lee enterprises (LEE) Key Developments
Lee Enterprises, Incorporated Reports Unaudited Consolidated Financial Results for the First Fiscal Quarter Ended December 28, 2014
Feb 5 15
Lee Enterprises, Incorporated reported unaudited consolidated financial results for the first fiscal quarter ended December 28, 2014. The company reported preliminary earnings of 18 cents per diluted common share for the first fiscal quarter ended December 28, 2014, compared with earnings of 22 cents a year ago. Excluding unusual matters, adjusted earnings per diluted common share totaled 22 cents, compared with earnings of 24 cents a year ago. Operating revenue for the 13 weeks ended December 28, 2014 totaled $176.2 million, a decrease of 0.7% compared with $177.4 million a year ago. Excluding the impact of a subscription-related expense reclassification as a result of moving to fee-for-service delivery contracts at several of newspapers, operating revenue decreased 3.4%. Operating cash flow decreased 6.8% from $49.3 million a year ago to $46.0 million for the first quarter of 2015. Operating income was $37,497,000 against $40,202,000 for the same period of last year. Income before income taxes was $16,505,000 against $19,485,000 for the same period of last year. Income attributable to the company was $9,753,000 against $11,892,000 for the same period of last year. Adjusted EBITDA was $50,178,000 against $53,502,000 for the same period of last year. Capital expenditures, net of insurance proceeds was $3,547,000 against $2,295,000 for the same period of last year.
Lee Enterprises, Incorporated Announces Management Appointments
Feb 2 15
Lee Enterprises, Incorporated announced the appointment of Nathan E. Bekke, group publisher and publisher of Casper Star-Tribune Communications, will move to the corporate office as Vice President - Consumer Sales & Marketing, a new position. He will lead all activities related to building digital and print audiences, including acquisition, retention, revenue generation, customer service and marketing. John M. Humenik, president and publisher of the Wisconsin State Journal and president of Madison Newspapers Inc., will additionally become Vice President - News. He succeeds Joyce Dehli, who announced that she is stepping down after nine years of celebrated leadership. Bekke, 45, has been involved with a range of charitable, community and statewide organizations since arriving in Wyoming. He currently is chairman of the We Read advisory committee and serves on the YMCA board of trustees. Humenik, 51, is president and publisher of the Wisconsin State Journal and president of Madison Newspapers Inc., and also has served as Lee group publisher with responsibilities for operations in Madison and Tucson.
Lee Enterprises, Incorporated Announces Retirement of Carl G. Schmidt as Vice President, Chief Financial Officer and Treasurer, Effective from July 1
Jan 16 15
Lee Enterprises, Incorporated announced that Carl G. Schmidt, vice president, chief financial officer and treasurer, has informed the company that he plans to retire July 1.
Lee Enterprises, Incorporated Presents at JPMorgan Global High Yield & Leveraged Finance Conference, Feb-23-2015 02:40 PM
Jan 15 15
Lee Enterprises, Incorporated Presents at JPMorgan Global High Yield & Leveraged Finance Conference, Feb-23-2015 02:40 PM. Venue: Loews Hotel, Miami Beach, Florida, United States. Speakers: Carl G. Schmidt, Chief Financial Officer, Vice President and Treasurer, Kevin D. Mowbray, Chief Operating Officer and Vice President, Mary E. Junck, Chairman, Chief Executive Officer, President and Chairman of Executive Committee.
Lee Enterprises, Incorporated, Annual General Meeting, Feb 18, 2015
Jan 9 15
Lee Enterprises, Incorporated, Annual General Meeting, Feb 18, 2015., at 09:00 Central Standard Time. Location: 201 N. Harrison St., Fourth Floor. Agenda: To elect three directors for terms of three years; to elect one director for a term of one year; to ratify the selection of KPMG LLP as the company's independent registered public accounting firm; and to consider and act upon a proposal to amend the Amended and Restated 1990 Long-Term Incentive Plan.