AGREEMENT WITH HOFFMAN MEDIA GROUP |
9 Months Ended |
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Jun. 28, 2026 | |
| Related Party Transactions [Abstract] | |
| AGREEMENT WITH HOFFMAN MEDIA GROUP | AGREEMENT WITH HOFFMANN MEDIA GROUP ("HMG") On May 14, 2026, we entered into a five-year management agreement with HMG, effective June 1, 2026, under which we manage certain HMG-owned newspaper publications and related digital properties. HMG is owned by David H. Hoffmann, our Chairman and majority shareholder ("Mr. Hoffmann"). Under the agreement, we receive a fixed management fee of $135,000 per fiscal quarter, a variable fee based on the EBITDA of certain acquired publications, and reimbursement of shared service costs at cost. HMG retains ownership of the publications and all related revenues and remains responsible for working capital and operating obligations. The agreement was approved by our Board of Directors in accordance with our related-party transaction policies. Mr. Hoffmann recused himself from the Board's review and approval of the agreement.
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