Lee Enterprises Corrects July 2002 Classified Employment Figure in Table; 2,729 Sted 2,279
Lee Enterprises Corrects July 2002 Classified Employment Figure in Table; 2,729 Sted 2,279
August 20, 2002
Aug 20, 2002 (BUSINESS WIRE) -- In BW2077, (IA-LEE-ENTERPRISES) reports financial results, July 2002 Classified Employment figure in table should read 2,729 (sted 2,279).
Corrected table follows:
LEE ENTERPRISES, INCORPORATED
Revenue and Statistical Summary
July 2002
(Unaudited)
Publishing Revenue -- Operating Basis (1)
July Year To Date
(Thousands) --------------------------- ---------------------------
2002 2001 % 2002 2001 %
--------- --------- ------- --------- --------- -------
(2) (2)(3) (2) (2)(3)
Advertising:
Retail........$ 14,629 $ 14,370 1.8 % $167,094 $166,436 0.4 %
National...... 823 800 2.9 10,088 10,581 (4.7)
Classified:
Daily
Newspapers:
Employment 2,729 3,396 (19.6) 25,903 34,230 (24.3)
Automotive 2,353 2,399 (1.9) 22,785 22,654 0.6
Real
Estate... 2,005 2,124 (5.6) 17,924 17,558 2.1
All Other. 1,892 1,825 3.7 17,233 16,216 6.3
Alternative
publications 1,615 1,565 3.2 16,858 16,803 0.3
--------- --------- --------- ---------
Total
Classified.. 10,594 11,309 (6.3) 100,703 107,461 (6.3)
--------- --------- --------- ---------
Total
Advertising. 26,046 26,479 (1.6) 277,885 284,478 (2.3)
Circulation.... 8,297 8,871 (6.5) 84,866 85,136 (0.3)
Online......... 681 562 21.2 6,082 4,996 21.7
Other.......... 5,325 5,443 (2.2) 59,883 62,739 (4.6)
--------- --------- --------- ---------
Total -- Same
Property
Operating
Basis....... 40,349 41,355 (2.4) 428,716 437,349 (2.0)
Equity Basis
Adjustment.... (6,865) (7,580) NM (78,748) (83,008) NM
Acquired/
Divested
Properties and
Other......... 18,927 567 NM 76,175 9,082 NM
--------- --------- --------- ---------
Total
Publishing
Revenue.....$ 52,411 $ 34,342 52.6 $426,143 $363,423 17.3
========= ========= ========= =========
Daily Newspaper Advertising -- Operating Basis (1)
July Year To Date
------------------------- -------------------------
(Thousands of
Inches) 2002 2001 % 2002 2001 %
------- ------- ------ ------- ------- ------
(2) (2)(3) (2) (2)(3)
Retail......... 560 557 0.5 % 6,060 6,167 (1.7)%
National....... 26 26 - 319 338 (5.6)
Classified..... 595 596 (0.2) 5,532 5,499 0.6
------- ------- ------- -------
Total, Same
Property
Operating
Basis....... 1,181 1,179 0.2 11,911 12,004 (0.8)
======= ======= ======= =======
Notes to Revenue and Statistical Summary:
(1) Operating basis includes 100% of the revenue and statistical
information of Madison Newspapers, Inc. (MNI), which for financial
reporting purposes is reported using the equity method of
accounting. Lee owns 50% of the stock of MNI.
(2) The month and year to date had one more Wednesday and one fewer
Sunday than a year ago.
(3) Previously reported data has been restated for comparative
purposes to exclude divested properties that have been
reclassified to discontinued operations.
(4) The Company's fiscal year ends on September 30.
(5) The Company disclaims responsibility for updating information
beyond release date.
CONTACT: Lee Enterprises, Incorporated, Davenport Dan Hayes, 563/383-2163 dan.hayes@lee.net