Lee Enterprises (NYSE: LEE) reported Q4 EPS of ($0.03), versus $0.01 reported last year. Revenue for the quarter came in at $191.77 million, versus $123.67 million reported last year.

Fourth Quarter Highlights(1):

• Total digital revenue, including digital advertising, digital subscription revenue and digital services, was $47.9 million and represented 25% of our operating revenue.
• Revenue at TownNews increased 7.0% in the fourth quarter and revenue over the last twelve months totaled $25.0 million.
• Subscription revenue totaled $89.3 million, or 46.5% of the Company's total operating revenue. Digital-only subscribers increased 13.5% and now total 244,000.
• On a GAAP basis, total operating revenues were $191.8 million in the fourth quarter, compared to $123.7 million in the prior year quarter. On a pro forma basis, total operating revenue was down 16.9% in the quarter.
• Operating expenses totaled $185.0 million and Cash Costs (3) on a pro forma basis were down 14.7%.
• Net loss totaled $1.3 million and Adjusted EBITDA totaled $25.4 million.

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