Lee Enterprises

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.

Lee pays off Berkshire Hathaway debt early; lays off eight St. Louis Post-Dispatch news employees

In an interesting coincidence involving Lee Enterprises' largest newspaper, the St. Louis Post-Dispatch, the Davenport-based media firm announced it had paid off debt related to acquisition of that paper in 2005, while confirming today (6/26) it was laying off eight St. Louis newsroom employees.

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.

Lee Enterprises cuts retiree health benefits amid continuing revenue decline

December 17, 2009 by editor

While touting a slowing in the decline of its operating revenue, Lee Enterprises (owner of the Quad City Times) announced this week it was cutting health care benefits for many of its retirees.

The changes to its health coverage/benefits is expected to reduce the corporation's liability by up to $30 million, according to the company's annual report filed with the U.S. Security and Exchange Commission (SEC). The move triggered protests by union members outside the offices of Lee's St. Louis Post-Dispatch.

In its filing with the SEC, Lee said it was eliminating the medical coverage for some retirees and increasing the share other retired employees would be responsible for paying for health coverage.

Pages

Subscribe to Lee Enterprises
Go to top