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CONSOLIDATED STATEMENTS OF LOSS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Mar. 24, 2024
Mar. 26, 2023
Mar. 24, 2024
Mar. 26, 2023
Operating revenue:        
Total operating revenue $ 146,550 $ 170,687 $ 302,228 $ 355,818
Operating expenses:        
Compensation 56,803 68,831 116,479 144,277
Newsprint and ink 4,162 6,466 9,005 13,898
Other operating expenses 72,294 82,569 147,070 169,343
Depreciation and amortization 7,293 7,733 14,588 15,619
Assets loss (gain) on sales, impairments and other, net 7,617 (792) 6,148 (3,355)
Restructuring costs and other 4,139 3,694 8,404 4,340
Total operating expenses 152,308 168,501 301,694 344,122
Equity in earnings of associated companies 1,206 672 2,747 2,340
Operating (loss) income (4,552) 2,858 3,281 14,036
Non-operating (expense) income:        
Interest expense (10,214) (10,501) (20,345) (20,909)
Pension and OPEB related benefit and other, net 293 206 479 1,700
Curtailment/Settlement gains 0 0 3,593 0
Total non-operating expense, net (9,921) (10,295) (16,273) (19,209)
Loss before income taxes (14,473) (7,437) (12,992) (5,173)
Income tax benefit (2,837) (2,071) (2,589) (1,631)
Net loss (11,636) (5,366) (10,403) (3,542)
Net income attributable to non-controlling interests (543) (519) (1,088) (1,244)
Loss attributable to Lee Enterprises, Incorporated (12,179) (5,885) (11,491) (4,786)
Other comprehensive loss, net of income taxes (148) (140) (2,462) (280)
Comprehensive loss attributable to Lee Enterprises, Incorporated $ (12,327) $ (6,025) $ (13,953) $ (5,066)
Loss per common share:        
Basic (in dollars per share) $ (2.06) $ (1.01) $ (1.94) $ (0.82)
Diluted (in dollars per share) $ (2.06) $ (1.01) $ (1.94) $ (0.82)
Advertising and marketing services        
Operating revenue:        
Total operating revenue $ 64,134 $ 77,700 $ 135,021 $ 167,285
Subscription        
Operating revenue:        
Total operating revenue 69,227 78,582 140,566 158,281
Other        
Operating revenue:        
Total operating revenue $ 13,189 $ 14,405 $ 26,641 $ 30,252