Lee Enterprises first quarter profit falls as ad sales drop

Wednesday, January 21, 2009 | 4:48 p.m. CST; updated 5:26 p.m. CST, Wednesday, January 21, 2009

DAVENPORT, Iowa — Lee Enterprises Inc., publisher of the St. Louis Post-Dispatch and other newspapers, said its fiscal first-quarter earnings tumbled 69 percent as the nation's recession exacerbated advertising declines.

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