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Late fiscal 2022 financial report from Lee Enterprises shows net income down 35 cents per share

on Wed, 03/01/2023 - 03:19   by news

Lee Enterprises, Inc. finally filed its full fiscal 2022 financial report Tuesday (Feb. 27) with the U.S. Security and Exchange Commission (SEC), two months later than normal.

The annual 10-K report showed the company lost 35 cents per share for the 12 months ended Sept. 25, or 14 cents more than preliminary numbers released Dec. 8 as part of its fourth quarter financial results.

Lee is publisher of the Quad City Times and Daily Dispatch/Argus and some 75 other newspapers and online news sites including the St. Louis Post-Dispatch, the Buffalo News and the Omaha World-Herald.

Succession plan for Bettendorf city administrator position doesn't include timeline for transition

on Sat, 02/04/2023 - 01:36   by news

The Bettendorf City Council last month approved a succession plan for its city administrator without knowing when the transition would occur.

The week before Christmas, Bettendorf City Council members gathered in groups of three to avoid having to make public their meeting with City Administrator Decker Ploehn and Human Resource Director Kathleen Richlen. The purpose was to discuss a succession plan developed by Ploehn.

Ploehn, 70, had told the council over several years that he planned to retire once the new Interstate 74 Bridge was complete. The bridge opened last fall after a 10-year effort of planning, funding and construction.

But prior to completion of the bridge, Ploehn changed his mind. He now says his retirement might be "in six months or in two years."

Gov. Kim Reynolds’ address highlights private school scholarships, agency restructuring

on Wed, 01/11/2023 - 19:29   by news

by Robin Opsahl, Iowa Capital Dispatch
January 10, 2023

Gov. Kim Reynolds unveiled her latest private school scholarship proposal and plans for a huge restructuring of the state government Tuesday in her 2023 Condition of the State address.

Reynolds delivered her sixth address as governor to the most Republican-dominated Legislature of her time in office and one in which more than a third of the members are beginning their first terms.

“Through natural disasters, a pandemic, a nationwide recession and more, Iowa’s status as a beacon for freedom and opportunity has endured,” she said. “We’ve been recognized as the most fiscally responsible state in the country, we’re ranked in the top ten states to live in America, and we continue to be ranked the #1 state for opportunity.”

Reynolds was reelected to her second full term as Iowa governor in the 2022 election, defeating Democratic challenger Deidre DeJear.

Republicans also strengthened their trifecta control at the Iowa Statehouse, and party leaders in both chambers said they were ready to implement the governor’s agenda quickly. Senate Majority Leader Jack Whitver said the Senate is ready to hold a subcommittee meeting on Reynolds’ education bill yet this week or early next week.

“We are ready to get to work and hopefully make this agenda into law,” Whitver said.

Class action lawsuit accuses Davenport-based Lee Enterprises, Inc. of online privacy violations

on Sun, 12/25/2022 - 01:25   by Clark Kauffman

Iowa Capital Dispatch

The Iowa-based newspaper chain Lee Enterprises is facing a potential class-action lawsuit alleging it has shared readers’ personal information with Facebook in violation of federal law.

Lee publishes newspapers and other media content in 77 markets across 26 states. The company’s 10 Iowa papers include the Quad-City Times in Davenport, the Sioux City Journal, the Mason City Globe-Gazette the Waterloo-Cedar Falls Courier and the Muscatine Journal.

The lawsuit, filed this week in U.S. District Court, alleges that Lee’s news-media websites offer users the option of subscribing to newsletters or to newspapers that provide consumers with access to articles and video content in exchange for their personal information, including names and mailing addresses.

Large write-down of assets leaves Lee with a $6.34 million loss for fourth quarter ended September 25

on Mon, 12/12/2022 - 04:02   by news

Lee Enterprises – owner of the Quad City Times, Daily Dispatch/Argus and more than 70 other newspapers and online news sites – reported a $6.34 million loss for the fourth quarter ended September 25. However, the quarterly financial results were skewed into negative territory primarily by a $21 million (non-cash) write-down of company assets.

Without the write-down, Lee likely would have had positive earnings for the quarter, as opposed to the $1.09 per share loss it reported Thursday (December 8).

Iowa to dramatically cut back on restaurant inspections; plan is for once every five years

on Thu, 10/13/2022 - 18:57   by Clark Kauffman

Iowa Capital Dispatch
October 12, 2022

The state of Iowa is planning to dramatically scale back the routine inspection of restaurants and other food-service establishments by making only one onsite inspection every five years.

Currently, most Iowa restaurants are subjected to at least one routine inspection every three years. They are also inspected in response to complaints or changes in ownership.

Complaint-driven and ownership-related inspections will continue. But in the absence of those issues, the Iowa Department of Inspections and Appeals intends to visit each Iowa restaurant no more than once every five years under a set of new rules that are expected to take effect next month.

Iowa regulatory agency ignores law requiring the routine inspection of Iowa hotels

on Wed, 10/12/2022 - 02:28   by Clark Kauffman

Iowa Capital Dispatch
October 10, 2022

For the past eight years, a state regulatory agency has violated a law requiring the routine inspection of Iowa’s hotels and motels.

The Iowa Department of Inspections and Appeals is required to inspect all hotels within its jurisdiction at least once every two years. Inspections are the sole process by which Iowa enforces regulations intended to protect hotel guests’ health, safety and rights as consumers.

In May, the Iowa Capital Dispatch asked the department why few hotel inspection reports were being posted to the agency’s website given the legal requirement for routine, biennial inspections at all hotels.

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