Pulitzer Inc. Reports Tenth-Period Revenue for Five Weeks Ended October 31, 2004

Pulitzer Inc. Reports Tenth-Period Revenue for Five Weeks Ended
October 31, 2004 


ST. LOUIS, Nov. 16  /PRNewswire-FirstCall/ -- Pulitzer Inc. (NYSE:PTZ) today
announced that revenue increased 5.6 percent for the five-week accounting
period ended October 31, 2004 and 5.5 percent for the forty-four- week
year-to-date period when compared to the respective 2003 periods. October 2004
advertising revenue in St. Louis and at the 12 Pulitzer Newspapers, Inc.
("PNI") markets increased 5.4 percent, with increases of 3.3 percent at the St.
Louis operations and 10.7 percent at PNI.

On a comparable basis, excluding the results of PNI acquisitions absent in the
comparable periods of 2004 and 2003, total revenue increased 5.1 percent for
the five-week period ended October 31, 2004 and increased 4.7 percent for the
forty-four-week year-to-date period. Total comparable advertising revenue
increased 4.9 percent for the five-week period ended October 31, 2004 and
increased 5.5 percent for the forty-four-week year-to-date period. Tenth-
period 2004 comparable advertising revenue increased 3.3 percent at the St.
Louis operations and 8.8 percent at PNI. Comparable advertising revenue
increased 4.1 percent at the St. Louis operations and 9.2 percent at PNI for
the forty-four-week year-to-date period.

The principal components of the tenth-period comparable advertising revenue
results for St. Louis and PNI were:

      --  Comparable retail advertising revenue, including preprints,
          increased 5.2 percent. Comparable retail ROP revenue increased 2.7
          percent, principally due to gains in the political, specialty
          stores, and home improvement categories and advertising associated
          with the St. Louis Cardinals post-season baseball performance.
          Local territory revenues increased 16.0 percent in St. Louis.
          These gains were partially offset by weakness in the department
          stores and entertainment categories, as well as in the grocery
          category, which cycled against significant strike-related
          advertising last October in St. Louis. Comparable retail ROP
          revenue increased 1.3 percent in St. Louis and increased 5.5
          percent at PNI. Comparable retail preprint revenue increased 14.9
          percent in St. Louis and 1.5 percent at PNI.

      --  Comparable tenth-period national advertising revenue, including
          preprints, decreased 1.8 percent versus 2003, principally due to
          weakness in the healthcare, telecommunication, and pharmaceutical
          categories, partially offset by gains in the financial segment.
          Comparable national preprint revenue increased 5.2 percent for the
          period and comparable national ROP revenue decreased 2.9 percent.
          Comparable national advertising revenue, including preprints,
          decreased 1.5 percent in St. Louis and 7.7 percent at PNI.

      --  Comparable tenth-period classified revenue increased 6.3 percent
          versus 2003.


                Comparable Classified Advertising Revenue
                    Percentage Change 2004 Versus 2003
                                                                  Total
                                                                Pulitzer,
                                                                including
                                                     Tucson      Tucson
                                           Total   Newspaper    Newspaper
   PERIOD 10           St. Louis   PNI    Pulitzer   Agency      Agency
   Help Wanted           10.1%    27.4%    14.3%     17.5%        14.7%
   Automotive            (5.1%)   (5.0%)   (5.1%)    14.1%        (2.9%)
   Real Estate            3.6%    29.0%    11.2%     (0.2%)       10.3%
   Total Classified
     Revenue              2.1%    18.0%     6.3%      8.9%         6.6%


             Comparable Classified Advertising Revenue
                Percentage Change 2004 Versus 2003
                                                                  Total
                                                                Pulitzer,
                                                                including
                                                     Tucson      Tucson
                                           Total   Newspaper    Newspaper
   Year-to-date        St. Louis   PNI    Pulitzer   Agency      Agency
   Help Wanted            9.7%    32.8%    14.9%     30.9%        16.8%
   Automotive             3.6%     1.4%     3.1%      8.6%         3.7%
   Real Estate            7.4%    18.9%    10.8%     (3.1%)        9.5%
   Total Classified
     Revenue              6.7%    16.4%     9.2%     12.1%         9.5%



October 2004 revenue associated with the Company's 50 percent interest in the
Tucson Newspaper Agency ("TNI") increased 5.7 percent and total advertising
revenue increased 6.4 percent. TNI retail revenue, including preprints,
increased 3.3 percent, with a 1.1 percent decrease in retail ROP and a 15.3
percent increase in retail preprint revenue. Local territory revenues increased
14.1 percent for the period. TNI national revenue, including preprints,
increased 29.0 percent with strong ROP performance. October classified revenue
increased 8.9 percent.

Pulitzer Inc., through various subsidiaries and affiliated entities, is engaged
in newspaper publishing and related new media activities. The Company's
newspaper operations include two major metropolitan dailies, the St. Louis
Post-Dispatch and the Arizona Daily Star in Tucson, Ariz., and, through its
Pulitzer Newspapers, Inc. ("PNI") subsidiary, 12 other dailies and more than 65
weekly newspapers, shoppers, and niche publications. The PNI dailies are The
Pantagraph, Bloomington, Ill.; The Daily Herald, Provo, Utah; the Santa Maria
Times, Santa Maria, Calif.; The Napa Valley Register, Napa, Calif.; The World,
Coos Bay, Ore.; The Sentinel, Hanford, Calif.; the Arizona Daily Sun,
Flagstaff, Ariz.; The Daily Chronicle, DeKalb, Ill.; The Garden Island, Lihue,
Hawaii; the Daily Journal, Park Hills, Mo.; The Lompoc Record, Lompoc, Calif.;
and The Daily News, Rhinelander, Wis. The Company's newspaper operations also
include the Suburban Journals of Greater St. Louis, a group of 38 weekly papers
and various niche publications.

The Company's new media and interactive initiatives include STLtoday.com in St.
Louis, azstarnet.com in Tucson, and Web sites for all of its other dailies.
Pulitzer Inc. is the successor to the company originally founded by Joseph
Pulitzer in St. Louis in 1878. For further information, visit our Web site at
http://www.pulitzerinc.com/ .

NOTES:

Statements in this press release concerning the Company's business outlook or
future economic performance, anticipated profitability, revenues, expenses or
other financial items, together with other statements that are not historical
facts, are "forward-looking statements" as that term is defined under the
Federal Securities Laws. Forward-looking statements are subject to risks,
uncertainties and other factors which could cause actual results to differ
materially from those stated in such statements. Such risks, uncertainties and
other factors include, but are not limited to, industry cyclicality, the
seasonal nature of the business, changes in pricing or other actions by
competitors or suppliers (including newsprint), outcome of labor negotiations,
capital or similar requirements, and general economic conditions, any of which
may impact advertising and circulation revenues and various types of expenses,
as well as other risks detailed in the Company's filings with the Securities
and Exchange Commission. Although the Company believes that the expectations
reflected in "forward-looking statements" are reasonable, it cannot guarantee
future results, levels of activity, performance or achievements. Accordingly,
investors are cautioned not to place undue reliance on any such
"forward-looking statements," and the Company disclaims any obligation to
update the information contained herein or to publicly announce the result of
any revisions to such "forward- looking statements" to reflect future events or
developments.

                      PULITZER INC. AND SUBSIDIARIES
                  PERIOD REVENUE AND STATISTICAL REPORT
                    (Revenue in thousands--Unaudited)

                       Five       Five               44        44
                       Weeks      Weeks             Weeks     Weeks
                       Ended      Ended             Ended     Ended
                      Oct. 31,    Nov. 2,          Oct. 31,  Nov. 2,
                       2004        2003    Change    2004     2003    Change
                                 (Note 3)                    (Note 3)

   Consolidated
    Operating
    Revenue (Note 1):
     Advertising:
      Retail         $12,847     $12,413    3.5%  $101,701  $ 97,413   4.4%
      National         3,089       3,181   (2.9%)   21,778    23,949  (9.1%)
      Classified      13,397      12,533    6.9%   116,780   105,851  10.3%
       Total          29,333      28,127    4.3%   240,259   227,213   5.7%

      Preprints        6,937       6,282   10.4%    54,954    50,305   9.2%

       Total
       Advertising    36,270      34,409    5.4%   295,213   277,518   6.4%

     Circulation       7,982       7,710    3.5%    69,101    68,033   1.6%
     Other               913         644   41.8%     6,369     5,808   9.7%

       Total         $45,165     $42,763    5.6%  $370,683  $351,359   5.5%

   Operating Revenue of Consolidated Subsidiaries:

     St. Louis Operations
      (Note 2):
      Advertising    $25,471     $24,652    3.3%  $208,765  $200,638   4.1%
      Circulation      5,987       5,688    5.3%    51,598    50,434   2.3%
      Other              466         205  127.3%     2,128     1,405  51.5%
       Total         $31,924     $30,545    4.5%  $262,491  $252,477   4.0%

     Pulitzer
      Newspapers, Inc.
      Advertising    $10,799      $9,757   10.7%   $86,448   $76,880  12.4%
      Circulation      1,995       2,022   (1.3%)   17,503    17,599  (0.5%)
      Other              447         439    1.8%     4,241     4,403  (3.7%)
       Total         $13,241     $12,218    8.4%  $108,192  $ 98,882   9.4%

  Operating Revenue of Unconsolidated Newspaper Joint Venture:

     Pulitzer's 50%
      share of Tucson
      Newspaper Agency:
      Advertising     $4,404      $4,139    6.4%   $36,331   $34,635   4.9%
      Circulation      1,088       1,087    0.1%     9,580     9,663  (0.9%)
      Other               67          31  116.1%       456       379  20.3%
       Total          $5,559      $5,257    5.7%   $46,367   $44,677   3.8%

   Note 1
   Year-to-year comparisons are affected by acquisitions of weekly
   newspapers, shoppers, and niche publications within the last 12 months
   that complement the Company's newspapers in several markets. On a
   comparable basis, excluding the impact of the acquisitions for comparable
   ownership periods in each year, advertising and total revenues would have
   increased as follows:

                                 Five Weeks           44 Weeks
                             Comparable Change   Comparable Change
                               Total              Total
                              Pulitzer   PNI     Pulitzer    PNI
    Advertising Revenue        4.9%      8.8%      5.5%      9.2%
    Total Revenue              5.1%      6.6%      4.7%      6.6%

   Note 2
   Includes revenues of the St. Louis Post-Dispatch, Suburban Journals of
   Greater St. Louis, St. Louis e-media operations, and STL Distribution
   Services.

   Note 3
   Certain reclassifications have been made to the 2003 financial statements
   and statistical data to conform with the presentation made in 2004.

  PULITZER INC. AND SUBSIDIARIES
  PERIOD REVENUE AND STATISTICAL REPORT

  SELECTED STATISTICAL INFORMATION

                       Five       Five               44        44
                       Weeks      Weeks             Weeks     Weeks
                       Ended      Ended             Ended     Ended
                      Oct. 31,    Nov. 2,          Oct. 31,   Nov. 2,
                       2004        2003    Change    2004      2003   Change
                                 (Note 3)                    (Note 3)
   Advertising Linage
    (in thousands
     of inches):

   ST. LOUIS POST-
    DISPATCH:
     Advertising Inches
      Full run
      (all zones)
       Retail           76.2        87.6  (13.0%)    615.2     630.5  (2.4%)
       National         19.8        21.3   (7.0%)    143.8     163.3 (11.9%)
       Classified       98.0        96.5    1.6%     842.1     870.0  (3.2%)
        Total          194.0       205.4   (5.6%)  1,601.1   1,663.8  (3.8%)
       Part run (Retail/
        Classified)     45.4        49.7   (8.7%)    417.3     409.8   1.8%
        Total Inches   239.4       255.1   (6.2%)  2,018.4   2,073.6  (2.7%)

   TUCSON NEWSPAPER AGENCY:
     Star/Citizen
      advertising inches
      Full run
       (all zones)
       Retail          136.3       142.9   (4.6%)  1,192.2   1,236.2  (3.6%)
       National          8.1        10.6  (23.5%)     61.0      76.1 (19.8%)
       Classified      168.1       155.3    8.3%   1,428.7   1,327.4   7.6%
        Total          312.5       308.7    1.2%   2,681.9   2,639.7   1.6%
       Part run (Retail/
        Classified)
        (Note 3)         2.6         2.9   (8.3%)     18.4      25.4 (27.6%)
        Total Inches   315.1       311.6    1.1%   2,700.3   2,665.1   1.3%

  Circulation (Note 4):
                                                  Year-to-Date
                        Period Average               Average
                        2004     2003   Change    2004     2003    Change

  ST. LOUIS POST-
   DISPATCH:
     Daily           299,482  285,000    5.1%   299,482   285,000   5.1%
     Sunday          453,644  448,805    1.1%   453,644   448,805   1.1%

  COMBINED PULITZER
   NEWSPAPERS, INC.:
     Daily           199,292  193,047    3.2%   190,919   190,633   0.2%
     Sunday          191,730  190,053    0.9%   188,963   190,190  (0.6%)

  TUCSON NEWSPAPER
   AGENCY:
     Star Daily      111,202  103,347    7.6%   105,609   103,098   2.4%
     Citizen Daily    31,289   32,253   (3.0%)   31,108    33,565  (7.3%)
       Combined
        Daily        142,491  135,600    5.1%   136,717   136,663   0.0%

     Star Sunday     167,236  169,844   (1.5%)  167,839   169,942  (1.2%)

  Online Page Views (in thousands):
                     Five      Five              44        44
                     Weeks     Weeks            Weeks     Weeks
                     Ended     Ended            Ended     Ended
                    Oct. 31,   Nov. 2,         Oct. 31,   Nov. 2,
                     2004       2003   Change    2004      2003    Change
                              (Note 3)                   (Note 3)

  St. Louis         44,591     29,126   53.1%  329,555    210,083  56.9%

  Combined PNI
    Web sites        9,364      8,031   16.6%   90,235     74,599  21.0%

  Combined Tucson
    Web sites        7,254      6,739    7.6%   66,231     66,338  (0.2%)

     Totals         61,209     43,895   39.4%  486,021    351,020  38.5%

   Note 4
   Year-to-date circulation levels represent averages (unaudited) for the
   current ABC annual audit periods ending September 30 and December 31 for
   the St. Louis Post-Dispatch and Tucson Newspaper Agency, respectively.
   Year-to-date PNI amounts represent combined averages (unaudited) for the
   annual periods ending December 31.


DATASOURCE: Pulitzer Inc.



CONTACT:  James V. Maloney, Director of Shareholder Relations, of

Pulitzer Inc., [phone]

Copyright