Login

Register | Forgot Your Password? | Close
Register | Forgot Your Password? | Close

DAVENPORT, Iowa (AP) - Lee Enterprises says its fiscal first-quarter net income fell 18 percent as revenue slipped.

For the quarter ended Dec. 29, the Davenport, Iowa-based publisher earned $11.9 million, or 22 cents per share. That compared with $14.6 million, or 28 cents per share, in the same quarter a year earlier.

Excluding special charges related to discontinued operations, the company says it earned $12.8 million, or 24 cents per share, up from an adjusted $10.5 million, or 20 cents per share, a year earlier.

Operating revenue fell 4 percent to $177.4 million from $184.7 million, as print and digital advertising and marketing services revenue declined 5 percent to $122.4 million.

But digital revenue, including advertising, marketing services, subscriptions and digital businesses, increased 13 percent to $21.6 million.


(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
share this story:
Attention KTAR.com Comment Users: We have recently changed our comments boards.
We would like you to be part of the conversation and The Voice of Arizona by logging in with your Facebook, Twitter, Google+ or Disqus account. Existing KTAR (Arizona Sports) account members will need to create a Disqus account or use one of the aforementioned social media logins. Thank you.
comments powered by Disqus
close

Share: