What strategies could improve LEE's future EPS?

**Lee Enterprises faces significant challenges in improving its future EPS**, and a focus on digital transformation is crucial. Here are strategies that could potentially enhance LEE's EPS:

1. **Accelerate Digital Transformation**: Lee Enterprises has been transforming from a print-centric to a digital-centric company, with digital revenue surpassing print for the first time. Increasing investment in AI-driven technologies to boost digital content engagement, advertising revenue, and future digital revenue growth could significantly enhance EPS.
2. **Enhance Operational Efficiency**: Reducing operating expenses, particularly in areas where costs have not decreased in line with revenue, could improve profitability and thus EPS. For instance, a 1% decrease in cash costs was noted in the latest report period.
3. **Focus on Subscription-Based Models**: The growth in digital-only subscription revenue indicates a promising direction. A continued focus on growing subscription bases, especially in high-margin digital services, could lead to improved profitability and EPS.
4. **Invest in Strategic Acquisitions**: Selective acquisitions of digital media companies or technologies could expand revenue streams and potentially increase EPS through synergies and cost savings.
5. **Optimize Asset Sales**: Asset sales, such as the projected asset sales expected to close by the fiscal year-end, can provide a one-time boost to EPS if executed effectively.
6. **Shareholder Value and Insider Confidence**: Recent insider purchases, like Steven C. Fletcher's purchase of 1,000 shares, signal confidence in the company's potential. Insider support can positively influence investor sentiment and potentially lead to improved EPS through enhanced operational focus.

Implementing these strategies requires a continued commitment to digital transformation, operational efficiency, and strategic investments. The success of these initiatives will be critical in determining LEE's future EPS.