David Hoffmann

Lee Enterprises, Inc. began its new fiscal year with more red ink, losing $5.7 million in the first quarter ended December 28.

Thanks to significant personnel cuts last September the deficit was much less than the first quarter of 2025 when it lost $16.9 million. The company cut 49 full- and part-time positions when it ended print operations at its Davenport facility last September.

Lee – owner of the Quad City Times, the Dispatch/Argus and some 70 other newspapers and online news sites – saw operating revenue decline by more than $14 million in the first quarter of 2026 compared with the same period a year ago.