Lee Enterprises Profit Declines

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Lee Enterprises profit declines

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Lee Enterprises Profit Declines

DAVENPORT, Iowa - Newspaper publisher Lee Enterprises Inc. said Monday its second-quarter profit fell 18 percent as a surge in online ad sales failed to offset softness in print advertising.

Shares of Lee Enterprises fell $4.88, or 16 percent, to close at $25.82 on the New York Stock Exchange.

The owner of print...

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