Lee Enterprises Reports Loss

Photo courtesy of Creative Commons

The publisher of the St. Louis Post-Dispatch reported a net loss of $20.9 million for fiscal 2012.

That compares with a net loss of $146.7 million for fiscal 2011, which was mostly due to reorganization and debt financing costs.

For the full year ended Sept. 30, Lee Enterprises reported operating revenue of $710.5 million, down 2 percent from 2011. Combined print and digital advertising revenue decreased 4 percent to $495.9 million, with retail advertising down 3 percent, classified down 6 percent and national down 8 percent.

Read more on St. Louis Business Journal and St. Louis Post-Dispatch.

Tags:, , , ,

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students