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AdPulp (Free subscription) | 08/05/2008
The economic downturn has to hurt the ad business at some point. According to the Los Angeles Times , certain sectors-like online display advertising--are already feeling the pain. In one ominous example, Lee Enterprises Inc. , which owns 54 newspapers including the St. Louis Post-Dispatch, said in its most recent earnings report that its online ad revenue had dropped 9.1% while print ad revenue fell...
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E - Editors Weblog (Free subscription) | 08/04/2008
Lee Enterprises is combining two Idaho dailies, The Times-News (Twin Falls) and the South Idaho Press (Burley), plus three weeklies into one daily: The Times-News. It will be launched on 18 August.Brad Hurd, Times-News Publisher, announced that the headcount will...
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SignalBlog (Free subscription) | 07/31/2008
Lee Enterprises Inc. shares advanced more than 13 percent Wednesday as investors returned to the publisher’s badly beaten stock. The stock added 41 cents to $3.44 Wednesday. At 239,749 shares, trading volume was less than half of the stock’s daily average. Lee shares are 83 percent below their 12-month high of $20.60. Last week, the publisher reported an [...]
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Star Tribune (Free subscription) | 07/24/2008
NEW YORK - Newspaper publisher Lee Enterprises Inc. said Thursday its fiscal third-quarter profit fell 87.4 percent, partly on one-time impairment charges.The Davenport, Iowa-based company said net income was $2.8 million, or 6 cents per share, for the three months ended June 29, compared with $22.5 million, or 49 cents per share, in the same period last year.Excluding the one-time charges — which...
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Silicon Alley Insider (Free subscription) | 07/24/2008
More bad news for newspapers: Lee Enterprises (LEE), which owns 54 daily papers in 23 states, says that only is traditional newspaper advertising down in Q2 (expected), but online advertising is down 9.1%, too. Lee's online business consists of 126 local Web sites corresponding to publications as big as the St. Louis Post-Dispatch to very small like the Weekly Calistogan in St. Helena, Calif. It's...
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Everyday Ethics (Free subscription) | 07/24/2008
Associated Press Excluding one-time charges -- which include goodwill and other charges based on the falling value of its assets -- Lee Enterprises earnings dropped 44.1% in the third quarter. Print advertising revenue declined 8.2%, and online advertising revenue increased 5.3%. || Read the release .
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Paidcontent (Free subscription) | 07/24/2008
The dismal economy not only hit newspaper publisher Lee Enterprises ( NYSE: LEE ) on the print side, but even its online ad revenues fell in Q2. Online dropped 9.1 percent, Lee said, adding that combined print and digital revenues also fell 10 percent to $195.5 million. Also, combined same property print and national online ad revenue slid 21.2 percent. This is striking turnabout from last year, when...
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Business Wire (Free subscription) | 07/21/2008
MIDDLESBORO, Ky.--(BUSINESS WIRE)--Heartland, Inc. (OTCBB:HTLJ) is pleased to announce that Company has signed a letter of
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Reflections of a Newsosaur (Free subscription) | 07/17/2008
The shares of Gannett, Lee Enterprises, McClatchy and New York Times Co. have fallen so low that the companies have become candidates for transactions that could convert them to private ownership. The companies could do it themselves, do it in partnership with private-equity funds — or potentially face unwanted takeovers from investors attracted by the bargain prices of their stock. A public
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Salt Lake Tribune (Free subscription) | 07/15/2008
Posted: 12:55 PM- PROVO - The Daily Herald in Provo has a new publisher. Lee Enterprises Inc. appointed Rona Rahlf, a group leader and publisher from The Post-Star in Glens Falls, N.Y.
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Lost Remote (Free subscription) | 07/14/2008
Seven newspaper stocks hit record lows on Friday. Alan Mutter explains: “Investor bets against Lee Enterprises and McClatchy were more than twice as big last month as those against the shares of Fannie Mae, one of the mortgage giants whose perceived instability jolted the financial markets.”
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Reflections of a Newsosaur (Free subscription) | 07/11/2008
The shares of six publicly held newspaper companies plunged to modern-day lows in early trading today. McClatchy, Lee Enterprises, and Gatehouse hit all-time lows when their shares skidded respectively to $4.85, $3.11 and $1.61 in the opening hours of trading on the New York Stock Exchange. Also hitting new lows were: :: Gannett at $17.50, the lowest point since 1990. :: Media General at
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South Dakota Politics (Free subscription) | 07/08/2008
Reuters: "Shares of McClatchy Co, publisher of the Miami Herald, are down 77 percent this year; Lee Enterprises Inc, which owns the St. Louis Post-Dispatch, is down 84 percent. The largest of them all, USA Today publisher Gannett Co, is...
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Billings Blog (Free subscription) | 07/01/2008
Newsosaur reflects on how close newspaper companies are to defaulting on their debt. Lee Enterprises shows up only in the comments.
