Lee Enterprises regains compliance with NYSE share price standard
DAVENPORT, Iowa (February 21, 2012) – Lee Enterprises, Incorporated (NYSE: LEE) has received
notification that it has returned to compliance with the New York Stock Exchange’s share price
standard.
In a letter dated February 17, 2012, the NYSE confirmed that Lee is again in compliance with its
standard requiring listed companies to maintain an average closing price of at least $1.00 per share
over 30 consecutive days of trading.
Mary Junck, Lee chairman and chief executive officer, said: “As we expected, investor sentiment has
improved with the implementation of our refinancing agreements on January 30. We appreciate the
confidence of our stockholders as we advance our many initiatives to drive revenue, build even larger
audiences and resume overall growth.”


Of course, we all know Lee Enterprises has an enormous debt to service and timely payments must be made. SO - the questions arises - just how is Mary Junck financing that debt? Is it through the time honored tradition of hard work and innovation? Is it by marketing themselves to mass-appeal? Is it by working to increase their relevance and circulation?

NO!

They using that TACTICS OF DESPERATION!  SELLING ASSETS!


Lee Enterprises Inc., parent company of the North County Times newspaper, has sold three industrial properties in Oceanside for a total of $3.75 million.
The 45,000-square-foot building at 1722 South Coast Highway was sold to San Diego Coffee, Tea & Spice Inc. for sales and production purposes, according to a Feb. 28 statement from Cassidy Turley BRE Commercial, which represented Lee Enterprises.
San Diego Commercial Realty Services Inc. represented the buyer.
According to CoStar Group, the deal was completed Feb. 21 and also included a 5,000-square-foot building at 1715 S. Freeman St., and a land parcel of 0.15 acres at the same site.
North County Times was the main tenant of the buildings at the time of sale.
Who is the main tenant? Why the North County Times - a Lee Enterprise newspaper!!!
NOW WHAT? WHAT is the future of the people that make up the North County Times?
OCEANSIDE, CA-Cassidy Turley BRE Commercial has closed the sale of an industrial building in Oceanside. Lee Enterprises Inc. has sold the 49,000-square-foot building at 1722 South Coast Highway for $3.75 million to San Diego Coffee, Tea & Spice.
The new owner will use the industrial facility for production and sales purposes. In the deal, Lee Enterprises was represented by Cassidy Turley and San Diego Coffee, Tea & Spice was represented by SD Commercial
Will there be layoffs and downsizing? What does the future hold for the people about to be displaced?
I'll leave that part of the investigation to you -

Source Sent in By a Reader