|        |
|--------|
|        |
|   |

|                                                               |
|---------------------------------------------------------------|
|                                                               |  |
|                                                          |   |
| Delaware                                                      | 42-0823980 |
| (State or other jurisdiction ofincorporation or organization) | (I.R.S. Employer Identification No.) |

|        |
|--------|
|        |  |  |  |  |
|   | Large accelerated filer | [  ] | Accelerated filer | [X] |
|   | Non-accelerated filer | [  ]  (Do not check if a smaller reporting company) | Smaller reporting company | [  ] |

|        |
|--------|
|        |
|   |

----

|                            |
|----------------------------|
|                            |  |  |  |  |
| Table Of Contents          |   | PAGE |
|                       |   |   |
| FORWARD LOOKING STATEMENTS |   | 1 |
|                       |   |   |   |
| PART I                     | FINANCIAL INFORMATION |   | 2 |
|                       |   |   |   |   |
|                       | Item 1. | Financial Statements (unaudited) |   | 2 |
|                       |   |   |   |   |
|                       |   | Consolidated Balance Sheets - March 27, 2011 and September 26, 2010 |   | 2 |
|                       |   |   |   |   |
|                       |   | Consolidated Statements of Operations and Comprehensive Income (Loss) - 13 weeks and 26 weeks ended March 27, 2011 and March 28, 2010 |   | 4 |
|                       |   |   |   |   |
|                       |   | Consolidated Statements of Cash Flows - 26 weeks ended March 27, 2011 and March 28, 2010 |   | 5 |
|                       |   |   |   |   |
|                       |   | Notes to Consolidated Financial Statements |   | 6 |
|                       |   |   |   |   |
|                       | Item 2. | Management's Discussion and Analysis of Financial Condition and Results of Operations |   | 18 |
|                       |   |   |   |   |
|                       | Item 3. | Quantitative and Qualitative Disclosures About Market Risk |   | 32 |
|                       |   |   |   |   |
|                       | Item 4. | Controls and Procedures |   | 33 |
|                       |   |   |   |   |
| PART II                    | OTHER INFORMATION |   | 33 |
|                       |   |   |   |   |
|                       | Item 1. | Legal Proceedings |   | 33 |
|                       |   |   |   |   |
|                       | Item 6. | Exhibits |   | 33 |
|                       |   |   |   |   |
| SIGNATURES                 |   |   | 33 |

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|                                 |
|---------------------------------|
|                                 |  |  |  |  |
| (Thousands of Dollars)          | March 27 2011 |   | September 26 2010 |   |
|                            |   |   |
| ASSETS                          |   |   |
|                            |   |   |
| Current assets:                 |   |   |
| Cash and cash equivalents       | 24,897 |   | 19,422 |   |
| Accounts receivable, net        | 68,901 |   | 77,558 |   |
| Inventories                     | 10,428 |   | 10,822 |   |
| Deferred income taxes           | 2,687 |   | 2,687 |   |
| Other                           | 9,703 |   | 11,128 |   |
| Total current assets            | 116,616 |   | 121,617 |   |
| Investments:                    |   |   |
| Associated companies            | 57,891 |   | 58,122 |   |
| Restricted cash and investments | 5,101 |   | 9,623 |   |
| Other                           | 9,270 |   | 9,594 |   |
| Total investments               | 72,262 |   | 77,339 |   |
| Property and equipment:         |   |   |
| Land and improvements           | 27,411 |   | 28,075 |   |
| Buildings and improvements      | 192,988 |   | 194,344 |   |
| Equipment                       | 316,510 |   | 316,697 |   |
| Construction in process         | 1,546 |   | 811 |   |
|                            | 538,455 |   | 539,927 |   |
| Less accumulated depreciation   | 316,319 |   | 304,527 |   |
| Property and equipment, net     | 222,136 |   | 235,400 |   |
| Goodwill                        | 433,552 |   | 433,552 |   |
| Other intangible assets, net    | 535,656 |   | 558,140 |   |
| Postretirement assets, net      | 11,214 |   | — |   |
| Other                           | 10,460 |   | 14,068 |   |
|                            |   |   |
|                            |   |   |
|                            |   |   |
|                            |   |   |
|                            |   |   |
|                            |   |   |
|                            |   |   |
| Total assets                    | 1,401,896 |   | 1,440,116 |   |

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|                                                                                       |
|---------------------------------------------------------------------------------------|
|                                                                                       |  |  |  |  |
| (Thousands of Dollars and Shares, Except Per Share Data)                              | March 27 2011 |   | September 26 2010 |   |
|                                                                                  |   |   |
| LIABILITIES AND EQUITY                                                                |   |   |
|                                                                                  |   |   |
| Current liabilities:                                                                  |   |   |
| Current maturities of long-term debt                                                  | 92,000 |   | 81,500 |   |
| Accounts payable                                                                      | 23,966 |   | 30,529 |   |
| Compensation and other accrued liabilities                                            | 36,362 |   | 38,117 |   |
| Income taxes payable                                                                  | 363 |   | 1,082 |   |
| Unearned revenue                                                                      | 38,305 |   | 36,624 |   |
| Total current liabilities                                                             | 190,996 |   | 187,852 |   |
| Long-term debt, net of current maturities                                             | 934,324 |   | 1,000,927 |   |
| Pension obligations                                                                   | 53,952 |   | 54,566 |   |
| Postretirement and postemployment benefit obligations                                 | 5,962 |   | 9,979 |   |
| Deferred income taxes                                                                 | 112,275 |   | 102,616 |   |
| Income taxes payable                                                                  | 12,244 |   | 11,919 |   |
| Other                                                                                 | 14,489 |   | 15,150 |   |
| Total liabilities                                                                     | 1,324,242 |   | 1,383,009 |   |
| Equity:                                                                               |   |   |
| Stockholders' equity:                                                                 |   |   |
| Serial convertible preferred stock, no par value; authorized 500 shares; none issued  | — |   | — |   |
| Common Stock, $2 par value; authorized 120,000 shares; issued and outstanding:        | 89,730 |   | 78,554 |   |
| March 27, 2011; 44,865 shares;                                                        |   |   |
| September 26, 2010; 39,277 shares                                                     |   |   |
| Class B Common Stock, $2 par value; authorized 30,000 shares; issued and outstanding: | — |   | 11,352 |   |
| September 26, 2010; 5,676 shares                                                      |   |   |   |   |
| Additional paid-in capital                                                            | 140,452 |   | 139,460 |   |
| Accumulated deficit                                                                   | (161,722 | ) | (179,194 | ) |
| Accumulated other comprehensive income                                                | 8,862 |   | 6,651 |   |
| Total stockholders' equity                                                            | 77,322 |   | 56,823 |   |
| Non-controlling interests                                                             | 332 |   | 284 |   |
| Total equity                                                                          | 77,654 |   | 57,107 |   |
| Total liabilities and equity                                                          | 1,401,896 |   | 1,440,116 |   |

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|                                                             |
|-------------------------------------------------------------|
|                                                             |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                        | 13 Weeks Ended |   |   | 26 Weeks Ended |   |   |
| (Thousands of Dollars, Except Per Common Share Data)        | March 27 2011 |   |   | March 28 2010 |   |   | March 27 2011 |   |   | March 28 2010 |   |   |
|                                                        |   |   |   |   |   |   |   |   |
| Operating revenue:                                          |   |   |   |   |   |   |   |   |
| Advertising                                                 | 124,053 |   |   | 130,563 |   |   | 275,821 |   |   | 284,965 |   |   |
| Circulation                                                 | 44,821 |   |   | 45,018 |   |   | 90,298 |   |   | 90,133 |   |   |
| Other                                                       | 9,852 |   |   | 10,163 |   |   | 20,274 |   |   | 20,484 |   |   |
| Total operating revenue                                     | 178,726 |   |   | 185,744 |   |   | 386,393 |   |   | 395,582 |   |   |
| Operating expenses:                                         |   |   |   |   |   |   |   |   |
| Compensation                                                | 76,529 |   |   | 79,298 |   |   | 154,549 |   |   | 161,433 |   |   |
| Newsprint and ink                                           | 14,849 |   |   | 13,061 |   |   | 30,523 |   |   | 25,754 |   |   |
| Other operating expenses                                    | 57,476 |   |   | 59,793 |   |   | 117,144 |   |   | 121,270 |   |   |
| Depreciation                                                | 7,293 |   |   | 7,172 |   |   | 13,816 |   |   | 14,535 |   |   |
| Amortization of intangible assets                           | 11,201 |   |   | 11,307 |   |   | 22,484 |   |   | 22,627 |   |   |
| Impairment of goodwill and other assets                     | — |   |   | 3,290 |   |   | — |   |   | 3,290 |   |   |
| Workforce adjustments                                       | 443 |   |   | 290 |   |   | 635 |   |   | 687 |   |   |
| Total operating expenses                                    | 167,791 |   |   | 174,211 |   |   | 339,151 |   |   | 349,596 |   |   |
| Curtailment gains                                           | 1,991 |   |   | 13,882 |   |   | 12,163 |   |   | 45,012 |   |   |
| Equity in earnings of associated companies                  | 1,148 |   |   | 1,277 |   |   | 3,852 |   |   | 3,466 |   |   |
| Operating income                                            | 14,074 |   |   | 26,692 |   |   | 63,257 |   |   | 94,464 |   |   |
| Non-operating income (expense):                             |   |   |   |   |   |   |   |   |
| Financial income                                            | 18 |   |   | 146 |   |   | 77 |   |   | 199 |   |   |
| Financial expense                                           | (13,140 | ) |   | (15,643 | ) |   | (26,578 | ) |   | (35,448 | ) |   |
| Debt financing costs                                        | (1,895 | ) |   | (1,972 | ) |   | (3,861 | ) |   | (3,967 | ) |   |
| Other, net                                                  | (231 | ) |   | — |   |   | (684 | ) |   | — |   |   |
| Total non-operating expense, net                            | (15,248 | ) |   | (17,469 | ) |   | (31,046 | ) |   | (39,216 | ) |   |
| Income (loss) before income taxes                           | (1,174 | ) |   | 9,223 |   |   | 32,211 |   |   | 55,248 |   |   |
| Income tax expense                                          | 275 |   |   | 6,241 |   |   | 14,682 |   |   | 24,309 |   |   |
| Net income (loss)                                           | (1,449 | ) |   | 2,982 |   |   | 17,529 |   |   | 30,939 |   |   |
| Net (income) loss attributable to non-controlling interests | (23 | ) |   | 9 |   |   | (58 | ) |   | (42 | ) |   |
| Income (loss) attributable to Lee Enterprises, Incorporated | (1,472 | ) |   | 2,991 |   |   | 17,471 |   |   | 30,897 |   |   |
| Other comprehensive income (loss), net                      | (3,274 | ) |   | (9,335 | ) |   | 2,211 |   |   | (8,541 | ) |   |
| Comprehensive income (loss)                                 | (4,746 | ) |   | (6,344 | ) |   | 19,682 |   |   | 22,356 |   |   |
|                                                        |   |   |   |   |   |   |   |   |
| Earnings (loss) per common share:                           |   |   |   |   |   |   |   |   |
| Basic                                                       | (0.03 | ) |   | 0.07 |   |   | 0.39 |   |   | 0.69 |   |   |
| Diluted                                                     | (0.03 | ) |   | 0.07 |   |   | 0.39 |   |   | 0.69 |   |   |

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|                                                                                   |
|-----------------------------------------------------------------------------------|
|                                                                                   |  |  |  |  |
|                                                                              | 26 Weeks Ended |   |
| (Thousands of Dollars)                                                            | March 27 2011 |   | March 28 2010 |   |
|                                                                              |   |   |
| Cash provided by (required for) operating activities:                             |   |   |
| Net income                                                                        | 17,529 |   | 30,939 |   |
| Adjustments to reconcile net income to net cash provided by operating activities: |   |   |
| Depreciation and amortization                                                     | 36,300 |   | 37,162 |   |
| Impairment of goodwill and other assets                                           | — |   | 3,290 |   |
| Curtailment gains                                                                 | (12,163 | ) | (45,012 | ) |
| Accretion of debt fair value adjustment                                           | (273 | ) | (310 | ) |
| Stock compensation expense                                                        | 775 |   | 1,144 |   |
| Distributions less than current earnings of MNI                                   | (48 | ) | (648 | ) |
| Deferred income tax expense                                                       | 7,904 |   | 18,581 |   |
| Debt financing costs                                                              | 3,787 |   | 3,937 |   |
| Changes in operating assets and liabilities:                                      |   |   |
| Decrease in receivables                                                           | 8,657 |   | 10,401 |   |
| Decrease (increase) in inventories and other                                      | 2,118 |   | (388 | ) |
| Decrease in accounts payable, accrued expenses and unearned revenue               | (6,637 | ) | (9,562 | ) |
| Increase (decrease) in pension, postretirement and post employment benefits       | 284 |   | (406 | ) |
| Change in income taxes receivable or payable                                      | (394 | ) | 1,439 |   |
| Other, net                                                                        | (560 | ) | (48 | ) |
| Net cash provided by operating activities                                         | 57,279 |   | 50,519 |   |
| Cash provided by (required for) investing activities:                             |   |   |
| Purchases of property and equipment                                               | (2,238 | ) | (4,806 | ) |
| Decrease (increase) in restricted cash                                            | 4,522 |   | (49 | ) |
| Proceeds from sales of assets                                                     | 1,789 |   | 625 |   |
| Distributions greater than current earnings of TNI                                | 279 |   | 296 |   |
| Net cash provided by (required for) investing activities                          | 4,352 |   | (3,934 | ) |
| Cash provided by (required for) financing activities:                             |   |   |
| Proceeds from long-term debt                                                      | 21,000 |   | 67,800 |   |
| Payments on long-term debt                                                        | (76,830 | ) | (102,104 | ) |
| Debt financing costs paid                                                         | (116 | ) | — |   |
| Common stock transactions, net                                                    | (210 | ) | (166 | ) |
| Net cash required for financing activities                                        | (56,156 | ) | (34,470 | ) |
| Net increase in cash and cash equivalents                                         | 5,475 |   | 12,115 |   |
| Cash and cash equivalents:                                                        |   |   |
| Beginning of period                                                               | 19,422 |   | 7,905 |   |
| End of period                                                                     | 24,897 |   | 20,020 |   |

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|   |                       |
|---|-----------------------|
| 1 | BASIS OF PRESENTATION |

|   |                                     |
|---|-------------------------------------|
| 2 | INVESTMENTS IN ASSOCIATED COMPANIES |

|        |
|--------|
|        |  |  |  |  |  |  |  |  |  |
|   |   | 13 Weeks Ended |   | 26 Weeks Ended |   |
|   | (Thousands of Dollars) | March 27 2011 |   | March 28 2010 |   | March 27 2011 |   | March 28 2010 |   |
|   |   |   |   |   |   |
|   | Operating revenue | 15,785 |   | 16,282 |   | 33,017 |   | 34,088 |   |
|   | Operating expenses, excluding workforce adjustments, depreciation and amortization | 13,707 |   | 14,034 |   | 27,161 |   | 28,773 |   |
|   | Workforce adjustments | — |   | — |   | 232 |   | 783 |   |
|   | Operating income | 2,078 |   | 2,248 |   | 5,624 |   | 4,532 |   |
|   |   |   |   |   |   |
|   | Company's 50% share of operating income | 1,039 |   | 1,124 |   | 2,812 |   | 2,266 |   |
|   | Less amortization of intangible assets | 304 |   | 304 |   | 608 |   | 548 |   |
|   | Equity in earnings of TNI | 735 |   | 820 |   | 2,204 |   | 1,718 |   |

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|        |
|--------|
|        |  |  |  |  |  |  |  |  |  |
|   |   | 13 Weeks Ended |   | 26 Weeks Ended |   |
|   | (Thousands of Dollars) | March 27 2011 |   | March 28 2010 |   | March 27 2011 |   | March 28 2010 |   |
|   |   |   |   |   |   |
|   | Operating revenue | 17,344 |   | 17,573 |   | 37,544 |   | 38,170 |   |
|   | Operating expenses, excluding workforce adjustments, depreciation and amortization | 15,444 |   | 15,565 |   | 31,129 |   | 31,388 |   |
|   | Workforce adjustments | 116 |   | 16 |   | 132 |   | 16 |   |
|   | Depreciation and amortization | 513 |   | 576 |   | 1,028 |   | 1,152 |   |
|   | Operating income | 1,271 |   | 1,416 |   | 5,255 |   | 5,614 |   |
|   |   |   |   |   |   |
|   | Net income | 826 |   | 914 |   | 3,296 |   | 3,496 |   |
|   |   |   |   |   |   |
|   | Equity in earnings of MNI | 413 |   | 457 |   | 1,648 |   | 1,748 |   |

|   |                                      |
|---|--------------------------------------|
| 3 | GOODWILL AND OTHER INTANGIBLE ASSETS |

|        |
|--------|
|        |  |  |  |  |  |
|   | (Thousands of Dollars) | March 27 2011 |   | September 26 2010 |   |
|   |   |   |   |
|   | Nonamortized intangible assets: |   |   |
|   | Mastheads | 44,754 |   | 44,754 |   |
|   | Amortizable intangible assets: |   |   |
|   | Customer and newspaper subscriber lists | 885,713 |   | 885,713 |   |
|   | Less accumulated amortization | 394,813 |   | 372,337 |   |
|   |   | 490,900 |   | 513,376 |   |
|   | Noncompete and consulting agreements | 28,658 |   | 28,658 |   |
|   | Less accumulated amortization | 28,656 |   | 28,648 |   |
|   |   | 2 |   | 10 |   |
|   |   | 535,656 |   | 558,140 |   |

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|   |      |
|---|------|
| 4 | DEBT |

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|        |
|--------|
|        |  |  |  |  |  |  |  |
|   |   |   |   | Interest Rates |   |
|   | (Thousands of Dollars) | March 27 2011 |   | September 26 2010 |   | March 27 2011 |   |
|   |   |   |   |   |
|   | Credit Agreement: |   |   |   |
|   | A Term Loan | 604,335 |   | 635,665 |   | 4.25 |   |
|   | Revolving credit facility | 274,425 |   | 285,425 |   | 4.25 |   |
|   | Pulitzer Notes: |   |   |   |
|   | Principal amount | 147,000 |   | 160,500 |   | 9.55 |   |
|   | Unaccreted fair value adjustment | 564 |   | 837 |   |   |
|   |   | 1,026,324 |   | 1,082,427 |   |   |
|   | Less current maturities | 92,000 |   | 81,500 |   |   |
|   |   | 934,324 |   | 1,000,927 |   |   |

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|   |                                                                  |
|---|------------------------------------------------------------------|
| 5 | PENSION, POSTRETIREMENT AND POSTEMPLOYMENT DEFINED BENEFIT PLANS |

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Table of Contents

|        |
|--------|
|        |  |  |  |  |  |  |  |  |  |
|   | PENSION PLANS |
|   |   | 13 Weeks Ended |   | 26 Weeks Ended |   |
|   | (Thousands of Dollars) | March 27 2011 |   | March 28 2010 |   | March 27 2011 |   | March 28 2010 |   |
|   |   |   |   |   |   |
|   | Service cost for benefits earned during the period | 60 |   | 333 |   | 120 |   | 667 |   |
|   | Interest cost on projected benefit obligation | 2,071 |   | 2,227 |   | 4,142 |   | 4,454 |   |
|   | Expected return on plan assets | (2,397 | ) | (2,365 | ) | (4,794 | ) | (4,731 | ) |
|   | Amortization of net loss | 213 |   | 113 |   | 426 |   | 226 |   |
|   | Amortization of prior service benefit | (34 | ) | (34 | ) | (68 | ) | (68 | ) |
|   | Curtailment gains | — |   | (2,004 | ) | — |   | (2,004 | ) |
|   |   | (87 | ) | (1,730 | ) | (174 | ) | (1,456 | ) |
|   |   |   |   |   |   |
|   | POSTRETIREMENT MEDICAL PLANS |
|   |   | 13 Weeks Ended |   | 26 Weeks Ended |   |
|   | (Thousands of Dollars) | March 27 2011 |   | March 28 2010 |   | March 27 2011 |   | March 28 2010 |   |
|   |   |   |   |   |   |
|   | Service cost for benefits earned during the period | 241 |   | 137 |   | 483 |   | 327 |   |
|   | Interest cost on projected benefit obligation | 405 |   | 695 |   | 928 |   | 1,771 |   |
|   | Expected return on plan assets | (551 | ) | (584 | ) | (1,113 | ) | (1,131 | ) |
|   | Amortization of net gain | (628 | ) | (636 | ) | (1,274 | ) | (1,190 | ) |
|   | Amortization of prior service benefit | (374 | ) | (567 | ) | (710 | ) | (1,199 | ) |
|   | Curtailment gains | (1,991 | ) | (11,878 | ) | (12,163 | ) | (43,008 | ) |
|   |   | (2,898 | ) | (12,833 | ) | (13,849 | ) | (44,430 | ) |

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|   |              |
|---|--------------|
| 6 | INCOME TAXES |

|        |
|--------|
|        |  |  |  |  |  |  |  |  |
|   |   | 13 Weeks Ended |   | 26 Weeks Ended |   |
|   | (Percent of Income Before Income Taxes) | March 27 2011 |   | March 28 2010 |   | March 27 2011 | March 28 2010 |   |
|   |   |   |   |   |   |
|   | Computed “expected” income tax expense (benefit) | (35.0 | ) | 35.0 |   | 35.0 | 35.0 |   |
|   | State income taxes, net of federal tax benefit | (3.0 | ) | 3.0 |   | 3.0 | 3.0 |   |
|   | Restricted Common Stock | — |   | 0.1 |   | 4.4 | 2.4 |   |
|   | Medicare Part D | — |   | 39.7 |   | 0.3 | 6.6 |   |
|   | Other | 61.4 |   | (10.1 | ) | 2.9 | (3.0 | ) |
|   |   | 23.4 |   | 67.7 |   | 45.6 | 44.0 |   |

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|   |                                  |
|---|----------------------------------|
| 7 | EARNINGS (LOSS) PER COMMON SHARE |

|        |
|--------|
|        |  |  |  |  |  |  |  |  |  |
|   |   | 13 Weeks Ended |   | 26 Weeks Ended |   |
|   | (Thousands of Dollars and Shares, Except Per Share Data) | March 27 2011 |   | March 28 2010 |   | March 27 2011 |   | March 28 2010 |   |
|   |   |   |   |   |   |
|   | Income (loss) attributable to Lee Enterprises, Incorporated: | (1,472 | ) | 2,991 |   | 17,471 |   | 30,897 |   |
|   |   |   |   |   |   |
|   | Weighted average common shares | 44,855 |   | 44,873 |   | 44,897 |   | 44,883 |   |
|   | Less non-vested restricted Common Stock | — |   | 310 |   | 131 |   | 336 |   |
|   | Basic average common shares | 44,855 |   | 44,563 |   | 44,766 |   | 44,547 |   |
|   | Dilutive stock options and restricted Common Stock | — |   | 394 |   | 2 |   | 313 |   |
|   | Diluted average common shares | 44,855 |   | 44,957 |   | 44,768 |   | 44,860 |   |
|   |   |   |   |   |   |
|   | Earnings (loss) per common share: |   |   |   |   |
|   |     Basic | (0.03 | ) | 0.07 |   | 0.39 |   | 0.69 |   |
|   |     Diluted | (0.03 | ) | 0.07 |   | 0.39 |   | 0.69 |   |

|   |                       |
|---|-----------------------|
| 8 | STOCK OWNERSHIP PLANS |

|        |
|--------|
|        |  |  |  |  |  |  |  |  |  |
|   | (Thousands of Dollars and Shares, Except Per Share Data) | Shares |   | WeightedAverageExercise Price |   | WeightedAverageRemainingContractualTerm (Years) |   | AggregateIntrinsicValue |   |
|   |   |   |   |   |   |
|   | Outstanding, September 26, 2010 | 940 |   | 8.77 |   |   |   |
|   | Granted | 1,105 |   | 2.57 |   |   |   |
|   | Exercised | (13 | ) | 2.19 |   |   |   |
|   | Cancelled | (88 | ) | 6.36 |   |   |   |
|   | Outstanding, March 27, 2011 | 1,944 |   | 5.40 |   | 8.5 |   | 580 |   |
|   |   |   |   |   |   |
|   | Exercisable, March 27, 2011 | 395 |   | 17.12 |   | 6.1 |   | 134 |   |

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|        |
|--------|
|        |  |  |  |  |
|   |   |   |   |
|   | Volatility (Percent) |   | 111 |   |
|   | Risk-free interest rate (Percent) |   | 1.01 |   |
|   | Expected term (Years) |   | 4.7 |   |
|   | Estimated fair value (Dollars) |   | 2.00 |   |

|        |
|--------|
|        |  |  |  |  |  |
|   | (Thousands of Shares, Except Per Share Data) | Shares |   | WeightedAverage Grant DateFair Value |   |
|   |   |   |   |
|   | Outstanding, September 26, 2010 | 299 |   | 15.02 |   |
|   | Vested | (297 | ) | 15.02 |   |
|   | Forfeited | (2 | ) | 15.02 |   |
|   | Outstanding, March 27, 2011 | — |   | — |   |

|   |                         |
|---|-------------------------|
| 9 | FAIR VALUE MEASUREMENTS |

|        |
|--------|
|        |  |  |  |  |  |
|   | (Thousands of Dollars) |   | Level 3 |   | Total |
|   |   |   |   |   |
|   | Herald Value - liability (see Note 10) |   | 2,300 |   | 2,300 |

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|    |                                        |
|----|----------------------------------------|
| 10 | COMMITMENTS AND CONTINGENT LIABILITIES |

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|    |                                       |
|----|---------------------------------------|
| 11 | COMMON STOCK AND CLASS B COMMON STOCK |

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|                                            |
|--------------------------------------------|
|                                            |  |  |  |  |  |  |  |  |
|                                       |            13 Weeks Ended |   |
| (Thousands of Dollars)                     | March 27 2011 |   | Percent ofRevenue |   | March 28 2010 |   | Percent ofRevenue |   |
|                                       |   |   |   |   |
| Operating cash flow                        | 29,429 |   | 16.5 |   | 33,302 |   | 17.9 |   |
| Depreciation and amortization              | (18,494 | ) | (10.3 | ) | (18,479 | ) | (9.9 | ) |
| Impairment of goodwill and other assets    | — |   | — |   | (3,290 | ) | (1.8 | ) |
| Curtailment gains                          | 1,991 |   | 1.1 |   | 13,882 |   | 7.5 |   |
| Equity in earnings of associated companies | 1,148 |   | 0.6 |   | 1,277 |   | 0.7 |   |
| Operating income                           | 14,074 |   | 7.9 |   | 26,692 |   | 14.4 |   |

|                                            |
|--------------------------------------------|
|                                            |  |  |  |  |  |  |  |  |
|                                       |            26 Weeks Ended |   |
| (Thousands of Dollars)                     | March 27 2011 |   | Percent ofRevenue |   | March 28 2010 |   | Percent ofRevenue |   |
|                                       |   |   |   |   |
| Operating cash flow                        | 83,542 |   | 21.6 |   | 86,438 |   | 21.9 |   |
| Depreciation and amortization              | (36,300 | ) | (9.4 | ) | (37,162 | ) | (9.4 | ) |
| Impairment of goodwill and other assets    | — |   | — |   | (3,290 | ) | (0.8 | ) |
| Curtailment gains                          | 12,163 |   | 3.1 |   | 45,012 |   | 11.4 |   |
| Equity in earnings of associated companies | 3,852 |   | 1.0 |   | 3,466 |   | 0.9 |   |
| Operating income                           | 63,257 |   | 16.4 |   | 94,464 |   | 23.9 |   |

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|         |                                                                                                                                                                                       |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | 53 daily and 40 Sunday newspapers with average total circulation of 1.4 and 1.7 million, respectively, for the six months ended March 2011, read by nearly 4 million people in print; |

|         |                                                                                                                                                                                           |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Websites that complement our newspapers which attracted almost 25 million unique visitors in the month of March 2011, a 54% increase from March 2010, with nearly 227 million page views; |

|         |                                                                                                                    |
|---------|--------------------------------------------------------------------------------------------------------------------|
| • | Mobile sites in all of our markets that attracted 16 million views in March 2011, a 254% increase from March 2010; |

|         |                                          |
|---------|------------------------------------------|
| • | Smartphone applications in 38 locations; |

|         |                                                          |
|---------|----------------------------------------------------------|
| • | Tablet applications in operation and in development; and |

|         |                                                                     |
|---------|---------------------------------------------------------------------|
| • | Nearly 300 weekly newspapers and classified and niche publications. |

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|                                                             |
|-------------------------------------------------------------|
|                                                             |  |  |  |  |  |  |
|                                                        | 13 Weeks Ended |   |
| (Thousands of Dollars, Except Per Share Data)               | March 27 2011 |   | March 28 2010 |   | Percent Change |   |
|                                                        |   |   |   |
| Advertising revenue:                                        |   |   |   |
| Retail                                                      | 67,512 |   | 73,536 |   | (8.2 | ) |
| Classified:                                                 |   |   |   |
| Daily newspapers:                                           |   |   |   |
| Employment                                                  | 5,613 |   | 5,110 |   | 9.9 |   |
| Automotive                                                  | 5,735 |   | 5,879 |   | (2.5 | ) |
| Real estate                                                 | 4,394 |   | 5,764 |   | (23.8 | ) |
| All other                                                   | 10,120 |   | 10,512 |   | (3.7 | ) |
| Other publications                                          | 6,331 |   | 6,649 |   | (4.8 | ) |
| Total classified                                            | 32,193 |   | 33,914 |   | (5.1 | ) |
| Digital                                                     | 14,288 |   | 11,314 |   | 26.3 |   |
| National                                                    | 6,758 |   | 8,734 |   | (22.6 | ) |
| Niche publications                                          | 3,302 |   | 3,065 |   | 7.7 |   |
| Total advertising revenue                                   | 124,053 |   | 130,563 |   | (5.0 | ) |
| Circulation                                                 | 44,821 |   | 45,018 |   | (0.4 | ) |
| Commercial printing                                         | 2,891 |   | 2,696 |   | 7.2 |   |
| Digital services and other                                  | 6,961 |   | 7,467 |   | (6.8 | ) |
| Total operating revenue                                     | 178,726 |   | 185,744 |   | (3.8 | ) |
| Compensation                                                | 76,529 |   | 79,298 |   | (3.5 | ) |
| Newsprint and ink                                           | 14,849 |   | 13,061 |   | 13.7 |   |
| Other operating expenses                                    | 57,476 |   | 59,793 |   | (3.9 | ) |
| Workforce adjustments                                       | 443 |   | 290 |   | 52.8 |   |
|                                                        | 149,297 |   | 152,442 |   | (2.1 | ) |
| Operating cash flow                                         | 29,429 |   | 33,302 |   | (11.6 | ) |
| Depreciation and amortization                               | 18,494 |   | 18,479 |   | 0.1 |   |
| Impairment of goodwill and other assets                     | — |   | 3,290 |   | NM |   |
| Curtailment gains                                           | 1,991 |   | 13,882 |   | (85.7 | ) |
| Equity in earnings of associated companies                  | 1,148 |   | 1,277 |   | (10.1 | ) |
| Operating income                                            | 14,074 |   | 26,692 |   | (47.3 | ) |
| Non-operating expense, net                                  | (15,248 | ) | (17,469 | ) | (12.7 | ) |
| Income (loss) before income taxes                           | (1,174 | ) | 9,223 |   | NM |   |
| Income tax expense                                          | 275 |   | 6,241 |   | (95.6 | ) |
| Net income (loss)                                           | (1,449 | ) | 2,982 |   | NM |   |
| Net (income) loss attributable to non-controlling interests | (23 | ) | 9 |   | NM |   |
| Income (loss) attributable to Lee Enterprises, Incorporated | (1,472 | ) | 2,991 |   | NM |   |
| Other comprehensive loss, net                               | (3,274 | ) | (9,335 | ) | (64.9 | ) |
| Comprehensive loss                                          | (4,746 | ) | (6,344 | ) | (25.2 | ) |
|                                                        |   |   |   |
| Earnings (loss) per common share:                           |   |   |   |
| Basic                                                       | (0.03 | ) | 0.07 |   | NM |   |
| Diluted                                                     | (0.03 | ) | 0.07 |   | NM |   |

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|                        |
|------------------------|
|                        |  |  |  |  |  |  |
|                   | 13 Weeks Ended |   |
| (Thousands of Dollars) | March 27 2011 |   | March 28 2010 |   | Percent Change |   |
|                   |   |   |   |
| Retail                 | 72,918 |   | 77,013 |   | (5.3 | ) |
| Classified:            |   |   |   |
| Employment             | 9,203 |   | 8,493 |   | 8.4 |   |
| Automotive             | 10,326 |   | 10,002 |   | 3.2 |   |
| Real estate            | 5,909 |   | 7,717 |   | (23.4 | ) |
| Other                  | 14,588 |   | 15,097 |   | (3.4 | ) |
| Total classified       | 40,026 |   | 41,309 |   | (3.1 | ) |
| National               | 7,807 |   | 9,174 |   | (14.9 | ) |

|                       |
|-----------------------|
|                       |  |  |  |  |  |  |
|                  | 13 Weeks Ended |   |
| (Thousands of Inches) | March 27 2011 |   | March 28 2010 |   | Percent Change |   |
|                  |   |   |   |
| Retail                | 2,336 |   | 2,380 |   | (1.8 | ) |
| Classified            | 2,607 |   | 2,555 |   | 2.1 |   |
| National              | 93 |   | 119 |   | (22.3 | ) |
|                  | 5,036 |   | 5,054 |   | (0.3 | ) |

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|                                                                              |
|------------------------------------------------------------------------------|
|                                                                              |  |  |  |  |  |  |  |  |
|                                                                         | 13 Weeks Ended |   |
|                                                                         | March 27 2011 |   | March 28 2010 |   |
| (Thousands of Dollars, Except Per Share Data)                                | Amount |   | Per Share |   | Amount |   | Per Share |   |
|                                                                         |   |   |   |   |
| Income (loss) attributable to Lee Enterprises, Incorporated,  as reported    | (1,472 | ) | (0.03 | ) | 2,991 |   | 0.07 |   |
| Adjustments(1)   :                                                           |   |   |   |   |
| Impairment of goodwill and other assets                                      | — |   |   | 3,290 |   |   |
| Curtailment gains                                                            | (1,991 | ) |   | (13,882 | ) |   |
| Other, net                                                                   | 477 |   |   | 306 |   |   |
|                                                                         | (1,514 | ) |   | (10,286 | ) |   |
| Income tax effect of adjustments, net, and other unusual tax matters         | 845 |   |   | 7,925 |   |   |
|                                                                         | (669 | ) | (0.01 | ) | (2,361 | ) | (0.05 | ) |
| Income (loss) attributable to Lee Enterprises, Incorporated, as adjusted (1) | (2,141 | ) | (0.05 | ) | 630 |   | 0.01 |   |

|     |
|-----|
|     |  |
| (1) | In 2010 and 2009, adjusted earnings and adjusted earnings per common share included adjustments to remove debt financing costs, due to significant debt financing costs charged to expense in 2009.  2011 and 2010 debt financing costs do not contain any unusual comparative differences.  Accordingly, this adjustment has been removed.  As a result, 2010 adjusted earnings and adjusted earnings per common share will differ from amounts previously reported. |

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|                                                      |
|------------------------------------------------------|
|                                                      |  |  |  |  |  |  |
|                                                 | 26 Weeks Ended |   |
| (Thousands of Dollars, Except Per Share Data)        | March 27 2011 |   | March 28 2010 |   | Percent Change |   |
|                                                 |   |   |   |
| Advertising revenue:                                 |   |   |   |
| Retail                                               | 159,003 |   | 168,315 |   | (5.5 | ) |
| Classified:                                          |   |   |   |
| Daily newspapers:                                    |   |   |   |
| Employment                                           | 10,857 |   | 9,899 |   | 9.7 |   |
| Automotive                                           | 11,692 |   | 12,284 |   | (4.8 | ) |
| Real estate                                          | 9,390 |   | 12,135 |   | (22.6 | ) |
| All other                                            | 21,209 |   | 21,691 |   | (2.2 | ) |
| Other publications                                   | 12,732 |   | 13,248 |   | (3.9 | ) |
| Total classified                                     | 65,880 |   | 69,257 |   | (4.9 | ) |
| Digital                                              | 28,963 |   | 21,963 |   | 31.9 |   |
| National                                             | 15,761 |   | 19,379 |   | (18.7 | ) |
| Niche publications                                   | 6,214 |   | 6,051 |   | 2.7 |   |
| Total advertising revenue                            | 275,821 |   | 284,965 |   | (3.2 | ) |
| Circulation                                          | 90,298 |   | 90,133 |   | 0.2 |   |
| Commercial printing                                  | 5,943 |   | 5,627 |   | 5.6 |   |
| Digital services and other                           | 14,331 |   | 14,857 |   | (3.5 | ) |
| Total operating revenue                              | 386,393 |   | 395,582 |   | (2.3 | ) |
| Compensation                                         | 154,549 |   | 161,433 |   | (4.3 | ) |
| Newsprint and ink                                    | 30,523 |   | 25,754 |   | 18.5 |   |
| Other operating expenses                             | 117,144 |   | 121,270 |   | (3.4 | ) |
| Workforce adjustments                                | 635 |   | 687 |   | (7.6 | ) |
|                                                 | 302,851 |   | 309,144 |   | (2.0 | ) |
| Operating cash flow                                  | 83,542 |   | 86,438 |   | (3.4 | ) |
| Depreciation and amortization                        | 36,300 |   | 37,162 |   | (2.3 | ) |
| Impairment of goodwill and other assets              | — |   | 3,290 |   | NM |   |
| Curtailment gains                                    | 12,163 |   | 45,012 |   | (73.0 | ) |
| Equity in earnings of associated companies           | 3,852 |   | 3,466 |   | 11.1 |   |
| Operating income                                     | 63,257 |   | 94,464 |   | (33.0 | ) |
| Non-operating expense, net                           | (31,046 | ) | (39,216 | ) | (20.8 | ) |
| Income before income taxes                           | 32,211 |   | 55,248 |   | (41.7 | ) |
| Income tax expense                                   | 14,682 |   | 24,309 |   | (39.6 | ) |
| Net income                                           | 17,529 |   | 30,939 |   | (43.3 | ) |
| Net income attributable to non-controlling interests | (58 | ) | (42 | ) | 38.1 |   |
| Income attributable to Lee Enterprises, Incorporated | 17,471 |   | 30,897 |   | (43.5 | ) |
| Other comprehensive income (loss), net               | 2,211 |   | (8,541 | ) | NM |   |
| Comprehensive income                                 | 19,682 |   | 22,356 |   | (12.0 | ) |
|                                                 |   |   |   |
| Earnings per common share:                           |   |   |   |
| Basic                                                | 0.39 |   | 0.69 |   | (43.5 | ) |
| Diluted                                              | 0.39 |   | 0.69 |   | (43.5 | ) |

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|                        |
|------------------------|
|                        |  |  |  |  |  |  |
|                   | 26 Weeks Ended |   |
| (Thousands of Dollars) | March 27 2011 |   | March 28 2010 |   | Percent Change |   |
|                   |   |   |   |
| Retail                 | 169,764 |   | 175,125 |   | (3.1 | ) |
| Classified:            |   |   |   |
| Employment             | 17,849 |   | 16,301 |   | 9.5 |   |
| Automotive             | 21,142 |   | 20,369 |   | 3.8 |   |
| Real estate            | 12,631 |   | 16,171 |   | (21.9 | ) |
| Other                  | 30,113 |   | 30,844 |   | (2.4 | ) |
| Total classified       | 81,735 |   | 83,685 |   | (2.3 | ) |
| National               | 18,107 |   | 20,103 |   | (9.9 | ) |

|                       |
|-----------------------|
|                       |  |  |  |  |  |  |
|                  | 26 Weeks Ended |   |
| (Thousands of Inches) | March 27 2011 |   | March 28 2010 |   | Percent Change |   |
|                  |   |   |   |
| Retail                | 5,257 |   | 5,240 |   | 0.3 |   |
| Classified            | 5,301 |   | 5,263 |   | 0.7 |   |
| National              | 209 |   | 271 |   | (22.8 | ) |
|                  | 10,767 |   | 10,774 |   | (0.1 | ) |

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|                                                                       |
|-----------------------------------------------------------------------|
|                                                                       |  |  |  |  |  |  |  |  |
|                                                                  | 26 Weeks Ended |   |
|                                                                  | March 27 2011 |   | March 28 2010 |   |
| (Thousands of Dollars, Except Per Share Data)                         | Amount |   | Per Share |   | Amount |   | Per Share |   |
|                                                                  |   |   |   |   |
| Income attributable to Lee Enterprises, Incorporated,  as reported    | 17,471 |   | 0.39 |   | 30,897 |   | 0.69 |   |
| Adjustments(1)   :                                                    |   |   |   |   |
| Curtailment gains                                                     | (12,163 | ) |   | (45,012 | ) |   |
| Impairment of goodwill and other assets                               | — |   |   | 3,290 |   |   |
| Other, net                                                            | 791 |   |   | 1,095 |   |   |
|                                                                  | (11,372 | ) |   | (40,627 | ) |   |
| Income tax effect of adjustments, net, and other unusual tax matters  | 4,762 |   |   | 20,413 |   |   |
|                                                                  | (6,610 | ) | (0.15 | ) | (20,214 | ) | (0.45 | ) |
| Income attributable to Lee Enterprises, Incorporated, as adjusted (1) | 10,861 |   | 0.24 |   | 10,683 |   | 0.24 |   |

|     |
|-----|
|     |  |
| (1) | In 2010 and 2009, adjusted earnings and adjusted earnings per common share included adjustments to remove debt financing costs, due to significant debt financing costs charged to expense in 2009.  2011 and 2010 debt financing costs do not contain any unusual comparative differences.  Accordingly, this adjustment has been removed.  As a result, 2010 adjusted earnings and adjusted earnings per common share will differ from amounts previously reported. |

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|        |
|--------|
|        |  |  |
| Number |   | Description  |
|   |   |   |
| 31.1   |   | Rule 13a-14(a)/15d-14(a) certification |
| 31.2   |   | Rule 13a-14(a)/15d-14(a) certification |
| 32     |   | Section 1350 certification |

|                                                       |
|-------------------------------------------------------|
|                                                       |  |  |
|                                                  |   |   |
| LEE ENTERPRISES, INCORPORATED                         |   |   |
|                                                  |   |   |
| /s/ Carl G. Schmidt                                   |   | May 6, 2011 |
| Carl G. Schmidt                                       |   |   |
| Vice President, Chief Financial Officer and Treasurer |   |   |
| (Principal Financial and Accounting Officer)          |   |   |