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