|Mary Junck, CEO of Lee Enterprises.|
Lee Enterprises announced a third-quarter loss of only $1.5 million, which is down quite a bit from the losses of $155 million in the same quarter of the previous year. Successfully pushing that decimal point two places to the left means that shares only lost three cents of their value in the third quarter this year, as opposed to the loss of $3.46 per share in the same time frame last year. Of course, you can only lose so much value before you hit zero, right?
In other financial news for the Post-Dispatch
's parent company, Lee's operating venue dropped 4.3 percent, a sign of the industry-wide drop in print advertising revenue. But don't worry, Lee CEO Mary Junck has a plan.
Can you say "digital subscriptions?" More »