DALLAS, Aug. 25, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces a stock report featuring Lee Enterprises Inc. (NYSE:LEE). The report briefly notes the company's most recent developments and news, and outlines its financial position, market performance, and comparison against industry peers.
The full report is available at: www.microstockprofit.com/lp/LEE
Lee Enterprises Inc. (LEE) is a provider of local news and information, and a major platform for advertising in the markets it serves, with 49 daily newspapers; a joint interest in four others; rapidly growing digital products; and nearly 300 specialty publications in 23 states. Its newspapers have a circulation of 1.4 million daily and 1.7 million Sunday, reaching nearly 4 million readers in print alone. LEE's digital sites attracted 22 million unique visitors in June 2011. The Company's markets include St. Louis, Mo.; Lincoln, Neb.; Madison, Wis.; Davenport, Iowa; Billings, Mont.; Bloomington, Ill.; and Tucson, Ariz.
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In the report, the analyst notes:
"The Company last week was reported to have received notification that it is in noncompliance with a second standard for continued listing on the New York Stock Exchange. … In a letter dated August 15, the NYSE noted that as of Aug. 9, 2011, LEE was below criteria for a continued listing standard that requires average market capitalization of not less than $50 million over a 30 trading-day period or stockholders' equity of not less than $50 million"
"LEE reported operating revenue $187.3 million for its third fiscal quarter ended June 26, 2011, a decline of 4.6% on a reported basis compared with a year ago. Same Property revenue, which was impacted by the sale of a small book publishing business in the March quarter, declined 4.2%. "
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