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LEE WEBSITE http://www.lee.net/
 




Lee Enterprises updates business outlook, plans more digital subscriptions
DAVENPORT, Iowa (March 21, 2012) -- Lee Enterprises, Incorporated (NYSE: LEE - News) expects revenue trends for the quarter ending March 25, 2012, to be similar to, or slightly better than, the December 2011 quarter, down in the range of 3% to 4%, with operating expenses, excluding depreciation and amortization, decreasing 4% to 5%, resulting in stable operating cash flow(1) and operating income.

In remarks prepared for Lee`s annual meeting of stockholders this morning, Carl Schmidt, vice president, chief financial officer and treasurer, said operating expenses, excluding depreciation and amortization, for the fiscal year ending September 30, 2012, are expected to decrease 3.5% to 4.5% from the comparable 2011 level, also excluding non-cash impairment charges in the prior year and a 53rd week of business activity in 2012, a significant improvement from previous guidance.

He said the additional week, which will be in September and which last occurred in 2007, will add $9-10 million to operating expenses for this year only, but it also will add an extra week of revenue, so the impact on cash flow and earnings should be positive.

Schmidt added that debt repayments in the quarter totaling $30.4 million made in conjunction with, and since the closing of the company`s debt refinancing on January 30 will reduce the remaining balance to $965.5 million.

Also in remarks prepared for the annual meeting, Mary Junck, chairman and chief executive officer, said Lee plans to introduce digital subscriber programs in more Lee markets within the next three months and expects to have paid digital content in most Lee markets by the end of the year.

She said reception of a digital subscriber program at six newspapers in Montana and Wyoming has been good. She said there has been no adverse effect on digital advertising revenue, that the number of unique visits has continued to grow, and that page views have remained strong.

"We`re excited about the opportunities we see for digital subscriptions," she said. "No other source can match the wealth of unique and indispensable local news and information that we provide around the clock, day in and day out. We see this development as an important part of our future."

She shared updated market studies showing that Lee`s newspapers and digital products reach 82% of the adults in its 12 largest markets over a week, including 80% of people 18-29 years old.

She said mobile and tablet audience growth has been "breathtaking," with page views up 225% in January 2012 compared with a year ago.

She added: "Next week, we`re rolling out another major update for our 104 smartphone apps. The update features an improved user interface, new content and new rich-media advertising, with more options for sharing across social media."

The complete presentation will be available later this morning at lee.net.

Lee Enterprises is a leading provider of local news and information, and a major platform for advertising, in its markets, with 48 daily newspapers and a joint interest in four others, rapidly growing digital products and nearly 300 specialty publications in 23 states. Lee`s newspapers have circulation of 1.3 million daily and 1.7 million Sunday, reaching nearly four million readers in print alone. Lee`s websites and mobile and tablet products attracted 22.7 million unique visitors in January 2012. Lee`s markets include St. Louis, MO; Lincoln, NE; Madison, WI; Davenport, IA; Billings, MT; Bloomington, IL; and Tucson, AZ. Lee Common Stock is traded on the New York Stock Exchange under the symbol LEE.

(1) Operating cash flow, which is defined as operating income before depreciation, amortization, impairment charges, curtailment gains, and equity in earnings of associated companies, is a non-GAAP (Generally Accepted Accounting Principles) financial measure. No non-GAAP financial measure should be considered as a substitute for any related GAAP financial measure. However, the company believes the use of non-GAAP financial measures provides meaningful supplemental information with which to evaluate its financial performance, or assist in forecasting and analyzing future periods. For further information, please refer to the most recent 10-K or 10-Q filing.

 

Mary Junck

Davenport, IA 52801 Chairman, President and Chief Executive Officer

www.lee.net (563) 383-2100

January 23, 2012

Dear Lee Stockholders and Employees:

The comprehensive refinancing of Lee's debt will go into effect on January 30, 2012.

The achievement will mark the successful conclusion of a process that began nearly a year ago

in a difficult credit environment. The refinancing, along with our rapid digital growth, huge

audiences, intensive sales culture and ongoing strong cash flow, will keep Lee on solid financial

footing as we continue reshaping our company and improving our balance sheet.

The agreements extend our existing loan agreements to 2015 and 2017 on reasonable terms that

preserve stockholders' ownership interests with only 13% dilution. I am enclosing our news

release with additional details.

As I noted in my letter of December 2, 2011, completion of the refinancing required a voluntary,

prepackaged Chapter 11 process to bind a small minority of non-consenting creditors to

agreements that had been reached with an overwhelming majority of lenders. The process did

not affect employees, vendors, contractors, customers or any aspect of company operations.

Lee continues to be listed on the New York Stock Exchange, although the stock price currently

remains below the minimum average closing price of $1 per share. We expect investor sentiment

to improve with the conclusion of the refinancing. Regardless, NYSE rules allow the cure period

to extend through Lee's annual meeting in March 2012 because, if necessary, Lee could receive

shareholder approval to enact a reverse stock split. If Lee stock were to be removed from the

NYSE, it would be traded over the counter.

As you may have seen in our earnings report for the first quarter of our fiscal 2012, Lee continues

to gain headway in a still-uneven economy. We expect revenue trends to improve slowly in 2012,

as we press forward with more digital and print initiatives. Because of our intensive sales culture

and evolving array of products, Lee has outpaced the industry in advertising revenue

performance for 33 quarters in a row, and we expect to continue extending that string.

Even in a challenging economy, our print and digital media attract huge audiences. Continual,

extensive research shows that more than 80% percent of adults in our larger markets read or use

our products each week, including two-thirds of 18- to 29-year-olds. We believe the statistics are

even stronger in our smaller markets. That strength reflects the unique and indispensable role we

have earned in our communities and reinforces our optimism for the future.

With deep appreciation for your continuing support,

Mary Junck

Chairman, President and Chief Executive Officer

Enc.: News release

Lee Enterprises Inc.
201 North Harrison Street
Suite 600
Davenport, IA 52801
Phone: 563-383-2100
Fax: 563-323-9608
Web Site: http://www.lee.net/

DETAILS
Index Membership: N/A
Sector: Services
Industry: Publishing - Newspapers
Full Time Employees: 6,200


BUSINESS SUMMARY
Lee Enterprises, Incorporated provides local news, information, and advertising primarily in midsize markets in the United States. It publishes 49 daily newspapers, as well as offers approximately 300 weekly newspapers and specialty publications in 23 states. The company also offers online services and advertising services. In addition, it provides online infrastructure and online publishing services for approximately 1,500 daily and weekly newspapers and shoppers. Further, Lee Enterprises has a joint interest in four newspapers. The company has a strategic alliance with Yahoo!, Inc., which offers its classified employment advertising customer base the opportunity to post job listings on Yahoo!'s HotJobs national platform. Lee Enterprises was founded in 1890 and is based in Davenport, Iowa.


ARIZONA
Arizona Daily Sun, Flagstaff
Arizona Daily Star, Tucson

CALIFORNIA
The Sentinel, Hanford
   The Kingsburg Recorder, Kingsburg
   Lemoore Advance, Lemoore
   The Selma Enterprise, Selma
The Lompoc Record, Lompoc
Napa Valley Register, Napa
   Inside Napa Valley, Napa
   American Canyon Eagle, Napa
   St. Helena Star, St. Helena
   Weekly Calistogan, St. Helena
North County Times, Oceanside/Escondido
Santa Maria Times, Santa Maria
   Adobe Press, Nipomo
   El Tiempo, Santa Maria
   Times Press Recorder, Arroyo Grande
   Santa Ynez Valley News, Santa Maria


HAWAII
The Garden Island, Lihue, Kauai

IDAHO
Ag Weekly, Twin Falls
The Times-News, Twin Falls


ILLINOIS
The Pantagraph, Bloomington
The Southern Illinoisan, Carbondale
Journal Gazette and Times-Courier, Mattoon/Charleston
Herald & Review, Decatur
Prairie Shopper
, Decatur

INDIANA
The Times, Munster

IOWA

Iowa Farmer Today, Cedar Rapids
Quad-City Times
, Davenport
Globe-Gazette, Mason City
   
Mason City Shopper, Mason City
   
Britt News-Tribune, Britt
    Forest City Summit, Forest City
    Winnebago/Hancock Shopper, Forest City
   
Mitchell County Press-News, Osage
Muscatine Journal, Muscatine
   
Classic Images / Films of the Golden Age, Muscatine
Sioux City Journal, Sioux City
The Courier, Waterloo-Cedar Falls

KENTUCKY

The Ledger Independent, Maysville

MINNESOTA
Minnesota Farm Guide, Bismarck, ND
Winona Daily News, Winona

MISSOURI

Daily Journal, Park Hills
   
Democrat News, Fredericktown
   
The Farmington Press, Farmington
St. Louis Post-Dispatch, St. Louis
Suburban Journals, Greater St. Louis

MONTANA

Billings Gazette, Billings
   
Thrifty Nickel, Billings
Mini Nickel, Bozeman
The Montana Standard, Butte
The Prairie Star, Great Falls
Ravalli Republic, Hamilton
Independent Record, Helena
   
The Adit, Helena
LewisandClark.com, Helena
Montana Magazine, Helena
Missoulian, Missoula
   
Grizzly Nickel, Missoula
Sellitmt statewide classifieds

NEBRASKA

Beatrice Daily Sun, Beatrice
Columbus Telegram, Columbus
Fremont Tribune, Fremont
Lincoln Journal Star
, Lincoln
Midwest Messenger, Tekamah
Midwest Producer, Tekamah
Plattsmouth Journal, Plattsmouth

NEVADA

Elko Daily Free Press, Elko

NEW YORK
The Citizen, Auburn
   Skaneateles Journal, Skaneateles
The Post-Star, Glens Falls


NORTH DAKOTA
The Bismarck Tribune, Bismarck
Farm & Ranch Guide, Bismarck
FarmEquipmentCenter.com, Bismarck
Dickinson Finder
, Dickinson
The Finder, Mandan
Mandan News, Mandan

OREGON
The World, Coos Bay
   
Bandon Western World, Bandon
   
The Umpqua Post, Umpqua
Democrat-Herald, Albany
Gazette-Times, Corvallis
Lebanon Express, Lebanon

PENNSYLVANIA

The Sentinel, Carlisle

SOUTH CAROLINA
The Times and Democrat, Orangeburg

SOUTH DAKOTA
Rapid City Journal, Rapid City
   
Black HIlls Weekly Group, Black Hills
Tri-State Neighbor, Sioux Falls

UTAH

The Daily Herald, Provo
   
Nebo Reporter, Payson
   
The Pyramid, Mt. Pleasant
   
Spanish Fork Press
    Springville Herald

WASHINGTON 
The Daily News, Longview

WISCONSIN
 
Agri-View, Madison
Baraboo News Republic, Baraboo
The Chippewa Herald, Chippewa Falls
Chippewa Valley Newspapers, Chippewa region
Daily Citizen, Beaver Dam
Tradin' Post Buyer's Guide, Eau Claire
Foxxy Shopper
, La Crosse
La Crosse Tribune, La Crosse
River Valley Newspapers, La Crosse-Winona region
Onalaska/Holmen Courier-Life News, Onalaska/Holmen
Wisconsin State Journal, Madison
Juneau County Star-Times, Mauston
The Chronicle, Melrose
Dunn County News, Menomonie
Portage Daily Register, Portage
The Journal Times, Racine
Pennysaver, Racine
Reedsburg Times-Press, Reedsburg
Sauk Prairie Eagle, Sauk City
Foxxy Shopper, Sparta
Tomah Journal/Monitor Herald, Tomah
Vernon County Broadcaster, Viroqua
Coulee News, West Salem
Westby Times, Westby
Wisconsin Dells Events, Wisconsin Dells

WYOMING

Casper Star-Tribune, Casper
Casper Journal, Casper

 LATEST SEC FILINGS http://www.otcmarkets.com/stock/LEE/financials

 

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PostSubject
#582   fast and steady profit scan LEE bullish 3.75 stocktrademan 09/30/16 04:23:20 PM
#581   WOW! Tradeinman 08/12/16 11:48:01 AM
#580   set for breaking the 100day/av and moving to`the 200.... Chance 03/03/16 07:33:57 AM
#579   Got to wait for it here. Lets see keyotee 02/04/16 10:15:03 PM
#578   Is WB propping this up? keyotee 01/20/16 12:26:03 AM
#577   Lee dropped like a sack of potatoes over imsnow 09/10/15 12:39:52 PM
#576   Merry Christmas to you and happy new year! keyotee 12/25/14 03:16:50 AM
#575   should be around $5 range in about 5 days madchicken 06/11/14 06:16:08 PM
#574   Current price $5.14/ share. airbus300 03/01/14 08:49:05 PM
#573   LEE Ichauway 03/01/14 01:02:35 PM
#572   yes... we do! freshy 02/07/14 12:02:34 AM
#571   Current price $4.20 / share. airbus300 01/28/14 03:16:38 PM
#570   I was thinking about the forecast earnings per airbus300 01/07/14 07:45:05 PM
#569   Anyone know what's causing the current action? JFBroderick 01/07/14 03:01:05 PM
#568   Current price $3.68. airbus300 11/14/13 03:26:23 PM
#567   LEE Video Chart 9/13/2013 QualityStocks 09/13/13 10:30:50 AM
#566   $LEE ~ moving higher in an uptrend! Penny Roger$ 08/28/13 07:14:41 PM
#565   Current price $2.53. airbus300 08/12/13 01:08:58 PM
#564   Lee Enterprises Seeks to Pay Down Secured Loans airbus300 07/29/13 02:34:34 PM
#563   $2.55-$2.65??? airbus300 07/26/13 11:40:26 AM
#562   anyone feeling the # on the dip... Im cowboyinvestor69 07/26/13 02:51:21 AM
#561   I bought a couple of years ago around airbus300 07/24/13 02:42:23 PM
#560   ~ $LEE ~ Daily Par Sar Buy Signal Penny Roger$ 07/24/13 12:13:03 AM
#559   Is this a good buy at 3.10? Bullmarking 07/23/13 06:26:33 PM
#558   Lee Enterprises reports improved earnings for June quarter airbus300 07/23/13 11:11:44 AM
#557   LEE have a gtc in @ $2.30...may hmmauto 07/19/13 03:08:14 PM
#556   solid trading co been doing it for 3 toby3 07/15/13 02:42:11 PM
#555   I reloaded in the 2.30'S as well..good luck, Michael hmmauto 07/15/13 11:14:42 AM
#554   Jumped at $2.28 today. I have traded lee toby3 07/12/13 06:22:26 PM
#553   Stopped out at $2.55.. Getting ugly!.. Good luck, michael hmmauto 07/12/13 12:54:01 PM
#552   dang $2.50 more like it now:-( [SMART MONEY] 07/11/13 06:55:27 PM
#551   Mañana for sure. Closes higher everyday. $3.50 right hmmauto 07/10/13 07:09:04 PM
#550   $3 so close!!! [SMART MONEY] 07/10/13 07:02:43 PM
#549   LEE will break $3.00 today....momentum is strong....good luck, michael hmmauto 07/10/13 10:00:05 AM
#548   Breaks $3.00 today imo....next target $3.50....good luck, michael hmmauto 07/10/13 09:57:01 AM
#547   wow LEE still going, where does it stop? [SMART MONEY] 07/09/13 09:01:40 PM
#546   LEE closed at new 52 week high and hmmauto 07/09/13 05:04:46 PM
#545   $3.00 OR MORE!...good luck, michael hmmauto 07/08/13 08:13:50 PM
#544   LEE...$3.00 BY EOM....good luck, michael hmmauto 07/08/13 08:12:57 PM
#543   Nice move on LEE today..Im still holding...good luck, michael hmmauto 07/05/13 04:44:23 PM
#542   Yeah Im in. Holding for a while as hmmauto 07/01/13 06:18:24 PM
#541   WOW BIG DAY! (LEE) [SMART MONEY] 06/19/13 05:14:47 PM
#540   Okay, so I'll post again. Lee with berkshire's salesleader 05/06/13 01:11:43 PM
#539   Been a long time anyone has posted on salesleader 05/02/13 10:14:12 AM
#538   I am both a subscriber and advertiser in salesleader 11/15/12 12:35:46 PM
#537   It has got my attention. Just watching for chmcnfunds 11/15/12 12:29:58 PM
#536   Wow, what adrop today huh? I still like salesleader 11/15/12 12:04:38 PM
#535   Berkshire reduces LEE in portfolio. Down to close chmcnfunds 11/15/12 11:37:26 AM
#534   Seeking Alpha likes LEE too salesleader 10/18/12 10:12:49 AM
#533   Lee paying debt sooner salesleader 10/11/12 01:24:47 PM
PostSubject