Lee Enterprises reports second quarter results
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UPDATE: Lee Enterprises (LEE) Reports Q2 Loss of $0.09 on Revenues of $121.37M; Offers 3Q Revenue Outlook
June 18, 2020 7:05 AM EDT(Updated - June 18, 2020 7:07 AM EDT)
Lee Enterprises (NYSE: LEE) reported Q2 EPS of ($0.09), versus ($0.05) reported last year. Revenue for the quarter came in at $121.37 million, versus $122.7 million reported last year.
Second Quarter Operating Results
Operating revenue totaled $121.4 million, a decrease of 1.1%, as a result of continuing decline of print trends and the negative impact from the COVID-19 pandemic, partially offset by revenue from BHMG and Buffalo, which totaled $14.6 million of revenue in the quarter. Total operating revenue on a pro forma basis decreased 10.0% in the quarter.Subscription revenue increased 3.0% including the... More