LEE ENTERPRISES Inc
For the period ended Mar 24, 2024. Filed May 3, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 24, 2024 · Filed May 3, 2024
LEE$6.99+3.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Loss and Comprehensive Loss
| Three months ended | Six months ended | |||
|---|---|---|---|---|
| (Thousands of Dollars, Except Per Common Share Data) | March 24,2024 | March 26,2023 | March 24,2024 | March 26,2023 |
| Operating revenue: | ||||
| Advertising and marketing services | 64,134 | 77,700 | 135,021 | 167,285 |
| Subscription | 69,227 | 78,582 | 140,566 | 158,281 |
| Other | 13,189 | 14,405 | 26,641 | 30,252 |
| Total operating revenue | 146,550 | 170,687 | 302,228 | 355,818 |
| Operating expenses: | ||||
| Compensation | 56,803 | 68,831 | 116,479 | 144,277 |
| Newsprint and ink | 4,162 | 6,466 | 9,005 | 13,898 |
| Other operating expenses | 72,294 | 82,569 | 147,070 | 169,343 |
| Depreciation and amortization | 7,293 | 7,733 | 14,588 | 15,619 |
| Assets loss (gain) on sales, impairments and other, net | 7,617 | (792) | 6,148 | (3,355) |
| Restructuring costs and other | 4,139 | 3,694 | 8,404 | 4,340 |
| Total operating expenses | 152,308 | 168,501 | 301,694 | 344,122 |
| Equity in earnings of associated companies | 1,206 | 672 | 2,747 | 2,340 |
| Operating (loss) income | (4,552) | 2,858 | 3,281 | 14,036 |
| Non-operating (expense) income: | ||||
| Interest expense | (10,214) | (10,501) | (20,345) | (20,909) |
| Pension and OPEB related benefit and other, net | 293 | 206 | 479 | 1,700 |
| Curtailment/Settlement gains | — | — | 3,593 | — |
| Total non-operating expense, net | (9,921) | (10,295) | (16,273) | (19,209) |
| Loss before income taxes | (14,473) | (7,437) | (12,992) | (5,173) |
| Income tax benefit | (2,837) | (2,071) | (2,589) | (1,631) |
| Net loss | (11,636) | (5,366) | (10,403) | (3,542) |
| Net income attributable to non-controlling interests | (543) | (519) | (1,088) | (1,244) |
| Loss attributable to Lee Enterprises, Incorporated | (12,179) | (5,885) | (11,491) | (4,786) |
| Other comprehensive loss, net of income taxes | (148) | (140) | (2,462) | (280) |
| Comprehensive loss attributable to Lee Enterprises, Incorporated | (12,327) | (6,025) | (13,953) | (5,066) |
| Loss per common share: | ||||
| Basic: | (2.06) | (1.01) | (1.94) | (0.82) |
| Diluted: | (2.06) | (1.01) | (1.94) | (0.82) |
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