Lee Enterprises Reports 1.7% Revenue Slide

By: Newspaper publisher Lee Enterprises Inc. said Monday revenue at papers owned at least a year fell 1.7 percent in May on national and classified ad weakness.

"Same-property" revenue, a key measure of publishers' performance, excludes papers bought or sold in the last year.

National ad sales declined 7.4 percent for the month. Classified advertising saw employment ad sales slip 12.4 percent and automotive ad sales sag 10.5 percent. Real estate fell 9.9 percent.

Total operating revenue, which includes ad revenue as well as revenue from circulation, commercial printing and online services, dropped 2 percent. Including acquisitions and sales, total operating revenue slipped 2.2 percent to $93.9 million.

Same-property online ad revenue surged 60.2 percent.


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