DAVENPORT, IOWA – Lee Enterprises, the company that owns the Mason City Globe Gazette and other tiny local newspapers, revealed that they shed over 11 per cent of their full-time employees in the last quarter.
In its quarterly report, Lee Enterprises disclosed they rid the company of 11.5% of their full-time employees and disclosed “a reduction in staffing levels” that wasn’t elaborated upon. These staff cuts allowed Lee to decrease compensation costs 9.2%.
Meanwhile, the heavily-indebted company ($499.8 million) apparently continued to distance itself from its printed newspapers as circulation dwindles. Lee admitted that newsprint and ink expense decreased 6.8% on a same property basis, due to a reduction in newsprint volume. However, “Price increases and additional revenue from premium content partially offset revenue lost from lower print circulation volumes.”
Digital retail advertising grew 8.6% in the quarter, but advertising and marketing services revenue combined decreased 9.5%.
No more Golden Penis awards for Peter Children either. What a shame, all good things must come to an end I guess.
several companies have brought in a company that does a overall view of the work force, including mercy medical center, they use a program called LEAN . what exactly is lean and did Lee bring it in. well its LEAN = Less Employees Around Now
The shedding sure didn’t get rid of good old “silly me” John Skipper! He’s still pumping out his hogwash.
Freelancer making enough to buy a cup of coffee now and then. It’s all a facade to make people think he still works there, when he really doesn’t have a job with $499 million debt Lee Enterprises anymore. The building will be for sale before you know it.
Why the “mystery” here? Which “freelancer” are you referring to? As a former Independent Contractor for the Globe Gazette, I was paid quite well for the stories and photos I submitted to the Globe. On an hourly basis, I was paid far more per story and photos than staff reporters. My contributions were a combination of assignments and self-generated items. To the best of MY knowledge, the Globe NEVER utilized/paid ANY “freelancers”. Yes, they DID occasionally accept voluntary submissions from “freelancers”…but they were not paid. So PLEASE explain who/what your comment is about. Just curious… (-:
It will be no loss if the Globe shuts down. It has become a worthless rag that no one with a brain would ever believe.
Well they got rid of one worthless & lying employee years ago..since then he has he has started up up a laughable & bogus website.
Wonder who that might be? 🙂
The Globle is forever alive and well. It lives rent free in little Matties head where it rattles around day and night sharing space with Queen Robin.
Your going to get your ‘preferred’ news off your cell phone. They will selected it for you by artificial intelligence algorithms. Just like Goggle News does now. Freedom of the press is dead. Thought control is now a reality. Welcome to the show. Now read those tailor made ads and buy something. Unwanted solicitation is alive and well in your pocket smartphone dummy. The Globe was a saint compared to the news feeds today. They’re crooks. And your the mark. lmao
A friendly suggestion: Rather than spending so much time posting on here, why don’t take time to enroll in a course that teaches basic English? You know…Things like SPELLING and PUNCTUATION. Trust me: Your comments might be taken more seriously if you were able to express your thoughts like a High School graduate. Or you could AT LEAST install/activate a spell-check program. Firefox is a good search engine…PLUS if set up properly…it will underline misspelled words in red. Right-click on that word…and VOILA!! The correct spelling appears before your very eyes! Then left-click on the NEW word and PRESTO CHANGE-O! That misspelled word is replaced by the correct spelling! PEACE!
If the Globe shuts down and KIMT moves to Rochester, where are we going to get news from certainly not NIT.
Amen. Anyone who thinks that MM will ever fill the void is delusional.
You’re here, and you love it. Don’t be jelly of success and prosperity, just read the stories and be entertained. Welcome home to the only local news source still standing, NIT, the only one not dominated by Robin’s Chamber and the corrupt downtown. I’ll keep you safe.
YES! TELL IT !!! TELL IT !!! I’m a believer!
Soon the lights will flicker and shut off forever at 300 N Wash. It’s over, stick a fork in that place, cancel your subscriptions while you can still argue for a refund. Mr. Mayberry will be sweeping up the Walmart parking lot as his new career, he’ll need a backbrace cuz the work will be long, heavy and sweaty.
If the globe shuts down, which it will, and Mayberry is pushing a broom at Walmart, who will write all the goofy Chamber-sponsored propaganda propping up the Renaissance debacle?
Hopefully all these leftist rags dying will also impact employment at the leftist AP, the source of most of their “news”.
MAGA
Look on the bright side. It was a helluva run spanning probably the best of times ever. Mason City was golden back in the day. There was all sorts characters involved in all sorts of businesses. It was a booming economy that had it all. And the Globe was there. Now the world has turned into a greedy sh!thole filled with no manners. Ah, the good old days. If you weren’t there you missed out. Tough luck kiddo.