LEE ENTERPRISES, Inc — Director's Dealing 2004

Nov 23, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LEE ENTERPRISES INC (LEE ENT)
CIK: 0000058361
Period of Report: 2004-11-19

Reporting Person: VEON GREG (Vice President - Publishing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-11-19	Common Stock	M	7275	$21.50	Acquired	50389	Direct
2004-11-19	Common Stock	S	775	$47.91	Disposed	49614	Direct
2004-11-19	Common Stock	S	200	$47.90	Disposed	49414	Direct
2004-11-19	Common Stock	S	500	$47.89	Disposed	48914	Direct
2004-11-19	Common Stock	S	100	$47.80	Disposed	48814	Direct
2004-11-19	Common Stock	S	1200	$47.87	Disposed	47614	Direct
2004-11-19	Common Stock	S	200	$47.85	Disposed	47414	Direct
2004-11-19	Common Stock	S	100	$47.84	Disposed	47314	Direct
2004-11-19	Common Stock	S	100	$47.82	Disposed	47214	Direct
2004-11-19	Common Stock	S	700	$47.80	Disposed	46514	Direct
2004-11-19	Common Stock	S	200	$47.68	Disposed	46314	Direct
2004-11-19	Common Stock	S	200	$47.66	Disposed	46114	Direct
2004-11-19	Common Stock	S	800	$47.65	Disposed	45314	Direct
2004-11-19	Common Stock	S	1100	$47.64	Disposed	44214	Direct
2004-11-19	Common Stock	S	400	$47.63	Disposed	43814	Direct
2004-11-19	Common Stock	S	600	$47.62	Disposed	43214	Direct
2004-11-19	Common Stock	S	100	$47.61	Disposed	43114	Direct
2004-11-19	Common Stock	M	14600	$25.938	Acquired	57714	Direct
2004-11-19	Common Stock	S	100	$48.23	Disposed	57614	Direct
2004-11-19	Common Stock	S	1100	$48.22	Disposed	56514	Direct
2004-11-19	Common Stock	S	100	$48.21	Disposed	56414	Direct
2004-11-19	Common Stock	S	500	$48.20	Disposed	55914	Direct
2004-11-19	Common Stock	S	700	$48.14	Disposed	55214	Direct
2004-11-19	Common Stock	S	300	$48.12	Disposed	54914	Direct
2004-11-19	Common Stock	S	400	$48.11	Disposed	54514	Direct
2004-11-19	Common Stock	S	700	$48.10	Disposed	53814	Direct
2004-11-19	Common Stock	S	400	$48.09	Disposed	53414	Direct
2004-11-19	Common Stock	S	100	$48.09	Disposed	53314	Direct
2004-11-19	Common Stock	S	400	$48.06	Disposed	52914	Direct
2004-11-19	Common Stock	S	200	$48.04	Disposed	52714	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-11-19	Employee Stock Option (Right to Buy)	$21.50	M	5625	Disposed	2006-10-28	Common Stock (5625)	Direct
2004-11-19	Employee Stock Option (Right to Buy)	$26.6250	M	1650	Disposed	2007-11-03	Common Stock (8000)	Direct
2004-11-22	Employee Stock Option (Right to Buy)	$26.625	M	4350	Disposed	2008-11-15	Common Stock (6450)	Direct
2004-11-22	Employee Stock Option (Right to Buy)	$27.188	M	5250	Disposed	2007-11-03	Common Stock (7000)	Direct
1999-11-09	Employee Stock Option (Right to Buy)	$29.938	A	15000	Acquired	2009-11-09	Common Stock (15000)	Direct
2004-11-22	Employee Stock Option (Right to Buy)	$25.938	M	5000	Disposed	2010-11-13	Common Stock (20000)	Direct
2001-11-14	Employee Stock Option (Right to Buy)	$35.46	A	20000	Acquired	2011-11-14	Common Stock (20000)	Direct
2002-11-13	Employee Stock Option (Right to Buy)	$32.49	A	20000	Acquired	2012-11-13	Common Stock (20000)	Direct
2003-11-12	Employee Stock Option (Right to Buy)	$43.25	A	11000	Acquired	2013-11-12	Common Stock (11000)	Direct
2004-04-23	Employee Stock Option (Right to Buy)	$47.42	A	850	Acquired	2006-10-27	Common Stock (850)	Direct
2004-11-19	Employee Stock Option (Right to Buy)	$47.64	A	11000	Acquired	2014-11-18	Common Stock (11000)	Direct

Footnotes

F1: These securities are exercisable as follows: 30% upon the first anniversary date of the grant; 60% upon the second
anniversary date of the grant; and 100% upon the third anniversary date of the grant.