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

|                                                               |                                      |
|---------------------------------------------------------------|--------------------------------------|
|                                                          |                                 |
| 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 | [  ] |

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

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|                            |                       |                                                                                                                     |        |        |
|----------------------------|-----------------------|---------------------------------------------------------------------------------------------------------------------|--------|--------|
| Table Of Contents          |                  | PAGE                                                                                                                |
|                       |                  |                                                                                                                |
| FORWARD LOOKING STATEMENTS |                  | 1                                                                                                                   |
|                       |                  |                                                                                                                |   |
| PART I                     | FINANCIAL INFORMATION |                                                                                                                |   |
|                       |                  |                                                                                                                |   |   |
|                       | Item 1.               | Financial Statements (unaudited)                                                                                    |   |   |
|                       |                  |                                                                                                                |   |   |
|                       |                  | Consolidated Balance Sheets - December 26, 2010 and September 26, 2010                                              |   | 2      |
|                       |                  |                                                                                                                |   |   |
|                       |                  | Consolidated Statements of Income and Comprehensive Income - 13 weeks ended December 26, 2010 and December 27, 2009 |   | 4      |
|                       |                  |                                                                                                                |   |   |
|                       |                  | Consolidated Statements of Cash Flows - 13 weeks ended December 26, 2010 and December 27, 2009                      |   | 5      |
|                       |                  |                                                                                                                |   |   |
|                       |                  | Notes to Consolidated Financial Statements                                                                          |   | 6      |
|                       |                  |                                                                                                                |   |   |
|                       | Item 2.               | Management's Discussion and Analysis of Financial Condition and Results of Operations                               |   | 17     |
|                       |                  |                                                                                                                |   |   |
|                       | Item 3.               | Quantitative and Qualitative Disclosures About Market Risk                                                          |   | 25     |
|                       |                  |                                                                                                                |   |   |
|                       | Item 4.               | Controls and Procedures                                                                                             |   | 26     |
|                       |                  |                                                                                                                |   |   |
| PART II                    | OTHER INFORMATION     |                                                                                                                | 26     |
|                       |                  |                                                                                                                |   |   |
|                       | Item 1.               | Legal Proceedings                                                                                                   |   | 26     |
|                       |                  |                                                                                                                |   |   |
|                       | Item 2(c).            | Issuer Purchases of Equity Securities                                                                               |   | 27     |
|                       |                  |                                                                                                                |   |   |
|                       | Item 6.               | Exhibits                                                                                                            |   | 27     |
|                       |                  |                                                                                                                |   |   |
| SIGNATURES                 |                  |                                                                                                                | 27     |

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|                                 |                  |        |                   |        |
|---------------------------------|------------------|--------|-------------------|--------|
| (Thousands of Dollars)          | December 26 2010 |   | September 26 2010 |   |
|                            |             |   |
| ASSETS                          |             |   |
|                            |             |   |
| Current assets:                 |             |   |
| Cash and cash equivalents       | 17,007           |   | 19,422            |   |
| Accounts receivable, net        | 89,253           |   | 77,558            |   |
| Inventories                     | 11,962           |   | 10,822            |   |
| Deferred income taxes           | 2,687            |   | 2,687             |   |
| Other                           | 10,461           |   | 11,128            |   |
| Total current assets            | 131,370          |   | 121,617           |   |
| Investments:                    |             |   |
| Associated companies            | 58,490           |   | 58,122            |   |
| Restricted cash and investments | 5,123            |   | 9,623             |   |
| Other                           | 9,141            |   | 9,594             |   |
| Total investments               | 72,754           |   | 77,339            |   |
| Property and equipment:         |             |   |
| Land and improvements           | 28,075           |   | 28,075            |   |
| Buildings and improvements      | 194,503          |   | 194,344           |   |
| Equipment                       | 316,621          |   | 316,697           |   |
| Construction in process         | 1,453            |   | 811               |   |
|                            | 540,652          |   | 539,927           |   |
| Less accumulated depreciation   | 310,986          |   | 304,527           |   |
| Property and equipment, net     | 229,666          |   | 235,400           |   |
| Goodwill                        | 433,552          |   | 433,552           |   |
| Other intangible assets, net    | 546,857          |   | 558,140           |   |
| Postretirement assets, net      | 7,285            |   | —           |   |
| Other                           | 12,271           |   | 14,068            |   |
|                            |             |   |
|                            |             |   |
|                            |             |   |
|                            |             |   |
|                            |             |   |
|                            |             |   |
|                            |             |   |
|                            |             |   |
| Total assets                    | 1,433,755        |   | 1,440,116         |   |

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|                                                                                       |                  |        |                   |        |
|---------------------------------------------------------------------------------------|------------------|--------|-------------------|--------|
| (Thousands of Dollars and Shares, Except Per Share Data)                              | December 26 2010 |   | September 26 2010 |   |
|                                                                                  |             |   |
| LIABILITIES AND EQUITY                                                                |             |   |
|                                                                                  |             |   |
| Current liabilities:                                                                  |             |   |
| Current maturities of long-term debt                                                  | 83,325           |   | 81,500            |   |
| Accounts payable                                                                      | 25,928           |   | 30,529            |   |
| Compensation and other accrued liabilities                                            | 34,318           |   | 38,117            |   |
| Income taxes payable                                                                  | 7,533            |   | 1,082             |   |
| Unearned revenue                                                                      | 37,706           |   | 36,624            |   |
| Total current liabilities                                                             | 188,810          |   | 187,852           |   |
| Long-term debt, net of current maturities                                             | 969,316          |   | 1,000,927         |   |
| Pension obligations                                                                   | 53,645           |   | 54,566            |   |
| Postretirement and postemployment benefit obligations                                 | 5,737            |   | 9,979             |   |
| Deferred income taxes                                                                 | 106,989          |   | 102,616           |   |
| Income taxes payable                                                                  | 12,113           |   | 11,919            |   |
| Other                                                                                 | 15,043           |   | 15,150            |   |
| Total liabilities                                                                     | 1,351,653        |   | 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:        | 78,478           |   | 78,554            |   |
| December 26, 2010; 39,239 shares;                                                     |             |   |
| September 26, 2010; 39,277 shares                                                     |             |   |
| Class B Common Stock, $2 par value; authorized 30,000 shares; issued and outstanding: | 11,226           |   | 11,352            |   |
| December 26, 2010; 5,613 shares;                                                      |             |   |              |   |
| September 26, 2010; 5,676 shares                                                      |             |   |              |   |
| Additional paid-in capital                                                            | 140,192          |   | 139,460           |   |
| Accumulated deficit                                                                   | (160,249         | )      | (179,194          | )      |
| Accumulated other comprehensive income                                                | 12,136           |   | 6,651             |   |
| Total stockholders' equity                                                            | 81,783           |   | 56,823            |   |
| Non-controlling interests                                                             | 319              |   | 284               |   |
| Total equity                                                                          | 82,102           |   | 57,107            |   |
| Total liabilities and equity                                                          | 1,433,755        |   | 1,440,116         |   |

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|                                                      |                  |        |                  |        |
|------------------------------------------------------|------------------|--------|------------------|--------|
|                                                 | 13 Weeks Ended   |   |
| (Thousands of Dollars, Except Per Common Share Data) | December 26 2010 |   | December 27 2009 |   |
|                                                 |             |   |
| Operating revenue:                                   |             |   |
| Advertising                                          | 151,766          |   | 154,402          |   |
| Circulation                                          | 45,478           |   | 45,115           |   |
| Other                                                | 10,424           |   | 10,321           |   |
| Total operating revenue                              | 207,668          |   | 209,838          |   |
| Operating expenses:                                  |             |   |
| Compensation                                         | 78,020           |   | 82,136           |   |
| Newsprint and ink                                    | 15,674           |   | 12,693           |   |
| Other operating expenses                             | 59,669           |   | 61,477           |   |
| Depreciation                                         | 6,523            |   | 7,362            |   |
| Amortization of intangible assets                    | 11,283           |   | 11,320           |   |
| Workforce adjustments                                | 192              |   | 397              |   |
| Total operating expenses                             | 171,361          |   | 175,385          |   |
| Curtailment gains                                    | 10,172           |   | 31,130           |   |
| Equity in earnings of associated companies           | 2,705            |   | 2,190            |   |
| Operating income                                     | 49,184           |   | 67,773           |   |
| Non-operating income (expense):                      |             |   |
| Financial income                                     | 59               |   | 54               |   |
| Financial expense                                    | (13,437          | )      | (19,804          | )      |
| Debt financing costs                                 | (1,966           | )      | (1,995           | )      |
| Other, net                                           | (453             | )      | —          |   |
| Total non-operating expense, net                     | (15,797          | )      | (21,745          | )      |
| Income before income taxes                           | 33,387           |   | 46,028           |   |
| Income tax expense                                   | 14,407           |   | 18,069           |   |
| Net income                                           | 18,980           |   | 27,959           |   |
| Net income attributable to non-controlling interests | (35              | )      | (52              | )      |
| Income attributable to Lee Enterprises, Incorporated | 18,945           |   | 27,907           |   |
| Other comprehensive income, net                      | 5,485            |   | 793              |   |
| Comprehensive income                                 | 24,430           |   | 28,700           |   |
|                                                 |             |   |
| Earnings per common share:                           |             |   |
| Basic                                                | 0.42             |   | 0.63             |   |
| Diluted                                              | 0.42             |   | 0.62             |   |

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|                                                                                   |                  |        |                  |        |
|-----------------------------------------------------------------------------------|------------------|--------|------------------|--------|
|                                                                              | 13 Weeks Ended   |   |
| (Thousands of Dollars)                                                            | December 26 2010 |   | December 27 2009 |   |
|                                                                              |             |   |
| Cash provided by (required for) operating activities:                             |             |   |
| Net income                                                                        | 18,980           |   | 27,959           |   |
| Adjustments to reconcile net income to net cash provided by operating activities: |             |   |
| Depreciation and amortization                                                     | 17,806           |   | 18,682           |   |
| Curtailment gains                                                                 | (10,172          | )      | (31,130          | )      |
| Accretion of debt fair value adjustment                                           | (136             | )      | (155             | )      |
| Stock compensation expense                                                        | 518              |   | 682              |   |
| Distributions less than current earnings of associated companies                  | (436             | )      | (192             | )      |
| Deferred income tax expense                                                       | 5,968            |   | 10,588           |   |
| Debt financing costs                                                              | 1,966            |   | 1,995            |   |
| Changes in operating assets and liabilities:                                      |             |   |
| Increase in receivables                                                           | (11,695          | )      | (9,948           | )      |
| Increase in inventories and other                                                 | (207             | )      | (1,161           | )      |
| Decrease in accounts payable, accrued expenses and unearned revenue               | (7,318           | )      | (4,806           | )      |
| Increase (decrease) in pension, postretirement and post employment benefits       | 1,614            |   | (1,407           | )      |
| Change in income taxes receivable or payable                                      | 6,645            |   | 3,128            |   |
| Other, net                                                                        | 119              |   | (1,312           | )      |
| Net cash provided by operating activities                                         | 23,652           |   | 12,923           |   |
| Cash provided by (required for) investing activities:                             |             |   |
| Purchases of property and equipment                                               | (1,105           | )      | (3,254           | )      |
| Decrease (increase) in restricted cash                                            | 4,500            |   | (39              | )      |
| Proceeds from sales of assets                                                     | 452              |   | 203              |   |
| Other, net                                                                        | 68               |   | 187              |   |
| Net cash provided by (required for) investing activities                          | 3,915            |   | (2,903           | )      |
| Cash provided by (required for) financing activities:                             |             |   |
| Proceeds from long-term debt                                                      | 9,000            |   | 47,800           |   |
| Payments on long-term debt                                                        | (38,650          | )      | (54,966          | )      |
| Debt financing costs paid                                                         | (94              | )      | —          |   |
| Common stock transactions, net                                                    | (238             | )      | (165             | )      |
| Net cash required for financing activities                                        | (29,982          | )      | (7,331           | )      |
| Net increase (decrease) in cash and cash equivalents                              | (2,415           | )      | 2,689            |   |
| Cash and cash equivalents:                                                        |             |   |
| Beginning of period                                                               | 19,422           |   | 7,905            |   |
| End of period                                                                     | 17,007           |   | 10,594           |   |

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

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

|        |                                                                                    |                  |        |                  |        |
|--------|------------------------------------------------------------------------------------|------------------|--------|------------------|--------|
|   |                                                                               | 13 Weeks Ended   |   |
|   | (Thousands of Dollars)                                                             | December 26 2010 |   | December 27 2009 |   |
|   |                                                                               |             |   |
|   | Operating revenue                                                                  | 17,232           |   | 17,806           |   |
|   | Operating expenses, excluding workforce adjustments, depreciation and amortization | 13,454           |   | 14,739           |   |
|   | Workforce adjustments                                                              | 232              |   | 783              |   |
|   | Operating income                                                                   | 3,546            |   | 2,284            |   |
|   |                                                                               |             |   |
|   | Company's 50% share of operating income                                            | 1,773            |   | 1,142            |   |
|   | Less amortization of intangible assets                                             | 304              |   | 244              |   |
|   | Equity in earnings of TNI                                                          | 1,469            |   | 898              |   |

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|        |                                                                                    |                  |        |                  |        |
|--------|------------------------------------------------------------------------------------|------------------|--------|------------------|--------|
|   |                                                                               | 13 Weeks Ended   |   |
|   | (Thousands of Dollars)                                                             | December 26 2010 |   | December 27 2009 |   |
|   |                                                                               |             |   |
|   | Operating revenue                                                                  | 20,200           |   | 20,597           |   |
|   | Operating expenses, excluding workforce adjustments, depreciation and amortization | 15,685           |   | 15,823           |   |
|   | Workforce adjustments                                                              | 16               |   | —          |   |
|   | Depreciation and amortization                                                      | 515              |   | 576              |   |
|   | Operating income                                                                   | 3,984            |   | 4,198            |   |
|   |                                                                               |             |   |
|   | Net income                                                                         | 2,472            |   | 2,584            |   |
|   |                                                                               |             |   |
|   | Equity in earnings of MNI                                                          | 1,236            |   | 1,292            |   |

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

|        |                                         |                  |        |                  |        |
|--------|-----------------------------------------|------------------|--------|------------------|--------|
|   | (Thousands of Dollars)                  | December 26 2010 |   | September 262010 |   |
|   |                                    |             |   |
|   | Nonamortized intangible assets:         |             |   |
|   | Mastheads                               | 44,754           |   | 44,754           |   |
|   | Amortizable intangible assets:          |             |   |
|   | Customer and newspaper subscriber lists | 885,713          |   | 885,713          |   |
|   | Less accumulated amortization           | 383,615          |   | 372,337          |   |
|   |                                    | 502,098          |   | 513,376          |   |
|   | Noncompete and consulting agreements    | 28,658           |   | 28,658           |   |
|   | Less accumulated amortization           | 28,653           |   | 28,648           |   |
|   |                                    | 5                |   | 10               |   |
|   |                                    | 546,857          |   | 558,140          |   |

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

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|        |                                  |                  |        |                  |        |                  |        |
|--------|----------------------------------|------------------|--------|------------------|--------|------------------|--------|
|   |                             |             |   | Interest Rates   |   |
|   | (Thousands of Dollars)           | December 26 2010 |   | September 262010 |   | December 26 2010 |   |
|   |                             |             |   |             |
|   | Credit Agreement:                |             |   |             |
|   | A Term Loan                      | 620,515          |   | 635,665          |   | 4.125            |   |
|   | Revolving credit facility        | 279,425          |   | 285,425          |   | 4.125            |   |
|   | Pulitzer Notes:                  |             |   |             |
|   | Principal amount                 | 152,000          |   | 160,500          |   | 9.55             |   |
|   | Unaccreted fair value adjustment | 701              |   | 837              |   |             |
|   |                             | 1,052,641        |   | 1,082,427        |   |             |
|   | Less current maturities          | 83,325           |   | 81,500           |   |             |
|   |                             | 969,316          |   | 1,000,927        |   |             |

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

|        |                                                    |                  |        |                  |        |
|--------|----------------------------------------------------|------------------|--------|------------------|--------|
|   | PENSION PLANS                                      | 13 Weeks Ended   |   |
|   | (Thousands of Dollars)                             | December 26 2010 |   | December 27 2009 |   |
|   |                                               |             |   |
|   | Service cost for benefits earned during the period | 60               |   | 333              |   |
|   | Interest cost on projected benefit obligation      | 2,071            |   | 2,227            |   |
|   | Expected return on plan assets                     | (2,397           | )      | (2,365           | )      |
|   | Amortization of net loss                           | 213              |   | 113              |   |
|   | Amortization of prior service benefit              | (34              | )      | (34              | )      |
|   |                                               | (87              | )      | 274              |   |
|   |                                               |             |   |
|   | POSTRETIREMENT MEDICAL PLANS                       | 13 Weeks Ended   |   |
|   | (Thousands of Dollars)                             | December 26 2010 |   | December 27 2009 |   |
|   |                                               |             |   |
|   | Service cost for benefits earned during the period | 241              |   | 190              |   |
|   | Interest cost on projected benefit obligation      | 523              |   | 1,076            |   |
|   | Expected return on plan assets                     | (562             | )      | (547             | )      |
|   | Amortization of net gain                           | (646             | )      | (633             | )      |
|   | Amortization of prior service benefit              | (336             | )      | (554             | )      |
|   | Curtailment gains                                  | (10,172          | )      | (31,130          | )      |
|   |                                               | (10,952          | )      | (31,598          | )      |

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

|        |                                                    |                  |        |                  |        |
|--------|----------------------------------------------------|------------------|--------|------------------|--------|
|   |                                               | 13 Weeks Ended   |   |
|   | (Percent of Income Before Income Taxes)            | December 26 2010 |   | December 27 2009 |   |
|   |                                               |             |   |
|   | Computed “expected” income tax expense | 35.0             |   | 35.0             |   |
|   | State income taxes, net of federal tax benefit     | 3.0              |   | 3.0              |   |
|   | Stock compensation                                 | 4.2              |   | 2.9              |   |
|   | Curtailment gains                                  | 0.3              |   | —          |   |
|   | Increase in uncertain tax positions                | 1.0              |   | 0.5              |   |
|   | Other                                              | (0.3             | )      | (2.1             | )      |
|   |                                               | 43.2             |   | 39.3             |   |

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|                           |                           |
|---------------------------|---------------------------|
| 7     | EARNINGS PER COMMON SHARE |

|        |                                                          |                  |        |                  |        |
|--------|----------------------------------------------------------|------------------|--------|------------------|--------|
|   |                                                     | 13 Weeks Ended   |   |
|   | (Thousands of Dollars and Shares, Except Per Share Data) | December 26 2010 |   | December 27 2009 |   |
|   |                                                     |             |   |
|   | Income attributable to Lee Enterprises, Incorporated:    | 18,945           |   | 27,907           |   |
|   |                                                     |             |   |
|   | Weighted average common shares                           | 44,939           |   | 44,892           |   |
|   | Less non-vested restricted Common Stock                  | 259              |   | 361              |   |
|   | Basic average common shares                              | 44,680           |   | 44,531           |   |
|   | Dilutive stock options and restricted Common Stock       | —          |   | 228              |   |
|   | Diluted average common shares                            | 44,680           |   | 44,759           |   |
|   |                                                     |             |   |
|   | Earnings per common share:                               |             |   |
|   |     Basic                            | 0.42             |   | 0.63             |   |
|   |     Diluted                          | 0.42             |   | 0.62             |   |

|                           |                       |
|---------------------------|-----------------------|
| 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                          |   |                                            |   |
|   | Cancelled                                                | (29    | )      | 13.78                         |   |                                            |   |
|   | Outstanding, December 26, 2010                           | 2,016  |   | 5.30                          |   | 8.8                                             |   | 286                     |   |
|   |                                                     |   |   |                          |   |
|   | Exercisable, December 26, 2010                           | 403    |   | 16.87                         |   | 6.7                                             |   | 86                      |   |

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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, December 26, 2010               | — |   | —                              |   |

|                           |                         |
|---------------------------|-------------------------|
| 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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|                                            |                                                                                  |        |                   |        |                  |        |                   |        |
|--------------------------------------------|----------------------------------------------------------------------------------|--------|-------------------|--------|------------------|--------|-------------------|--------|
|                                       |            13 Weeks Ended |   |              |   |
| (Thousands of Dollars)                     | December 26 2010                                                                 |   | Percent ofRevenue |   | December 27 2009 |   | Percent ofRevenue |   |
|                                       |                                                                             |   |              |   |
| Operating cash flow                        | 54,113                                                                           |   | 26.1              |   | 53,135           |   | 25.3              |   |
| Depreciation and amortization              | (17,806                                                                          | )      | (8.6              | )      | (18,682          | )      | (8.9              | )      |
| Curtailment gains                          | 10,172                                                                           |   | 4.9               |   | 31,130           |   | 14.8              |   |
| Equity in earnings of associated companies | 2,705                                                                            |   | 1.3               |   | 2,190            |   | 1.0               |   |
| Operating income                           | 49,184                                                                           |   | 23.7              |   | 67,773           |   | 32.3              |   |

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|                                                      |                  |        |                  |        |                |        |
|------------------------------------------------------|------------------|--------|------------------|--------|----------------|--------|
|                                                 | 13 Weeks Ended   |   |             |
| (Thousands of Dollars, Except Per Share Data)        | December 26 2010 |   | December 27 2009 |   | Percent Change |   |
|                                                 |             |   |             |
| Advertising revenue:                                 |             |   |             |
| Retail                                               | 91,491           |   | 94,779           |   | (3.5           | )      |
| Classified:                                          |             |   |             |
| Daily newspapers:                                    |             |   |             |
| Employment                                           | 5,244            |   | 4,789            |   | 9.5            |   |
| Automotive                                           | 5,957            |   | 6,405            |   | (7.0           | )      |
| Real estate                                          | 4,997            |   | 6,371            |   | (21.6          | )      |
| All other                                            | 11,089           |   | 11,179           |   | (0.8           | )      |
| Other publications                                   | 6,400            |   | 6,599            |   | (3.0           | )      |
| Total classified                                     | 33,687           |   | 35,343           |   | (4.7           | )      |
| Digital                                              | 14,674           |   | 10,649           |   | 37.8           |   |
| National                                             | 9,003            |   | 10,645           |   | (15.4          | )      |
| Niche publications                                   | 2,911            |   | 2,986            |   | (2.5           | )      |
| Total advertising revenue                            | 151,766          |   | 154,402          |   | (1.7           | )      |
| Circulation                                          | 45,478           |   | 45,115           |   | 0.8            |   |
| Commercial printing                                  | 3,052            |   | 2,931            |   | 4.1            |   |
| Digital services and other                           | 7,372            |   | 7,390            |   | (0.2           | )      |
| Total operating revenue                              | 207,668          |   | 209,838          |   | (1.0           | )      |
| Compensation                                         | 78,020           |   | 82,136           |   | (5.0           | )      |
| Newsprint and ink                                    | 15,674           |   | 12,693           |   | 23.5           |   |
| Other operating expenses                             | 59,669           |   | 61,477           |   | (2.9           | )      |
| Workforce adjustments                                | 192              |   | 397              |   | (51.6          | )      |
|                                                 | 153,555          |   | 156,703          |   | (2.0           | )      |
| Operating cash flow                                  | 54,113           |   | 53,135           |   | 1.8            |   |
| Depreciation and amortization                        | 17,806           |   | 18,682           |   | (4.7           | )      |
| Curtailment gains                                    | 10,172           |   | 31,130           |   | (67.3          | )      |
| Equity in earnings of associated companies           | 2,705            |   | 2,190            |   | 23.5           |   |
| Operating income                                     | 49,184           |   | 67,773           |   | (27.4          | )      |
| Non-operating expense, net                           | (15,797          | )      | (21,745          | )      | (27.4          | )      |
| Income before income taxes                           | 33,387           |   | 46,028           |   | (27.5          | )      |
| Income tax expense                                   | 14,407           |   | 18,069           |   | (20.3          | )      |
| Net income                                           | 18,980           |   | 27,959           |   | (32.1          | )      |
| Net income attributable to non-controlling interests | (35              | )      | (52              | )      | (32.7          | )      |
| Income attributable to Lee Enterprises, Incorporated | 18,945           |   | 27,907           |   | (32.1          | )      |
| Other comprehensive income, net                      | 5,485            |   | 793              |   | NM             |   |
| Comprehensive income                                 | 24,430           |   | 28,700           |   | (14.9          | )      |
|                                                 |             |   |             |
| Earnings per common share:                           |             |   |             |
| Basic                                                | 0.42             |   | 0.63             |   | (33.3          | )      |
| Diluted                                              | 0.42             |   | 0.62             |   | (32.3          | )      |

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|                        |                  |        |                  |        |                     |        |
|------------------------|------------------|--------|------------------|--------|---------------------|--------|
|                   | 13 Weeks Ended   |   |             |
| (Thousands of Dollars) | December 26 2010 |   | December 27 2009 |   | Percent Change |   |
|                   |             |   |             |
| Retail                 | 96,457           |   | 98,294           |   | (1.9                | )      |
| Classified:            |             |   |             |
| Employment             | 8,745            |   | 7,762            |   | 12.7                |   |
| Automotive             | 11,092           |   | 10,230           |   | 8.4                 |   |
| Real estate            | 6,736            |   | 8,455            |   | (20.3               | )      |
| Other                  | 15,525           |   | 15,747           |   | (1.4                | )      |
| Total classified       | 42,098           |   | 42,194           |   | (0.2                | )      |
| National               | 10,299           |   | 10,929           |   | (5.8                | )      |

|                       |                  |        |                  |        |                     |        |
|-----------------------|------------------|--------|------------------|--------|---------------------|--------|
|                  | 13 Weeks Ended   |   |             |
| (Thousands of Inches) | December 26 2010 |   | December 27 2009 |   | Percent Change |   |
|                  |             |   |             |
| Retail                | 2,922            |   | 2,860            |   | 2.1                 |   |
| Classified            | 2,687            |   | 2,708            |   | (0.8                | )      |
| National              | 116              |   | 151              |   | (23.1               | )      |
|                  | 5,725            |   | 5,719            |   | 0.1                 |   |

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|                                                                       |                  |        |                  |         |         |        |           |        |
|-----------------------------------------------------------------------|------------------|--------|------------------|---------|---------|--------|-----------|--------|
|                                                                  | 13 Weeks Ended   |   |             |    |
|                                                                  | December 26 2010 |   | December 27 2009 |    |
| (Thousands of Dollars, Except Per Share Data)                         | Amount           |   | Per Share        |    | Amount  |   | Per Share |   |
|                                                                  |             |   |             |    |
| Income attributable to Lee Enterprises, Incorporated,  as reported    | 18,945           |   | 0.42             |    | 27,907  |   | 0.62      |   |
| Adjustments(1)   :                                                    |             |   |             |    |
| Curtailment gains                                                     | (10,172          | )      |             | (31,130 | )       |   |
| Other, net                                                            | 313              |   |             | 789     |    |   |
|                                                                  | (9,859           | )      |             | (30,341 | )       |   |
| Income tax effect of adjustments, net, and other unusual tax matters  | 3,917            |   |             | 12,487  |    |   |
|                                                                  | (5,942           | )      | (0.13            | )       | (17,854 | )      | (0.40     | )      |
| Income attributable to Lee Enterprises, Incorporated, as adjusted (1) | 13,003           |   | 0.29             |    | 10,053  |   | 0.22      |   |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (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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|          |                 |                        |
|----------|-----------------|------------------------|
| Month    | SharesPurchased | Average PricePer Share |
|     |            |                   |
| December | 97,370          | 2.44                   |

|        |        |                                        |
|--------|--------|----------------------------------------|
| 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                                   |   | February 4, 2011 |
| Carl G. Schmidt                                       |   |             |
| Vice President, Chief Financial Officer and Treasurer |   |             |
| (Principal Financial and Accounting Officer)          |   |             |