According to Reuters News wire, Lee Enterprises of Davenport IA was warned that its stock price was falling below the minimum to trade on the New York Stock Exchange (NYSE) July 14, 2011.
read more: http://www.reuters.com/article/2011/07/14/idUS224526+14-Jul-2011+HUG20110714
The debt load due in April 2012 might be too much for LEE Enterprises, the USA print media company which owns nearly 50 papers in 23 states.
LEE should learn from ENRON, don't inflate your worth, it just makes the crash worse. Goldman Sacks has made some effort to spare Lee Enterprises with a structured bankruptcy.
UPDATE: NYSE warns Lee Enterprises for second time of less than $1 stock trade price....
[courtesy of Des moines Register]
waymarketing.com
Wouldn't that mean that the US Government would own LEE, [Goldman Sacks] and continue the misinformation, and defamation that makes LEE what it is today? That is not advertising revenue on Lee's balance sheet, it's payoffs in the state of Montana where LEE enjoys a print media monopoly, and a symbiotic relationship with state and local government.
The Saint Louis Post Dispatch purchase is an anchor around the Lee organization, thinking they were too big to not be able to handle the excessive purchase price in circa. 2007.
Powerful people like Mary Junck, CEO are lost in their own world. When journalistic standards have corportized print media, the integrity falls out of the written product, and the bottom line.
Now the victims of Lee Enterprises need only wait: the economy will strangle a company that lost sight of values, and only targeted the bottom line. The problem is, the bottom has dropped out for Lee. No matter a bailout, or structured bankruptcy, the values at LEE continue to suck, and will lead to their continued demise in the United States. Let the print media suffer from their mistake:
altering journalism standards for profits will not sustain itself in a free market.
read more: http://www.reuters.com/article/2011/07/14/idUS224526+14-Jul-2011+HUG20110714
The debt load due in April 2012 might be too much for LEE Enterprises, the USA print media company which owns nearly 50 papers in 23 states.
LEE should learn from ENRON, don't inflate your worth, it just makes the crash worse. Goldman Sacks has made some effort to spare Lee Enterprises with a structured bankruptcy.
UPDATE: NYSE warns Lee Enterprises for second time of less than $1 stock trade price....
[courtesy of Des moines Register]
waymarketing.comLee Enterprises HQ, Davenport, Iowa USA
(say, isnt 6 stories high enough to crack Humpty Dumpty's Head?)
Wouldn't that mean that the US Government would own LEE, [Goldman Sacks] and continue the misinformation, and defamation that makes LEE what it is today? That is not advertising revenue on Lee's balance sheet, it's payoffs in the state of Montana where LEE enjoys a print media monopoly, and a symbiotic relationship with state and local government.
The Saint Louis Post Dispatch purchase is an anchor around the Lee organization, thinking they were too big to not be able to handle the excessive purchase price in circa. 2007.
Powerful people like Mary Junck, CEO are lost in their own world. When journalistic standards have corportized print media, the integrity falls out of the written product, and the bottom line.
Now the victims of Lee Enterprises need only wait: the economy will strangle a company that lost sight of values, and only targeted the bottom line. The problem is, the bottom has dropped out for Lee. No matter a bailout, or structured bankruptcy, the values at LEE continue to suck, and will lead to their continued demise in the United States. Let the print media suffer from their mistake:
altering journalism standards for profits will not sustain itself in a free market.
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