Lee Enterprises sees $1.5 million profit in 2nd quarter

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Posted: Friday, May 9, 2014 12:00 am

DAVENPORT, Iowa (AP) — Lee Enterprises, publisher of the the Lincoln Journal Star, the St. Louis Post Dispatch and 44 other newspapers, says it posted a $1.5 million profit in its fiscal second quarter, reversing a loss in the same period a year ago.

For the quarter ended March 30, the Davenport, Iowa-based publisher’s profit was 3 cents per share, compared with a loss of $6 million, or 12 cents per share, a year ago.

Excluding one-time items, Lee posted an adjusted profit of $2.6 million, or 5 cents per share.

Operating revenue fell 4 percent to $154.1 million from $160.6 million.

Combined print and digital advertising and marketing services revenue decreased 4 percent to $102.7 million. But on a stand-alone basis, digital advertising and marketing services revenue rose 10 percent to $17.4 million.

© 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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