PTZ Pulitzer

Pulitzer Inc. Announces Increase in Quarterly Dividend ST. LOUIS, Jan. 10 /PRNewswire-FirstCall/ -- The Board of Directors of Pulitzer Inc. (NYSE:PTZ) today announced the increase of the quarterly dividend on its Common Stock and Class B Common Stock to $0.20 per share from $0.19 per share. The cash dividend is payable February 1, 2005 to shareholders of record on January 21, 2005. "We are pleased to build on Pulitzer Inc.'s track record of increasing its quarterly dividend each year since becoming a public company in 1986," noted Robert C. Woodworth, President and Chief Executive Officer. The Company also confirmed that it is continuing to explore a range of strategic alternatives to enhance shareholder value, including a possible sale of the Company. No formal decisions have been made, and no agreements have been reached at this time. There can be no assurances that any particular alternative will be pursued or that any transaction will occur or on what terms. 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 more information, visit our Web site at http://www.pulitzerinc.com/ or contact James V. Maloney, Director of Shareholder Relations at Pulitzer Inc., at (314) 340-8402. DATASOURCE: Pulitzer Inc. CONTACT: James V. Maloney, Director of Shareholder Relations, Pulitzer Inc., +1-314-340-8402 Web site: http://www.pulitzerinc.com/

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