Lee Enterprises (NYSE: LEE) posted moderately falling Q2 profits and revenues. Net income dropped slightly to $22.5 million, or 49 cents a share, from $22.7 million, or 50 cents a share, a year earlier. Revenue fell 3.2 percent to $281.4 million. The Davenport, Iowa, publisher of the St. Louis Post-Dispatch pointed to a decline in real estate and department store advertising. The losses in those ad categories were cushioned by its involvement with Yahoo Hotjobs’ ad platform this past spring. The company also reported:

-- Total advertising revenue decreased 3.1 percent to $218.9 million from $226 million.

-- Online advertising grew 61.2 percent to $16.2 million from $10 million.

-- Combined print and online classified ad revenue slipped 2.1 percent, with employment up 7.6 percent, automotive down 9.1 percent and real estate down 8.3 percent.

-- Combined print and online national ad revenue was 13.6 percent lower than the year before. Year-to-date, that category’s ad revenue decreased 6.2 percent. Earnings release