MNI - Lee Enterprises: Better Revenue Trends And A Hidden Gem
Lee Enterprises (LEE), which manages newspapers for Warren Buffett's Berkshire Hathaway (BRK.A) (BRK.B), reported an impressive quarterly results on Friday. An analysis of the results showed better-than-expected revenue trends and steady deleveraging that should draw investors to re-rate the stock to the top-end of industry peers.
Along with the revenue outperformance in its core news business, Lee Enterprises is also seeing strong results from TownNews, a lucrative venture that provides a digital platform for other news publishers and TV broadcasters to deliver content most effectively to readers on the web and