On the heels of furlough, layoff and pay cut announcements, Lee Enterprises announced Tuesday that it is making money.
Total revenue was $185.7 million. Operating expenses and compensation costs (part of that furlough, layoff and pay cut plan) also are down. Add it up, and Lee reported a profit of $3 million for the second quarter; this is the company's third consecutive profitable quarter.
Tuesday, April 20, 2010
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1 comment:
yES THANKS TO YOU LEAVING ALL THE RETIREES OUT IN THE COLD WHAT A "GREAT" COMPANY
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