The Suburban Journals of Greater St. Louis, the local newspapers owned by the same company as the Post-Dispatch and published online at stltoday.com are undergoing a major transition that involves shuttering two print editions and laying off twenty employees. The official announcement from parent ... More >>
The price of the Monday through Saturday Post-Dispatch increased 50 percent last week from $1.00 to $1.50. The Sunday paper also jumped 50 cents to $2.50.
Berkshire Hathaway, billionaire Warren Buffett's conglomerate, revealed in SEC filings Tuesday that the company has increased its stake in Lee Enterprises to the tune of 3.23 million shares. That just about doubles the amount of Lee stock Berkshire Hathaway owns, which it first acquired when Buffett ... More >>
It's a truly bad day for St. Louis journalism -- the Post-Dispatch has laid off 23 employees, including editors Judith Evans, Steve Parker, Daivd Sheets and Tim Bross, three reporters, a web editor and the editorial cartoonist. This comes one day after Mary Junck, CEO of the paper's owner Lee Enterp ... More >>
As you may have heard, the Post-Dispatch laid off 23 employees today. The company announced the development eventually, in this unbylined story. Is it unbylined because no one wanted to write it, or because there was no one left to write it, edit it and produce an image to accompany it? Lee Enterpri ... More >>
Lee Enterprises announced a third-quarter loss of only $1.5 million, which is down quite a bit from the losses of $155 million in the same quarter of the previous year. Successfully pushing that decimal point two places to the left means that shares only lost three cents of their value in the third ... More >>
Late Tuesday, Berkshire Hathaway -- the conglomerate controlled by investment wizard Warren Buffet -- was forced by SEC fiat to disclose that it had bought $2.1 million worth of shares in Lee Enterprises, parent company of the Post-Dispatch. So naturally, here's what happened:
Post-Dispatch employees enrolled in the Pulitzer pension plan received letters this weekend notifying them that Lee Enterprises chose to exercise an election that allowed the company to defer paying into the plan for all of 2011. So Lee deferred making payments to employee pensions for 2011, but gav ... More >>
Many of you shared our outrage a few weeks ago when we reported that Lee Enterprises, parent company of the Post-Dispatch, gave its CEO Mary Junck a $500,000 bonus for successfully guiding the corporation out of bankruptcy. CFO Carl Schmidt made out pretty well, too: He got $250,000. The P-D employ ... More >>
Late yesterday afternoon Lee Enterprises officially left behind its bankrupt status. The parent corporation of our own Post-Dispatch, as well as more than 40 other daily newspapers, successfully repackaged boatloads of debt without paying any of it down or selling it off. That means the big payme ... More >>
The nearest image of a "face palm" Joseph Pulitzer we could find.Here's betting that the corporate brass at Lee Enterprises up in Davenport has no idea that today is the anniversary of the founding of the Post-Dispatch. If it did, you'd think it would choose any day but today to officially fi ... More >>
Lee Enterprises stock has declined over the last fiscal year; revenue is expected to have dropped 3.3 percent during that time.The fiscal year is over for Lee Enterprises, the Iowa-based owner of the St. Louis Post-Dispatch, the Arizona Daily Star and a host of other daily newspapers -- and the n ... More >>
A subsidiary of Lee Enterprises hopes to take over management of freebie publication racks, like this one at Vintage Vinyl in the Delmar Loop.The publishers of such local indie publications as Sauce, Alive and Vital Voice have long relied on something of a free-for-all distribution system: They p ... More >>
Late yesterday afternoon, Iowa-based Lee Enterprises, parent company of the St. Louis Post-Dispatch and other newspapers, announced some potentially pretty good news: The company had gotten an agreement to push back the due date on some $864 million in debt.That deal is dependent on the company refi ... More >>
Lee Enterprises has loads of debt -- but the company's current market value has dipped below $50 million.Lee Enterprises -- parent company of the St. Louis Post-Dispatch, the Arizona Daily Star and a number of other smaller newspapers -- has been warned a second time in as many months that it cou ... More >>
Paper cuts: Hard to stop the bleeding.Lee Enterprises is mailing out buyout offers this week to its roughly 150 employees in the St. Louis Post-Dispatch newsroom. The Iowa-based parent company of the St. Louis daily has seen its depressed stock price dip impossibly lower this summer and hopes to ... 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 >>
Lee Enterprises could lose its spot on the New York Stock Exchange.The stock for Lee Enterprises, the Iowa-based newspaper company that owns the St. Louis Post-Dispatch, has dropped to bargain-level prices -- as of July 1, it was trading at a mere 99 cents per share.And that could have serious re ... More >>
A bad day for Lee Enterprises could become a bad day for the P-D.Lee Enterprises, the Iowa-based company that owns the St. Louis Post-Dispatch, the Arizona Daily Star and a host of smaller newspapers, has issued a press release that explains a bit about that very bad day the company had earlier t ... 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 >>
Ian FroebNosh, the neighborhood bistro, in MaplewoodNow open at 7322 Manchester Road in Maplewood is Nosh, which calls itself "The Neighborhood Bistro" so you won't confuse it with other downtown Maplewood bistros like the Post Sports Bar & Grill and Las Palmas.Kidding.Seriously, though, don' ... More >>
Ian FroebCopia, immediately after the 2007 fireGeorge Mahe reports on Feast (that's Feast, the St. Louis Magazine food blog, not Feast, the new culinary magazine from Lee Enterprises) that at long last Copia Urban Winery (1122 Washington Avenue) will reopen at 11 a.m. on Friday, June 25.Copia has ... More >>
Wikimedia CommonsTalk to the hand...The mood was somber on Saturday afternoon as St. Louis Post-Dispatch employees strode into their union meeting to vote on Lee Enterprises' "last, best and final [contract] offer."The St. Louis Newspaper Guild's contract for P-D employees expired in June 2009; t ... More >>
Wikimedia CommonsThe union that represents St. Louis Post-Dispatch employees has hired a pair of flacks who ran PR for the POTUS' '08 campaign in anticipation of a public fight with the paper's owner. Contract talks between the St. Louis Newspaper Guild and Lee Enterprises broke down last we ... More >>
Wikimedia CommonsNegotiations between the St. Louis Post-Dispatch's corporate parent and the local union that represents the paper's staff have so deteriorated that union officials have agreed to free up $500,000 in union assets for tarring and feathering. The St. Louis Newspaper Guild is n ... More >>
Torn to Shreds: The guild says negotiations with Lee have grown "acrimonious."The St. Louis Newspaper Guild reports that Post-Dispatch owner Lee Enterprises wants to cut wages 15 percent in the first year of a new contract and another 5 percent in both the second and third years of the agreement. ... More >>
It all piles up.Several dozen former employees of the Post-Dispatch gathered yesterday morning outside the newspaper's office on Tucker Boulevard to protest cuts to their health-care coverage. As first reported last week in Daily RFT, Lee Enterprises, owner of the paper, notified former employees ... More >>
Our years apart have not dimmed the torch Unreal carries for former Post-Dispatch gossip columnist Jerry Berger. (Now that we think of it, make that "former Post-Dispatch and Globe-Democrat gossip columnist Jerry Berger"!) Yet we realize that not every St. Louisan follows the Berge ... More >>
Several former Suburban Journals staffers tell Daily RFT that the regional chain of free weeklies laid off an undetermined number of sports and news reporters yesterday. At the same time, the Journals managers told staff that the chain is restructuring its editions, and going from sixteen to ten. ... More >>
flickr.com/photos/iboy_danielDetails are beginning to emerge from the meeting we told you about last month involving some of the nation's biggest newspaper publishers -- including Lee Enterprises owner of the Post-Dispatch. Last week the Wall Street Journal reported that the newspaper honchos ... More >>
fllickr.com/photos/Fish EnterTop executives from Lee Enterprises, owner of the St. Louis Post-Dispatch, were among a select group of newspaper heavyweights who assembled in secret Thursday for a series of hush-hush discussions, including the possibility of charging for Web content. The meetin ... More >>
Late last week Lee Enterprises informed all the St. Louis Post-Dispatch's non-union editors and managers that they are required to take a *second* week-long furlough in 2009. According to the memo circulated, the furlough days must be taken between June and September 27. This time, pay will be reduc ... More >>
Friday's "Ass Clown" poll was a close one with rowdy students, newspaper executives, Elks and questionable businessmen all in the the running. In the end, though, it was executives of U.S. Fidelis who earned the most ire among Daily RFT readers. The Wentzville-based auto-warranty firm is being inves ... More >>
An anonymous tipster tells me (briefly) that Lee Enterprises'/St. Louis Post-Dispatch's Suburban Journals is laying off its "creative department" today. (By my tally, the last pink-slipping, of 45 employees, occurred last fall.) Supposedly the creative jobs are being "outsourced." Not sure how many ... More >>
Read this morning on Post-Dispatch reporter Jeremiah McWilliams' beer blog that he wouldn't be posting anything for a whole week. Blame the cost-cutter du jour in the media business: the furlough.I guess I was too preoccupied with other projects to notice that the daily's union, the St. Louis Newspa ... More >>
The local daily continues to rejig operations in the wake of significant cost-cutting (layoffs), and is now hoping to ramp up online traffic (revenues) with a social networking portal a la Facebook and the New York Times' TimesPeople. Called MySTLToday, the application apparently launche ... More >>
Columnist and commentary page editor Eric Mink and prep/college sports editor Cameron Hollway were among the slew of folks who got pink-slipped at the local daily yesterday. The St. Louis Post-Dispatch laid off 39 employees across four departments, including fourteen from the newsroom. ... More >>
Lee Enterprises, the company that owns the St. Louis Post-Dispatch, awarded its own today in Davenport, Iowa. About the Post, a press release states:
Some 45 people were fired at Suburban Journals on Friday, the same day that its corporate sibling, the St. Louis Post-Dispatch, laid off seventeen newsroom employees.
Only a month after the St. Louis Post-Dispatch laid off eighteen staffers, another eighteen heads are said to be on the chopping block today.
Dale Singer, formerly the online news editor for STLToday.com and one of five editors laid off from the Post-Dispatch just several weeks ago, will bring his web expertise to The Beacon. Travis Pitts
Did the Post-Dispatch deliberately give its new blog the same title as the competition?
You've probably gawked at The Smoking Gun's smorgasbord of Tony La Russa drunk-driving video footage by now. No? Well, go here, if you must. This is what Florida's very liberal public-records law can do for you. (Hey, strong Sunshine laws are a very, very good thing in a free society, but that doe ... More >>
Former St. Louis Post-Dispatch editor Ellen Soeteber has been named the Edith Kinney Gaylord Visiting Professor in Journalism Ethics at the Walter Cronkite School of Journalism and Mass Communication at Arizona State University. Flight of the phoenix: Ellen Soeteber resurfaces in Sun Devil land A ... More >>
Super snaps to the Ladue News, which appears to have broken a chunk of the evolving St. Louis Centre story that earned banner placement in the Post-Dispatch yesterday. The eminent LN -- like the Post, part of the Lee Enterprises empire of fine journalism -- had the scoop back on August 3! Not that ... More >>
An embittered Post-Dispatch reporter says her editors hung her out to dry.
Unreal spills the beans
The Post goes pirate, our talking billboards return in a big, nerdy way, and a local blogger condemns snobby metrosexuals. Plus, Unreal asks the question on everyone's mind: "Is white trash deserving of nannies?"
Some say Pulitzer Inc.'s sale to Lee Enterprises blew in quicker than a shotgun wedding. Others saw it coming a mile away.