Lee Enterprises To Expand Online Subscription Plan; Sees 2Q Revenue Decline

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By: Melodie Warner | Dow Jones Newswires

Lee Enterprises Inc. (LEE) said it plans to introduce digital-subscriber programs in more markets as it expects declining revenue trends to continue in the fiscal second quarter.

The newspaper publisher estimated revenue for the quarter ending March 25 will decrease by 3% to 4% with operating expenses, excluding depreciation and amortization, falling by 4% to 5%.

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