Lee Enterprises Q4 Profit Up 26.8% - Quick Facts

(RTTNews) - Lee Enterprises, Inc. (LEE), a provider of news, information and a major platform for advertising in 49 markets, on Friday reported fourth-quarter net income of $4.44 million or $0.07 per share, up from $3.50 million or $0.06 per share in the year-ago period.

Adjusted earnings for the quarter were $0.09 per share, compared to $0.06 per share in the prior-year quarter.

Operating revenue for quarter totaled $139.75 million, a decrease of 0.3 percent from $140.21 million a year ago. On a same property basis, total operating revenue for the quarter decreased 5.9 percent.

Advertising and marketing services revenue decreased 7.4 percent to $73.7 million, while subscription revenue increased 4.1 percent in the quarter. Other revenue, which consists of digital services, commercial printing and revenue from delivery of third party products, increased 32.8 percent in the quarter.

Total digital revenue, including digital advertising and digital services, was $30.3 million for the quarter, up 12.6 percent compared with a year ago and up 7.7 percent on a same property basis.