Lee Enterprises, the owner of the JT and 49 other newspapers, continues to struggle. Once the darling of the newspaper industry, Lee reported a 17 percent drop in earnings in the second quarter compared to a year ago. That sent the company's stock price below $10 a share and to a 52-week low (the stock is back over $10 in after-hours trading as of this writing).
The news was more bad news for the newspaper industry as a whole. McClatchy's stock hit a 52-week low today on Lee's news.
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