Lee Enterprises

Lee Enterprises, Inc. earns $12.4 million in first quarter despite 7% drop in operating revenue; promises focus on more cost reductions in 2017

Lee Enterprises, Inc. earned $12.4 million in the first quarter ended Dec. 25 despite a 7.2 percent drop in operating revenues for the three-month period compared with a year ago.

The Davenport-based company Thursday (2/2) reported earnings of 22 cents per share, compared with 21 cents per share in the first quarter of 2015.

QC Times Sunday edition falls below average weekday circulation for first time; half 2001 level

Subscribers to the Quad City Times Sunday newspaper have fallen to 37,473, half the paper's circulation just 15 years ago.

And, for the first time, according to the Lee Enterprises, Inc. annual report to shareholders, Sunday circulation fell below that of the average circulation for its weekday editions.

Historically, Sunday papers typically have had much larger circulation than weekday editions. More advertising, ad circulars and more space for news have attracted readers to purchase single copies or opt for a Sunday- or weekend-only subscription.

Lee Enterprises sells Provo newspaper to West Virginia newspaper group, Ogden Newspapers, Inc.

Davenport-based Lee Enterprises announced the sale this morning (8/22) of its Provo, Utah daily newspaper and online news site to Ogden Newspapers, Inc., a privately owned West Virginia company which owns more than 40 daily newspapers, has majority ownership in the Pittsburg Pirates baseball team, and publishes Mother Earth News and Unte Reader magazines.

Lee Enterprises reports higher third quarter earnings despite a 5 percent drop-off in overall revenues

Third quarter earnings at Lee Enterprises, Inc. have increased compared with the same period a year ago despite a nearly 5 percent drop in net revenues at the Davenport-based media company.

The company Thursday (8/4) reported earnings of $4.4 million, 8 cents per share, for the three-months ended June 26, compared with $2.14 million, 3 cents per share, for the same quarter in 2015.

Second quarter Lee Enterprise earnings increase thanks to one-time $30-milion insurance settlement

Lee Enterprises, Inc. – owner of the Quad City Times and 46 other daily newspapers – reported Thursday (5/5) morning second quarter earnings of $19.5 million, or 36 cents per share, thanks largely to a one-time insurance gain of $30.6 million.

Without the insurance proceeds, the company would have reported a 1 cent per share loss for the 3-month period ended March 27, compared with a 3 cents per share gain for the same quarter a year ago.

Lee Enterprise stock falls to new 52-week low after reporting 5 percent drop in first quarter revenues

Lee Enterprises, Inc. stock today (2/4) fell to a new 52-week low – $1.15 per share – after reporting first quarter operating revenues declined 5 percent compared with a year ago.

The company's first quarter includes the Thanksgiving and Christmas holiday season, typically the best advertising period for newspapers, and the results apparently disappointed investors. Shares of the Davenport-based media firm, owner of the Quad City Times, dropped more than 10 cents per share in heavy trading after the company announced its earnings.

Lee reports higher 4th quarter earnings; lower expenses offset 4.3% drop in operating revenue

Lee Enterprises reported higher fourth quarter earnings today (12/10) compared with a year ago thanks primarily to lower operating expenses that offset a 4.3 percent decline in revenue for the three-month period.

For the fourth quarter ended Sept. 27, Lee reported earnings of 18 cents ($10.13 million) compared with 6 cents per share ($3.38 million) for the same quarter last year. For the fiscal year, earnings totaled 44 cents per share ($24.3 million) compared with 13 cents per share ($7.67 million) a year ago.

Lee touts cost reductions at lender confo; decline reflects 44% reduction in employment since 2007

Lee Enterprises executives touted their 39 percent reduction in costs since 2007 at an Arizona lenders' conference last month, a decline which tracks the steady decline in employment at the Davenport-based firm from more than 8,100 to just over 4,500 full-time employees.

The presentation at Deutsche Bank's Leveraged Finance Conference September 29 may have helped contribute to recent gains in the price of its stock, which has climbed nearly a dollar per share since hitting a 52-week low of $1.36 per share Sept. 10.

Lee sells California newspaper properties for $5 million; stock continues slides to 52-week low

Davenport-based Lee Enterprises last week announced the sale of its Napa, California newspaper building and property for $5 million, but the strategy to sell assets to pay down debt hasn't stopped the steady decline in the company's stock price.

Lee stock price fell to a new 52-week low Thursday (9/10), closing at $1.47 per share. The company's stock reached $5.42 per share on March 6, 2014, and has since been losing ground. In early August, the stock was just above $3 per share, but has lost half its value in just the past month.

Lee stock drops after reporting 3rd quarter revenue decline; soft energy sector in ND hurt classified ads

Stock of Lee Enterprises – owner of 45 daily newspapers including the Quad City Times – fell nearly 20 percent after the company reported Thursday (8/6) that its third quarter operating income declined more than 13 percent compared to the same period a year ago.

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