Lee Enterprises Reports Improved Revenue Trend, Lower Costs

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By: Yahoo! Finance

DAVENPORT, Iowa (April 23, 2013) — Lee Enterprises, Incorporated (LEE), a major provider of local news, information and advertising in 50 markets, today reported an improved revenue trend and continued cost reduction for its second fiscal quarter ended March 31, 2013. Preliminary(1) results reflect a loss of 12 cents per diluted common share, compared with a loss of 54 cents a year ago. Excluding unusual matters, adjusted loss per diluted common share(2) totaled 5 cents, compared with a loss of 3 cents a year ago.

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