Lee Enterprises’ ad revenues fell in February
Lee Enterprises Inc.’s same-property revenues dropped 0.8 percent to $82.5 million in February, compared with $83.2 million a year earlier, reported the Associated Press. Same-property revenues exclude properties bought or sold in the current and prior year, providing a key measure of performance.
The Davenport-based company, which owns papers in several small and midsized markets in the Midwest and Northwest, experienced a 1.6 percent decline in total advertising revenues, though online ad revenues jumped 51.5 percent to $4.1 million.
“Strong online advertising growth offset much of the declines in other revenue categories, which have been affected in varying degrees by prolonged cold weather and harsh winter storms, especially in the Midwest,” said Chairman and CEO Mary Junck in a statement.
Circulation revenues increased 0.2 percent.

