DALLAS, May 16, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Lee Enterprises Inc. (NYSE:LEE). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
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Lee Enterprises Inc. (LEE) is a premier provider of local news, information and advertising in midsize markets, with 49 daily newspapers and a joint interest in four others, nearly 300 weekly newspapers and specialty publications in 23 states. The Company's newspapers have circulation of 1.4 million daily and 1.7 million Sunday, reaching nearly four million readers in print alone. Its digital sites attracted 22 million unique visitors in January 2011. LEE's markets include St. Louis, Mo.; Lincoln, Neb.; Madison, Wis.; Davenport, Iowa; Billings, Mont.; Bloomington, Ill.; and Tucson, Ariz.
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In the report, the analyst notes:
"The newspaper company recently announced its results for the second fiscal quarter ended March 27, 2011. The Company reported total operating revenue of $178.7 million, which is 3.8% lower from last year. For the quarter, the Company said it swung to a loss of 3 cents per share, compared with a profit of 7 cents in the same period a year ago."
"On a stand-alone basis, the Company's digital advertising revenue gained 26.3% to $14.3 million, which is 11.5% of total advertising revenue. Its digital retail advertising revenue rose 43.8% while digital classified advertising slipped 0.7%. LEE said its digital sites attracted a total of 25 million unique visitors in March, which is a 54.1% rise over last year's figure."
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