Lee's industry is newspapers. That is not a very good start in this internet migration of the advertising money. I don't know the company well but, I've looked at the chart and it's looking bad. I would have sold a long time ago if I had shares and urge anybody to sell. I see the stock going lower except if the stock get a bump and shorts have to cover. 43.40% of Lee's float is being shorted. That's not a thing I look for in a long prospect but you need to be careful on each side here. If I was playing the long side, I would not take a position unless I see a catalyst that forces sh...
Lee's industry is newspapers. That is not a very good start in this internet migration of the advertising money. I don't know the company well but, I've looked at the chart and it's looking bad. I would have sold a long time ago if I had shares and urge anybody to sell. I see the stock going lower except if the stock get a bump and shorts have to cover. 43.40% of Lee's float is being shorted. That's not a thing I look for in a long prospect but you need to be careful on each side here. If I was playing the long side, I would not take a position unless I see a catalyst that forces sho...
The last year hasn’t been a good time to own a newspaper. The best performing stock was Washington Post (WPO), which managed not to decline significantly. New York Times (NYT) and Gannett ( GCI - Annual Report ) are down as much as half, while smaller firms like Lee Enterprises (LEE), Belo Corp. (BLC), McClatchy (MNI) and Journal Register (JRC) have registered declines ranging from 60-80%.
The Huffington Post took $25 million in funding to set a $100 million valuation yesterday. AdAge's Michael Learmonth points out that makes the Internet's paper-less newspaper more valuable -- on paper, so to speak -- that quite a few of the kind printed on dead trees:
The funding means Arianna Huffington's news blog is now considered more valuable by its backers than quite a few publicly traded newspaper companies, such as Lee Enterprises (LEE), owner of the St. Louis Post-Dispatch and 52 other papers (market cap: $36 million), A.H. Belo (AHC), owner of the Dallas Morning News and the Provid
It's been a dismal year for ad-supported businesses, but not everyone is getting hurt. A look through recent public company statements on their ad businesses shows a trend: those worst off are (a) exposed primarily to the U.S. ad market, and (b) have the most print and TV in their portfolios.
That's double trouble for many newspaper companies, which spent much of the 90s buying up local TV stations. And it isn't helping those with big cable TV portfolios, either -- but at least those businesses also get revenue from cable subscriber fees, which remain strong for companies like Viacom.
More bad news for newspapers: Lee Enterprises (LEE), which owns 54 daily papers in 23 states, says that not only is traditional newspaper advertising down in Q2 (expected), but online advertising is down 9.1%, too. Lee's online business consists of 126 local Web sites corresponding to publications as big as the St. Louis Post-Dispatch to very small like the Weekly Calistogan in St. Helena, Calif. It's a sign that as bad as print advertising has been, local papers aren't competing well for local online ad dollars, either.
Overall, Lee Enterprises' print and digital revenues fell 10% to $195.5
Likely the biggest week of earnings season kicks off today: We're waiting to hear from many of the biggies, most crucially Yahoo. Here's some of the ones we'll be watching, and when they plan on delivering their news:
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It's been a dismal year for ad-supported businesses, but not everyone is getting hurt. A look through recent public company statements on their ad businesses shows a trend: those worst off are (a) exposed primarily to the U.S. ad market, and (b) have the most print and TV in their portfolios.
More bad news for newspapers: 
