online advertising

Lee first quarter earnings fall 32 percent; revenues off 1 percent

January 18, 2011 by editor

First quarter earnings at Lee Enterprises, parent of the Quad City Times, were 42 cents per share, a 32 percent decline from 62 cents per share reported for the same quarter a year ago.

The company trumpeted its double-digit growth in online ad revenue in its quarterly earnings release, but the media conglomerate's overall advertising revenue fell nearly 2 percent compared to the first quarter a year ago.

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