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Lee Enterprises touts management strategy; reports $5.3 million profit in fourth quarter ended Sept. 26

on Fri, 12/10/2021 - 23:13   by news

Lee Enterprises, Inc. – owner of the Quad City Times, Dispatch/Argus and news operations in 76 other markets – earned $5.3 million during the fourth quarter ended Sept. 26.

The positive earnings announcement Thursday (12/9) came a day after the Davenport-based company's board of directors unanimously rejected the $24-per-share buyout offer made by Alden Global Capital last month.

While the Lee earnings news release held up fourth quarter operating revenues ($194 million) and fiscal year operating revenues ($794.6 million) as signs the company's strategic plan was working, on a pro forma basis, full year operating revenues were down 3 percent compared to 2020.

Lee reports lower revenues, earnings in 2nd quarter

on Thu, 05/03/2018 - 21:11   by news

Lee Enterprises – owner of the Quad City Times and Dispatch-Argus newspapers – today (5/3) reported lower revenues and earnings for the second quarter despite "strong performance in digital retail."

Second quarter earnings were $2.5 million, 4 cents per share, for the quarter ended March 25, compared with $6.4 million, 11 cents per share, for the same period a year ago, according to the company news release.

10 years of swimming against the digital currents leaves Lee Enterprises, Inc. at half its former self

on Tue, 12/12/2017 - 03:10   by news

Back in 2007, Lee Enterprises, Inc. – owner of the Quad City Times and now the Dispatch/Argus – reported daily circulation of just over 1.6 million at its 51 newspapers. Today, that number is down to 788,000 at 47 newspapers, according to the company's latest annual report filed Friday (12/8).

Lee Enterprises, Inc. to acquire Dispatch-Argus newspaper in $7.15 million transaction

on Mon, 06/19/2017 - 23:39   by Editor

More than 150 years of newspaper competition in the Quad Cities will draw to an end later this month with purchase of the Dispatch-Argus and its digital portal QCOnline.com by Lee Enterprises, Inc., owner of the Quad City Times.

The $7.15 million acquisition (including an adjustment for working capital) was announced today (6/19) and is expected to close by the end of the month.

CLICK HERE for observations on the newspaper sale by John Beydler, who recently retired from the Dispatch-Argus after a career of more than 40 years.

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

on Fri, 02/03/2017 - 22:25   by Editor

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.

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

on Fri, 08/05/2016 - 01:36   by Editor

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.

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

on Fri, 10/09/2015 - 02:08   by Editor

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.

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