Juncked: Lee files for Chapter 11 refinancing.It's been speculated for months. And today it finally happened. Lee Enterprises, the Iowa-based publisher that took on a massive amount of debt in 2005 to purchase the St. Louis Post-Dispatch, has filed for bankruptcy. Below is a letter that Lee ... More >>
courtesy of Google Finance.Lee Enterprises' stock (shown in blue) is down 20 percent in the last six months, as this graph shows. Fellow media giants Gannett (in red) and McClatchy (in yellow) have also lost considerable value.Another quarterly report, another piece of bad news.That's the woefull ... More >>
Online revenue is growing for the Post-Dispatch's parent company -- but not nearly fast enough to replace the print advertisers being lost.Profits up; revenue down -- that generally means fewer journalists.That's the latest news from Lee Enterprises, based in Davenport, Iowa. The St. Louis Post-D ... More >>
Even Queen Oprah must bow down to the overpowering literary force that is Freedom. Although she doesn't plan to reveal her new book club selection till tomorrow's show, the Associated Press reports that the Queen of Talk, like everyone else (except the Washington Post's Ron Charles) thinks Jo ... More >>
A chef finds toads outside a Davenport, Iowa, restaurant. He's videotaped licking and kissing said frogs. Said video ends up online. Can't imagine how this will end... I don't know what the big deal is. Back when I lived in Iowa, this sort of crap went on all the time. WQAD, via Eater.
This just in: Lee Enterprises, publisher of the St. Louis Post-Dispatch and a host of other newspapers, lost another 4.9 percent in ad revenue this quarter.That's not, of course, a headline you'll see in the Post-Dispatch. In its brief report on page A11, the paper reports the latest quarter's fi ... More >>