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Profits fall 87% for Arizona Daily Star’s parent company

Media companies are still taking it on the chin financially as shown by the second quarter reports issued by publicly-owned companies. The most striking example came from Lee Enterprises, the Davenport, Iowa, owner of the Arizona Daily Star that last week reported its quarterly profit fell 87.4 percent to $2.8 million, from $22.5 million for the same three months a year ago.

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