Lee Enterprises Achieves 50% Digital Revenue in Fiscal Q3 2024

Lee Enterprises, the owner of numerous local news publications across the United States, announced its fiscal Q3 2024 financials. As part of this, it achieved a goal of digital revenue representing 50% of total revenue.

• Total Operating Revenue: $151 million, down 9% year-over-year
• Digital Revenue: $76 million, up 9% year-over-year

Similar to Gannett, which we reported on earlier today, Lee Enterprises is managing a rapidly declining print business while it continues to build up the digital business with the goal of reaching sustainability.