Lee Enterprises, Incorporated Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 28, 2020
August 05, 2020
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Lee Enterprises, Incorporated announced unaudited consolidated earnings results for the third quarter and nine months ended June 28, 2020. For the quarter, the company announced total operating revenue of USD 182.528 million compared to USD 127.284 million a year ago. Operating income was USD 11.749 million compared to USD 20.031 million a year ago. Net loss was USD 0.727 million compared to net income of USD 6.172 million a year ago. Basic loss per share was USD 0.02 against EPS of 0.10 a year ago.
For the nine months, the company announced total operating revenue of USD 426.238 million compared to USD 386.189 million a year ago. Operating income was USD 43.843 million compared to USD 60.318 million a year ago. Net income was USD 2,000 compared to USD 14,564,000 a year ago. Basic loss per share was USD 0.02 against EPS of 0.24 a year ago.
Lee Enterprises, Incorporated is a provider of local news and information in the markets it serves with digital subscription and advertising platforms. The Companyâs product portfolio includes digital subscription platforms, daily, weekly and monthly newspapers and niche publications, all delivering original local news and information. The Companyâs products offer print and digital editions, and its content and advertising are available in real time through its websites and mobile apps. It operates in predominately mid-sized communities with products ranging from daily newspapers and associated digital products, such as the St. Louis Post-Dispatch and The Buffalo News, to non-daily newspapers with news websites and digital platforms serving smaller communities. The Company is focused on three categories: subscriptions to its product offerings, advertising and marketing solutions to local advertisers, and digital services to a diverse set of customers.
LEE ENTERPRISES, INCORPORATED 
