of the Rights Agreement to February 4, 2026 causing each Right to expire and to be extinguished and for the Rights Agreement to be terminated. See Note 2 for additional information related to the Private Placement.