|Exchange:||New York Stock Exchange|
|Stock:||Lee Enterprises Inc.|
|Lee Enterprises, Incorporated was founded in 1890, incorporated in 1950, and listed on the New York Stock Exchange in 1978. It operates as a provider of local news and information, and a platform for advertising, in the markets it serves, which are located primarily in the Midwest, Mountain West and West regions of the United States. With the exception of St. Louis, Missouri, its 51 markets, across 23 states, are principally midsize or small. The Company’s newspaper markets include Madison, Wisconsin; Lincoln, Nebraska; Davenport, Iowa; St. Louis, Missouri; Billings, Montana; Bloomington, Illinois; Tucson, Arizona; and Napa, California. The basic raw material of newspapers, and classified and specialty publications, is newsprint. It purchases newsprints from U.S. and Canadian producers. The Company’s platforms include: 51 daily and 39 Sunday newspapers with circulation totaling 1.2 million and 1.4 million, respectively, for the six months ended September 2012, read by nearly four million people in print; Websites and mobile and tablet products in all of its markets that complement its newspapers and attracted 22.8 million visitors in September 2012 with 192.6 million page views; and nearly 300 weekly newspapers and classified and niche publications. The Company does not face competition from other local daily newspapers in most of its markets, although there is significant competition for readers and viewers in those markets from other media.|
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