Lee Enterprises (LEE) Tops Q4 EPS by 2c
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Lee Enterprises Reports Fourth Quarter Earnings
December 10, 2015 6:45 AM ESTDAVENPORT, Iowa--(BUSINESS WIRE)-- Lee Enterprises, Incorporated (NYSE: LEE), a major provider of local news, information and advertising in 50 markets, today reported preliminary(1) results for its fourth fiscal quarter and fiscal year ended September 27, 2015.
Fourth quarter financial highlights include:
Fourth quarter operating cash flow(2) growth of 5.0% and 7.5% adjusted EBITDA(2) growth. Subscription revenue increased 6.1% excluding the subscription-related expense reclassification. Total digital revenue, including subscription and TownNews, grew 23.9%. Digital ad revenue was up 5.1%, representing 21.6% of total advertising revenue in the quarter. Mobile advertising revenue,... More