Quad City Times

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 Enterprises earns $1.8 million in 2nd quarter; subscription revenue up and newsprint expenses fall

Davenport-based Lee Enterprises, Inc. posted net income of $1.8 million – 3 cents per share – for its second quarter ended March 29, thanks in part to higher subscription revenues and lower newsprint and interest expenses.

QC Times circulation for 2014 shows continued decline; new branded edition now being distributed

Quad City Times Sunday and weekday circulation continued its downward trend in 2014, according to figures in the Lee Enterprise annual report sent shareholders earlier this year.

Lee Enterprises reports $10 million profit in 1st quarter; off 17 percent from same period last year

Lee Enterprises, Inc. – owner of the Quad City Times – reported first quarter earnings Thursday (2/5) of $10 million, down more than 17 percent for the same three months a year ago.

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