Lee ad rev, classifieds post big drops for year

14 Nov 2008

And the numbers just keep on dropping. Now it’s Lee Enterprises’ turn.

For the year, the Davenport, Iowa-based community newspaper publisher swung to a loss per share of $15.23, compared with earnings of $1.77 a share in fiscal year 2007. The 2008 loss includes non-cash goodwill and other intangible assets impairment charges that so far have totaled $717.2 million after t

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Brian Blum

Brian Blum covers the U.S., Canada and Israel for Classified Intelligence Report, and contributes to our special reports and research projects. Originally from San Francisco and now based in Jerusalem, he has been with the AIM Group since 2004. He is the president of Blum Interactive Media, specializing in writing and multimedia content development for online, print, video and audio. His clients include newspapers, universities and non-profits. He is currently working on a book about the billion-dollar bankruptcy of a once high-flying Israeli startup.