Terry Hughes was 36 when she died of breast cancer on July 22, 1991. A columnist for the St. Louis Post-Dispatch, her writing was clear, witty and descriptive, with a flair for portraying society’s underdogs. Some of her columns chronicled the bouts with canceer that she and others faced. One column was credited with helping persuade the Missouri Legislature to approve a bill forcing insurers to pay for mammograms.

One of the many readers who wrote to the newspaper after her death described her work this way: “Her columns were full of real life stories that touched us all and even changed our way of thinking or even our lives.”

The St. Louis Newspaper Guild has established a writing award in the name of Ms. Hughes. The award is intended to honor a journalist whose writing shows the talent that she displayed.

Any journalist in the metropolitan St. Louis area who has written for a daily or weekly newspaper or for a magazine is eligible.

Single articles of extraordinary merit will be considered. Preference will be given to entries of between three and ten articles that display the writer’s range of talent.

Articles must have been published in 2007. There are no formal applications. Anyone may submit a nomination by sending cipies of articles to:

The Terry Hughes Award Committee

St. Louis Newspaper Guild

1015 Locust Street

Suite 1040

St. Louis, Mo. 63101

The deadline for applications is January 10, 2008. The award will be presented at the Newspaper Guild’s Annual Dinner on January 25, 2008

Good luck with your Lee stock purchase. I believe your PE and dividend yield is slipping downward from wherever you came into the market. Today Lee reported 1st quarter (4thquarter) profits down some 17 percent. Of course the fall was expected in Iowa because of one less
day, one less Sunday and a World Series in St. Louis last year.

As reported, Iowa knew these things would occur and drive revenue down but management obviously neglected to have a revenue sales goal and a plan in place to reach it, which would account for the losses.

You must have the wisdom to know the difference between that which you can and cannot control.

I sold my stock at $ 33.23 a share.

My Uncle once told me the story about a dairy farmer.

After careful review the farmer discovered these annual expenses
to maintain 500 cows was:
50% for maintenance and purchase of farm equipment
15% for energy.
30% for feed and the remaining 5% was profit for himself.

Being of the greedy type he devised a plan to increase the amount of profit for himself. By trimming his herd to 400 head he reasoned that he could eliminate 1/5 or 20% of the total annual expenses and increase his profit to 25%.

At the end of the next year he discovered that the milk he sold did not generate enough revenue to produce same profit before he cut 100 cows.

Less cows produced less product resulting in less revenue.

The next year he decided to feed the 400 remaining cows less, which would allow him to eliminate milking equipment, tractors and milk trucks. Again the same results.

Next year with so many people buying milk he is going to rase prices.
Surely that has to work, they can’t stop buying milk!

CHICAGO Lee Enterprises stock slid dramatically on sharply higher trading volume for no readily apparent reason Thursday.

At the 4 P.M. EST. Lee (NYSE-LEE) closed at $11.78, down $2.69 or 18.59%. It set a new low in its 52-week tading range, which had been $13.60 to $35.65.

Lee made no announcements during the day, and there were no other apparent market-moving events. An analyst who follows Lee closely said the big fallout and huge volume were a mystery.

Lee’s trading volume for the day was 2,196,601-more than four times its three-month average volume of 486,152.

In Lee’s last public communication on New Year’s Eve, Chairmnan and CEO Mary Junck wrote in her annual letter to shareholders that the Street was not properly valuing the stock of Lee, which she said had outperformed industry peers.

Like many newspaper companies, Lee stock was hammered by Wall Street in the past year. In calendar 2007, its stock lost 52.8% of its value.
****************************end************************************** HOW CAN THE BOARD ACCOUNT FOR THIS????
WHY IS THERE NO STATEMENT FROM THEM?????
HOW DID THEY CAUSE THIS TO HAPPEN?????????????