<SEC-DOCUMENT>0000058361-16-000071.txt : 20160927
<SEC-HEADER>0000058361-16-000071.hdr.sgml : 20160927
<ACCEPTANCE-DATETIME>20160927091227
ACCESSION NUMBER:		0000058361-16-000071
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20160927
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160927
DATE AS OF CHANGE:		20160927

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LEE ENTERPRISES, INC
		CENTRAL INDEX KEY:			0000058361
		STANDARD INDUSTRIAL CLASSIFICATION:	NEWSPAPERS:  PUBLISHING OR PUBLISHING & PRINTING [2711]
		IRS NUMBER:				420823980
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0925

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-06227
		FILM NUMBER:		161903424

	BUSINESS ADDRESS:	
		STREET 1:		201 N. HARRISON STREET, STE. 600
		CITY:			DAVENPORT
		STATE:			IA
		ZIP:			52801
		BUSINESS PHONE:		5633832100

	MAIL ADDRESS:	
		STREET 1:		201 N. HARRISON STREET, STE. 600
		CITY:			DAVENPORT
		STATE:			IA
		ZIP:			52801

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LEE ENTERPRISES INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a2016dbconference8-k.htm
<DESCRIPTION>8-K
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
		<!-- Document created using Wdesk 1 -->
		<!-- Copyright 2016 Workiva -->
		<title>Document</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<div><a name="s69917499e22d4290b956a4d5200ae710"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:10px;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">UNITED STATES </font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">SECURITIES AND EXCHANGE COMMISSION</font></div><div style="line-height:120%;text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Washington, D.C. 20549</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:18pt;"><font style="font-family:inherit;font-size:18pt;font-weight:bold;">FORM  8-K</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">CURRENT REPORT</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">PURSUANT TO SECTION 13 OR 15(d) OF THE</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">SECURITIES EXCHANGE ACT OF 1934</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Date of Report (Date of earliest event reported):&#160;&#160;September 27, 2016</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">_______________________________________________________________________</font></div><div style="line-height:120%;padding-bottom:4px;padding-top:16px;text-align:center;font-size:20pt;"><font style="font-family:inherit;font-size:20pt;font-weight:bold;">LEE ENTERPRISES, INCORPORATED</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#32;(Exact name of Registrant as specified in its charter)</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">_______________________________________________________________________</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Commission File Number 1-6227</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:626px;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:281px;"></td><td style="width:345px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Delaware</font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(State of Incorporation)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">42-0823980</font></div><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(I.R.S. Employer Identification No.)</font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">201 N. Harrison Street, Davenport, Iowa  52801</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(Address of Principal Executive Offices)</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(563) 383-2100</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Registrant's telephone number, including area code</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">_____________________________________________________________________________________</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">[  ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><a name="s18b81e9b6d8e4a8c8ddaf286bc3ecea1"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:80px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Item 7.01.</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Regulation FD Disclosure</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">.</font></div></td></tr></table><div style="line-height:174%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">On September 28, 2016, Lee Enterprises, Incorporated will present at Deutsche Bank's 24th Annual Leveraged Finance Conference in Scottsdale, Arizona. It includes remarks by Mary Junck, executive chairman and Ron Mayo, vice president, chief financial officer and treasurer, including:</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:Arial;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The latest independent research affirms that Lee&#8217;s print and digital products continue to reach 75% of the adults in its largest markets, with results nearly as strong among ages 18-29.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:Arial;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Lee continues to drive total digital revenue, up 6.4% in the last twelve months ended June 2016 and 12% annually since 2009.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:Arial;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Lee has maintained strong Adjusted EBITDA</font><font style="font-family:Arial;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">1 </sup></font><font style="font-family:Arial;font-size:10pt;">and consistently high margins</font><font style="font-family:Arial;font-size:10pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">1</sup></font><font style="font-family:Arial;font-size:10pt;">&#32;totaling $157 million and 22.4%, respectively, for the last twelve months ended June 2016.</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="padding-bottom:8px;font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:10pt;padding-left:24px;"><font style="font-family:Arial;font-size:10pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Total debt at the end of September 2016 was $617 million, a $108.7 million reduction in fiscal year 2016. </font></div></td></tr></table><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">The text of the presentation and illustrations are available at lee.net.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:12px;text-indent:-6px;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;">&#32;</font><font style="font-family:inherit;font-size:8pt;"><sup style="vertical-align:top;line-height:120%;font-size:5pt">1</sup></font><font style="font-family:inherit;font-size:8pt;">&#32;Adjusted EBITDA and Margin are non-GAAP (Generally Accepted Accounting Principles) financial measures. See appendix of the presentation, which is available at lee.net.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">FORWARD-LOOKING STATEMENTS &#8212; The Private Securities Litigation Reform Act of 1995 provides a &#8220;safe harbor&#8221; for forward-looking statements. This release contains information that may be deemed forward-looking that is based largely on our current expectations, and is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those anticipated. Among such risks, trends and other uncertainties, which in some instances are beyond our control, are: </font></div><div style="line-height:120%;text-align:justify;padding-left:84px;text-indent:-36px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:84px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:48px;"><font style="font-family:Arial;font-size:8pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">Our ability to generate cash flows and maintain liquidity sufficient to service our debt;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:84px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:48px;"><font style="font-family:Arial;font-size:8pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">Our ability to comply with the financial covenants in our credit facilities;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:84px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:48px;"><font style="font-family:Arial;font-size:8pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">Our ability to refinance our debt as it comes due; </font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:84px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:48px;"><font style="font-family:Arial;font-size:8pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">That the warrants issued in our refinancing will not be exercised;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:84px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:48px;"><font style="font-family:Arial;font-size:8pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">The impact and duration of adverse conditions in certain aspects of the economy affecting our business;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:84px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:48px;"><font style="font-family:Arial;font-size:8pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">Changes in advertising and subscription demand;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:84px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:48px;"><font style="font-family:Arial;font-size:8pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">Potential changes in newsprint, other commodities and energy costs;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:84px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:48px;"><font style="font-family:Arial;font-size:8pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">Interest rates;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:84px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:48px;"><font style="font-family:Arial;font-size:8pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">Labor costs;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:84px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:48px;"><font style="font-family:Arial;font-size:8pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">Legislative and regulatory rulings;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:84px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:48px;"><font style="font-family:Arial;font-size:8pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">Our ability to achieve planned expense reductions;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:84px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:48px;"><font style="font-family:Arial;font-size:8pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">Our ability to maintain employee and customer relationships;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:84px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:48px;"><font style="font-family:Arial;font-size:8pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">Our ability to manage increased capital costs;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:84px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:48px;"><font style="font-family:Arial;font-size:8pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">Our ability to maintain our listing status on the NYSE;</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:84px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:48px;"><font style="font-family:Arial;font-size:8pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">Competition; and</font></div></td></tr></table><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:84px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:8pt;padding-left:48px;"><font style="font-family:Arial;font-size:8pt;">&#8226;</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">Other risks detailed from time to time in our publicly filed documents.</font></div></td></tr></table><div style="line-height:120%;text-align:justify;padding-left:12px;text-indent:-12px;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:8pt;"><font style="font-family:Arial;font-size:8pt;">Any statements that are not statements of historical fact (including statements containing the words &#8220;may&#8221;, &#8220;will&#8221;, &#8220;would&#8221;, &#8220;could&#8221;, &#8220;believes&#8221;, &#8220;expects&#8221;, &#8220;anticipates&#8221;, &#8220;intends&#8221;, &#8220;plans&#8221;, &#8220;projects&#8221;, &#8220;considers&#8221; and similar expressions) generally should be considered forward-looking statements. Readers are cautioned not to place undue reliance on such forward-looking statements, which are made as of the date of this release. We do not undertake to publicly update or revise our forward-looking statements, except as required by law.</font></div><div style="line-height:120%;text-align:left;padding-left:84px;text-indent:-84px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><hr style="page-break-after:always"><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;text-align:left;padding-left:84px;text-indent:-84px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Item 9.01.    </font><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Financial Statements and Exhibits</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">.</font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:636px;border-collapse:collapse;text-align:left;"><tr><td colspan="4"></td></tr><tr><td style="width:20px;"></td><td style="width:100px;"></td><td style="width:68px;"></td><td style="width:448px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;height:17px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">(d)</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Exhibits</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">99.1</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">News Release dated September 27, 2016</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">SIGNATURES</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:683px;border-collapse:collapse;text-align:left;"><tr><td colspan="5"></td></tr><tr><td style="width:38px;"></td><td style="width:200px;"></td><td style="width:33px;"></td><td style="width:274px;"></td><td style="width:136px;"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">LEE ENTERPRISES, INCORPORATED</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td rowspan="3" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">/s/ Ronald A. Mayo</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Date:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">September 27, 2016</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">By:</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Ronald A. Mayo</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Vice President, Chief Financial Officer,</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:center;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">and Treasurer</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">INDEX TO EXHIBITS</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;margin-left:auto;margin-right:auto;width:633px;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:93px;"></td><td style="width:540px;"></td></tr><tr><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Exhibit No.</font></div></td><td style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Description</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-top:1px solid #000000;"><div style="overflow:hidden;height:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">99.1</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;"><div style="text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">News Release dated September 27, 2016</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div>	</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>dbconferencerelease.htm
<DESCRIPTION>EXHIBIT 99
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
		<!-- Document created using Wdesk 1 -->
		<!-- Copyright 2016 Workiva -->
		<title>Exhibit</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<div><a name="s043006a1c4b74f9f8b2bc429f5a5e4b5"></a></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><div><br></div><div style="line-height:120%;padding-bottom:6px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">Exhibit 99.1 - News Release &#8211; September 27, 2016.</font></div><div style="line-height:120%;padding-bottom:6px;text-align:left;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">&#32;</font><img src="leelogo2013a01a01a03a02a01.jpg" alt="leelogo2013a01a01a03a02a01.jpg" style="height:84px;width:360px;"><font style="font-family:inherit;font-size:10pt;">&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;&#32;</font></div><div style="line-height:120%;text-align:left;padding-left:96px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">201 N. Harrison St. </font></div><div style="line-height:120%;text-align:left;padding-left:96px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Davenport, IA 52801 </font></div><div style="line-height:120%;padding-left:96px;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;color:#0000ff;text-decoration:underline;">www.lee.net</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">Lee Enterprises will provide business update at Deutsche Bank conference</font></div><div style="line-height:120%;padding-bottom:13px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;text-decoration:underline;">NEWS RELEASE</font><font style="font-family:Arial;font-size:11pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">SCOTTSDALE, Arizona (September 27, 2016) - On Wednesday, September 28, 2016, at the Deutsche Bank 24th Annual Leveraged Finance Conference, in Scottsdale, Arizona, Lee Enterprises, Incorporated (NYSE: LEE), a major provider of local news, information and advertising in 48 markets, will provide a review of its strong local audiences, digital sales, subscriber strategies and a financial update.</font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">The presentation will be available at lee.net. It includes remarks by Mary Junck, executive chairman and Ron Mayo, vice president, chief financial officer and treasurer.</font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;padding-bottom:10px;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">&#32;</font><font style="font-family:Arial;font-size:11pt;text-decoration:underline;">ABOUT LEE</font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">Lee Enterprises is a leading provider of local news and information, and a major platform for advertising, in its markets, with 44 daily newspapers and a joint interest in four others, rapidly growing digital products and nearly 300 specialty publications in 21 states. Lee's newspapers have average circulation of 0.9 million daily and 1.3 million Sunday. Lee's markets include St. Louis, MO; Lincoln, NE; Madison, WI; Davenport, IA; Billings, MT; Bloomington, IL; and Tucson, AZ. Lee Common Stock is traded on the New York Stock Exchange under the symbol LEE. For more information about Lee, please visit lee.net.</font></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;"><br></font></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Contact:</font></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Charles Arms</font></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">Director of Communications</font></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">IR@lee.net</font></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:Arial;font-size:9pt;">(563) 383-2100 </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div><br></div><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div>	</body>
</html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>leelogo2013a01a01a03a02a01.jpg
<TEXT>
begin 644 leelogo2013a01a01a03a02a01.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_X0!F17AI9@  24DJ  @    $ !H!!0 !
M    /@   !L!!0 !    1@   "@! P !     @   #$! @ 0    3@
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MN;K"P\3%QL?(R<K2T]35UM?8V=KBX^3EYN?HZ>KR\_3U]O?X^?K_V@ , P$
M A$#$0 _ /[Y',8"AU)V\\'K^6/QJ=,MDD87!"CV./3UYS_]:N ^(WQ \%?"
MGP?XC^(/Q%\2Z3X2\%>%-/DUKQ'XD\1WJZ=I&E:8BOF>>>0JJ1HR@-N&XN0H
M5W(2OAW]@']O[P[^WG!\</%O@GPS=Z+\._AQ\0=,\$^#=:U9W7Q#XOL!X?M]
M=FUW6= =!)X;5I;H):03EF==S,5= 3WX3(LWQ.39KG6%RJ;R3(71IU*W*XTE
M4K5(TJ4(R:4%*<JD;15Y14HSDN647+Q<7Q!D^!SK+,EE."SG.E)TZ*?--1IP
MYG*2NVDN712M?I=V1^D&Q5"D=%)Q[GG/; ^OI^OYO_\ !0;_ (**_!O]@3X?
M-KOBJ9/%7Q*\1V<J_#GX7:/?H=9\1RC>O]JZMM,@\.>%[>9&CNO%EPK01DF)
M/-D66-/T;DEV*[ '$49?!!SD@$=N<$_3V]?\SC]OKQMXL\>?MK?M/ZOXV\3:
MIXGU"S^-WQ%\/:?=ZQ>_VC_9>B>&O$'B+P[X<\/1 #">&/!J*R( #@%ACC-?
MKG@7X:8#Q*XLE2SJ;IY/D*IXK$TX)>VK1G)QA"+;3A&4H<LY1N^6T8\DIJ<?
MROQO\1\5X=\-1_L])YUGCE2I3:O"'+"*G)-7U46HQT=MVFD?U(_\$*?VI_C)
M^UYX\_;;^+'QJ\43:WK5QJGP;T[0M&CFE;PQX-T9%^)I_L3PSH4GG2Z'HAD
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M ^'FJ^)=:9,C0/#2_$WPGX.?Q!XA=8V>.&W$\D@4[%D(8. ?KU17XC_M$?\
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M]]I]VVDWDNCZE;.\Q%S#=6FHV-S%/;W4<4R?(_EF.2.23VV@#_.G_P""B/\
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M^ZOO"/C[PIH7BSPQ>NA^1SX?\2Q7%IN1PY3[1')L<LJH^^:)O"/^'??[!/\
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MPCT+XP_"SP6'^$WBF,:))\._$D7_  C#?\)I#GP9;,AB-H\X8,&D,<WZY?\
M!++]IC2O&/[:7P_\%Z]_P60_8+_;%O?$6A^,=+\+? SX)?L1>"?@-X]U[Q!%
MH \1KKFA^/?#7ANW=D\'^&/#OB.1K831"6WCFM[ALN,_TH_$/]DO]EGXO^(A
MXN^+7[-/P$^)_C*73SII\5>/O@[X \<^(WTSM$-=\3>&;B>(#</D+X484!AA
M:I>"/V//V1_ACXHTWQM\,/V7OV=/AYXMTR%TTKQA\/\ X'?#SPKXFTR.6,C=
MI.O>'_"T%ROREODBD48'S<9  /X'?V0M._;NU?\ X+:_\%IH/V#_ (%?LB?'
MSQ*OQT^)S^.=(_:_>1=%\/Z6GQX\3'P[KWAKR98-_B<>),M.DCLN1&Y0E4QZ
M+:Z#\:4_X.-OV!=._P""K'P*^#7P ^*3Z#X.U+]GKPU^P?IVB:=\--<U8^)/
MB4W@#7?BOK\WBRX\5N@\9:#KP/E[KSRD2&"V@L%O$E_O8\*?!'X-?#_Q;XV\
M?> _A#\-?!OCOXA'[?XS\;^$_!/AWPUXN\8/&0X?Q)XCT&V3Q)X@E5E1XS<O
M(NX#9F0KE?$GP0^#'C3XA>%/BMXG^$?PX\1_%#P( _@SXD^(O ?AS5?'GA,2
MJ"(_#GBBYMCXI\/9R2WV>:$C<=V>E '\$.J']KNX_P"#H_\ X*00?L2_"C]E
M_P"-'QB_X5W')=^#?VJ+O7D^'I\&GX?_ +-Y\0:[H;>')8G'BH3)X;158'Y7
MN0P;:(G_ $*A_P""//\ P5 _;3_X*)?L>?M>_ML^'?V#/V6_ W[(_BOPAXLL
M?"W[(H\7CQ1X_G\'>/X?B*FA2S2JP$S>)=# AFNO'4K>#8+JYGLX;J5_.K^M
M#1/@;\'?#WQ*U[XQZ'\(?AIHWQ5\5V3:=XG^*.B>"- TKXA^(-*\N "#Q#XZ
MMK6/Q1XAA(T30T5+JYE\LQ0NHD!)B]BH _SJM M?VTM2_P"#E?\ X*J6O[#O
MP8_94^.GQ/\ [%U9M>\,_M7M(O@/3?!@;X(,VO\ AUX9XI%\5)XI3PSM6,A9
M5>422! 5;#_:;\/_ +04G_!;+_@E1IO_  5S^ 'P)^ .FW_C[P9_PI'3?V K
M+1HM-\:^-8_BYH$/AMOB+K/BKQ=-XO@\,6_Q1B\.Q749\N2U\%SRP_#E&E>=
MW_T#] ^"'P:\+?$?Q-\5O#7PD^&FA_%3Q=9?8_$_Q+T;P-H&E_$'Q'&8UC-O
MXD\>06T?BSQ%&#I,:JMQ/,V(XY,,0\BIXW^!_P &/B+XJ\'>//'_ ,)_AQXZ
M\:_#V]DN?!/BWQCX'\/^*/%7@^0R?VSGPUX@UVV>^\,2"4Y5K:X@V.4.%!)
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M10]=]?7^O)#ZWZ]^OWC=B^GZG_&C8OI^I_QIU% #=B^GZG_&C8OI^I_QIU%
M#=B^GZG_ !HV+Z?J?\:=10 W8OI^I_QHV+Z?J?\ &G44 -V+Z?J?\:-B^GZG
M_&G44 -V+Z?J?\:-B^GZG_&G44 -V+Z?J?\ &C8OI^I_QIU% #=B^GZG_&C8
MOI^I_P :=10 W8OI^I_QHV+Z?J?\:=10 W8OI^I_QHV+Z?J?\:=10 W8OI^I
F_P :-B^GZG_&G44 -V+Z?J?\:-B^GZG_ !IU% "  =*6BB@#_]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
