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.
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.
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