Lee Enterprises (LEE) Reports October Revenues

Lee Enterprises, Incorporated (NYSE: LEE) reported that same property advertising revenue increased 1.0 percent in October compared with a year ago, while online advertising revenue increased 53.9 percent.

Classified advertising revenue decreased 1.5 percent, with employment down 5.9 percent, automotive down 1.5 percent, real estate down 3.6 percent, other newspaper classified categories up 2.8 percent, and classified in non-daily publications up 7.2 percent.

National advertising revenue decreased 2.3 percent. Niche publication advertising revenue increased 8.1 percent. Circulation revenue decreased 0.2 percent.

At the former Pulitzer Inc. newspapers, which are included in same property(1) revenue for the first time in October, advertising revenue increased 2.8 percent. Advertising revenue rose 2.6 percent in St. Louis and 3.2 percent elsewhere.

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