The Herald & Review was named one of Editor & Publisher's "10 Newspapers That Do It Right" in 2019 for its use of government documents and public records to create substantive journalism.

[4] It also received top honors in the investigative reporting and public service categories in the Illinois Associated Press Media Editors 2017 newspaper contest.

[8] The Lindsay-Schaub combine acquired other newspapers, including The Southern Illinoisan, the Champaign-Urbana Courier, the Edwardsville Intelligencer, the Metro-East Journal and the Midland Daily News, as well as Decatur radio station WSOY.

In April 2012, Warren Buffett took a stake in Lee Enterprises (through Berkshire Hathaway Inc.), buying $85 million of the company's debt from Goldman Sachs Group.

[15] This document disclosed that Berkshire accumulated $2,119,000 or 1,655,125 common shares of Lee Enterprises, or a 3.2 percent stake.

[17] In April 2013, Lee Enterprises announced that Berkshire Hathaway refinanced the remaining Pulitzer acquisition debt equating to $94 million.

Lee retired its 1st Lien Term Loan in November 2018, four months before its scheduled March 2019 maturity.