Lee Enterprises posts loss for quarter

2012-11-12T19:55:00Z 2012-11-13T06:01:03Z Lee Enterprises posts loss for quarterThe Associated Press The Associated Press
November 12, 2012 7:55 pm  • 

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.

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

(6) Comments

  1. pony
    Report Abuse
    pony - November 13, 2012 7:52 am
    thats the point
    dont confuse revenue and income---thats a lib problem
  2. pony
    Report Abuse
    pony - November 13, 2012 7:40 am
    try again
  3. Laudmauth
    Report Abuse
    Laudmauth - November 13, 2012 6:47 am
    @Pony..".the Libs need a little accounting lesson", Pony needs a little reading lesson. Endorsement of (that losing loser who lost) Romney would point away from "liberal".



    Looks like the PayWall is working...more readers skimming Channel3000 for local news



  4. Shake
    Report Abuse
    Shake - November 13, 2012 1:06 am
    Oops, time to lay off a few more reporters. Dog knows they're expendable on today's newspaper.
  5. River
    Report Abuse
    River - November 12, 2012 10:09 pm
    Income vs net loss are two different things. I wish those republicants could read but I guess even the governor didn't need an education.
  6. pony
    Report Abuse
    pony - November 12, 2012 9:44 pm
    one paragraph says last year had a loss of 8.8 , next paragraph says had income of 8.9.

    looks like the libs need a little accounting lesson.

    soon will be out of business
Add Comment
You must Login to comment.

Click here to get an account it's free and quick

What's hot

Video: Money, Personal Finance

Featured businesses