Lee Enterprises Inc., based in Davenport, Iowa, reported Monday that it lost $7.7 million, or 15 cents per share, in its fiscal fourth quarter, compared with a net loss of $8.8 million, or 20 cents per share, a year ago.
Excluding one-time items, the company lost $334,000, or 1 cent per share, in the July through September period. That compared with income of $8.9 million, or 20 cents per share, a year ago. This year's results were hurt by higher interest costs.
Revenue grew 3 percent to $180.3 million from $175.8 million. Advertising revenue grew nearly 1 percent to $124.7 million from $123.7 million. Circulation revenue increased 3 percent to $45.2 million from $43.7 million. Lee said an extra week in this year's quarter helped its results. Excluding the additional week, revenue would have declined by about 4.5 percent, the company said.
Lee owns half of Madison-based Capital Newspapers, publisher of the Wisconsin State Journal and The Capital Times.