Lee Enterprises

Lee Enterprises looks to widen use of cash beyond debt reduction; may include print, digital acquisitions

After reporting an upswing in third quarter earnings Thursday (8/3), Lee Enterprises, Inc. executives told analysts the company will look to widen the use of cash flow beyond debt reduction and may seek additional print or digital acquisitions.

The Davenport-based media company acquired its Quad Cities newspaper competitor, The Dispatch-Argus, in June for $7 million. The Dispatch-Argus primarily served the Illinois Quad Cities (East Moline, Moline and Rock Island), while the Quad City Times serves mainly readers in the Iowa Quad Cities (Bettendorf and Davenport).

"We expect the acquisition to be accretive to earnings and free cash flow in our September (4th) quarter," President and Chief Executive Officer Kevin Mowbray said. "The transition is off to a good start and we are pleased with the contributions we are already seeing from the Dispatch-Argus."

Ex-Davenport city administrator files libel lawsuit against Quad City Times and two reporters

In a libel lawsuit filed last week, ex-Davenport City Administrator Craig Malin claims the Quad City Times published false and misleading statements to "run him out of town" because of "his leadership in expanding access to public information, which the Quad City Times openly opposed."

The lawsuit filed June 15 in Scott County District Court names Lee Enterprises, owner of the Quad City Times, in addition to the newspaper and reporters Barb Ickes and Brian Wellner.

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

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 second quarter earnings flat after adjusting for one-time insurance boost a year ago

Lee Enterprises – owner of the Quad City Times – reported second quarter earnings Thursday (5/4) of $6.4 million, down 67 percent from the same period a year ago when a one-time insurance settlement added more than $13 million to the company's bottomline.

Net income for the three months ended March 26 was 11 cents per share compared with 36 cents per share for the same period a year ago.

Investment firm specializing in 'out of favor companies' takes 7 percent stake in Lee Enterprises

A Stamford, CT investment firm that specializes in "stressed, distressed and out of favor companies" has acquired a 6.9 percent stake in Lee Enterprises, the Davenport-based media company which owns the Quad City Times.

Archview Investment Group L.P. reported today (2/14) that it had acquired 3.8 million shares of Lee stock as of Dec. 31, 2016. U.S. Securities and Exchange Commission (SEC) rules require disclosure when an individual or company acquires 5 percent or more ownership in a publicly traded firm.

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.

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