"We introduced digital subscriptions in 11 more markets during the quarter, for a total of 17 so far, and expect nearly all of Lee's 52 markets to follow by the end of the calendar year."Digital advertising continues to grow for Lee, so from a business standpoint, trying to monetize their online content makes sense. For the year to date, Lee's digital advertising revenue has increased 10.1 percent. Print revenue on its own decreased 7.7 percent in the same time frame. In an interesting coincidence, Lee's average number of full-time or equivalent employees is down by a similar figure of 7.4 percent for the year-to-date.
Support Local Journalism.
Join the Riverfront Times Press Club
Local journalism is information. Information is power. And we believe everyone deserves access to accurate independent coverage of their community and state. Our readers helped us continue this coverage in 2020, and we are so grateful for the support.
Help us keep this coverage going in 2021. Whether it's a one-time acknowledgement of this article or an ongoing membership pledge, your support goes to local-based reporting from our small but mighty team.
Join the Riverfront Times Club for as little as $5 a month.