LEE ENTERPRISES, Inc
For the period ended Mar 30, 2025. Filed May 9, 2025.
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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 30, 2025 · Filed May 9, 2025
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 30,2025 | March 24,2024 | March 30,2025 | March 24,2024 |
| Operating revenue: | ||||
| Advertising and marketing services | 60,473 | 64,134 | 127,063 | 135,021 |
| Subscription | 64,868 | 69,227 | 129,865 | 140,566 |
| Other | 12,039 | 13,189 | 25,014 | 26,641 |
| Total operating revenue | 137,380 | 146,550 | 281,942 | 302,228 |
| Operating expenses: | ||||
| Compensation | 56,659 | 56,803 | 116,913 | 116,479 |
| Newsprint and ink | 3,111 | 4,162 | 6,727 | 9,005 |
| Other operating expenses | 71,455 | 72,294 | 146,135 | 147,070 |
| Depreciation and amortization | 5,171 | 7,293 | 11,436 | 14,588 |
| Assets loss (gain) on sales, impairments and other, net | 126 | 7,617 | (803) | 6,148 |
| Restructuring costs and other | 6,516 | 4,139 | 11,666 | 8,404 |
| Total operating expenses | 143,038 | 152,308 | 292,074 | 301,694 |
| Equity in earnings of associated companies | 1,155 | 1,206 | 2,277 | 2,747 |
| Operating (loss) income | (4,503) | (4,552) | (7,855) | 3,281 |
| Non-operating (expense) income: | ||||
| Interest expense | (9,950) | (10,214) | (20,232) | (20,345) |
| Pension and OPEB related benefit and other, net | 658 | 293 | 1,311 | 479 |
| Curtailment/Settlement gains | — | — | — | 3,593 |
| Total non-operating expense, net | (9,292) | (9,921) | (18,921) | (16,273) |
| Loss before income taxes | (13,795) | (14,473) | (26,776) | (12,992) |
| Income tax (benefit) expense | (1,780) | (2,837) | 1,463 | (2,589) |
| Net loss | (12,015) | (11,636) | (28,239) | (10,403) |
| Net income attributable to non-controlling interests | (496) | (543) | (1,020) | (1,088) |
| Loss attributable to Lee Enterprises, Incorporated | (12,511) | (12,179) | (29,259) | (11,491) |
| Other comprehensive loss, net of income taxes | (115) | (148) | (230) | (2,462) |
| Comprehensive loss attributable to Lee Enterprises, Incorporated | (12,626) | (12,327) | (29,489) | (13,953) |
| Loss per common share: | ||||
| Basic: | (2.07) | (2.06) | (4.87) | (1.94) |
| Diluted: | (2.07) | (2.06) | (4.87) | (1.94) |
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