Lee Enterprises, Inc. – calling itself a high quality and trusted source of news – issued a news release last week about its second quarter earnings without stating it lost $2.06 per share ($12.2 million) for the three-month period ended March 24.
The owner of the QC Times and Daily Dispatch/Argus and 70 other newspapers and online news site detailed its digital revenues, digital subscriptions, digital subscribers and digital advertising and marketing service in the news release.
But the company omitted stating it lost money during the second quarter, more than double its $1.01 loss ($5.9 million) loss a year ago. (The actual earnings numbers for the period are contained in the financial statement of operations – required by the Security and Exchange Commission – and attached to the news release narrative.)
