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    Lee Enterprises and Perplexity Partner to Revolutionize Local News with AI Innovation

    12/6/24 9:30:00 AM ET
    $LEE
    Newspapers/Magazines
    Consumer Discretionary
    Get the next $LEE alert in real time by email

    DAVENPORT, Iowa, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Lee Enterprises, Inc. (NASDAQ:LEE), a leading provider of trusted local journalism across the United States, has announced a partnership with Perplexity, the AI search engine, through the company's Publishers' Program. This collaboration underscores Lee's commitment to advancing local journalism by integrating innovative AI solutions that enhance content delivery, deepen audience engagement, and create new revenue opportunities.

    By leveraging Perplexity's advanced AI capabilities, Lee aims to redefine how communities interact with local news and advertising, offering personalized content experiences and opening new avenues for local businesses to connect with their audiences.

    Unlocking the Potential of AI for Local Journalism

    The partnership between Lee Enterprises and Perplexity focuses on two key initiatives:

    • Advertising Innovation: Utilizing AI technology to empower local businesses with data-driven advertising solutions, optimizing their reach, and ensuring campaigns resonate with community needs.
    • Future-Ready Strategies: Collaborating on scalable innovations to strengthen local journalism, explore new content monetization opportunities, and support advertisers in an evolving digital landscape.

    Innovation with Integrity

    "AI is reshaping the business models of industries around the world, and journalism is no exception," said Kevin Mowbray, Chief Executive Officer at Lee Enterprises. "This partnership with Perplexity is a bold step forward in embracing change. By integrating AI into our operations, we're excited to transform how we deliver news, support our advertisers, and engage with readers in ways that were never possible before. This is about creating a future where trusted local journalism thrives in the digital age."

    Dmitry Shevelenko, Chief Business Officer at Perplexity, added, "We started our publisher program to develop strategic partnerships with news organizations whose content informs the questions people ask. We're glad to welcome Lee Enterprises, whose media organizations span more than 70 US markets, as one of our newest members. We look forward to working with them to leverage our technology to power new reader-first experiences and to ensure a healthy and active information ecosystem."

    The Scale of Opportunity

    The global AI market is projected to reach $500 billion by 2025, transforming industries worldwide, including media. Perplexity's conversational AI search engine processes over 400 million queries per month, highlighting the vast potential to amplify the reach of Lee's trusted journalism. This partnership positions Lee at the forefront of the AI-driven transformation in media, unlocking opportunities to expand its audience and diversify revenue streams.

    About Lee Enterprises

    Lee Enterprises, Inc. is a trusted local news provider serving 73 markets in 26 states. With a dedication to quality journalism and digital innovation, Lee delivers valuable content and advertising solutions to its communities and partners. For more information, visit www.lee.net.

    About Perplexity

    Perplexity is the conversational 'answer engine' that draws from credible sources in real time to answer users' questions with in-line citations. Founded in 2022 by former members of OpenAI, Meta, Quora, Bing, and Databricks, the company's mission is to serve the world's curiosity by bridging the gap between traditional search engines and AI-driven interfaces. Each week, Perplexity answers more than 100 million questions around the world. Perplexity is available online at www.perplexity.com and on iOS, Mac, and Android.

    Contact:

    [email protected]

    (563) 383-2100



    Primary Logo

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    Save time and jump to the most important pieces.

    Q&A

    New
    • What is the nature of the partnership between Lee Enterprises and Perplexity?

      Lee Enterprises has partnered with Perplexity to enhance local journalism by integrating AI solutions that improve content delivery and audience engagement.

    • What are the key initiatives of the partnership between Lee Enterprises and Perplexity?

      The partnership focuses on advertising innovation through data-driven solutions and future-ready strategies aimed at strengthening local journalism and supporting advertisers.

    • What is the CEO of Lee Enterprises' perspective on the impact of AI on journalism?

      Kevin Mowbray, CEO of Lee Enterprises, believes that AI is reshaping journalism and this partnership is a significant step towards transforming news delivery and reader engagement.

    • What is the projected growth of the AI market and its relevance to media as stated in the announcement?

      The global AI market is projected to reach $500 billion by 2025, indicating a significant opportunity for media transformation, which this partnership aims to capitalize on.

    • What capabilities does Perplexity offer as an AI search engine?

      Perplexity is a conversational AI search engine that answers over 100 million questions weekly, and aims to bridge the gap between traditional search and AI-driven interfaces.

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