Lee logo Davenport-based newspaper publisher Lee Enterprises touted its growing digital revenues in its preliminary first quarter fiscal 2025 financial results report. Those results, for the period that ended Dec. 29, were reported Thursday, Jan. 6. The report states the newspaper publisher’s total digital revenue increased by 5% year over year, and its digital-only subscription revenue increased 14%. However, it also shows print revenues continue to fall. Its total print revenues fell 16% year over year. Print advertising revenue fell 19% and print subscription revenues fell 11%. Also, Kevin Mowbray, Lee’s president and chief executive officer, said the company plans to make $40 million in cost cuts by the end of the second quarter. He did not offer any details on those planned cost cuts. In the Quad Cities region, Lee is the publisher of the Quad-City Times, Rock Island Argus and Dispatch and Muscatine Journal newspapers. It publishes more than 350 weekly and specialty publications serving 73 markets in 26 U.S. states. “Our first quarter results demonstrate the continued progression of our digital transformation. We achieved over $300 million in total digital revenue over the last twelve months, including over $100 million in Amplified Digital Agency revenue,” said […]
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