The media group Lee Enterprises is seeing red in the budgetary woes.
$171 Million in the red, as losses in only 90 days [the third quarter].
read more: http://www.desmoinesregister.com/article/20110806/BUSINESS/108060302/-1/ENT06/Lee-Enterprises-reports-171-6-million-loss
This amounts to almost $2 Million dollars a day!
The CEO of the company bragged that the online ad revenue was up 22%. That and $1.25 might get you a cup of coffee at the corner diner, or pay the utility bill for four hours per month.
The arrogance factor, embedded in our corporate structure evident in ENRON will boost their fictitious worth to the public and it will make the crash of Lee Enterprises all the more spectacular.
The company model of defaming Americans for ad revenue and hype factor is eroding: Lee is charging viewers for online access, a sign that newspapers are not selling.
As the price of paper spikes, I noticed that Lee's Ravalli Republic Newspaper from Montana looked like a cocktail napkin in its $.75 per day dispensary window. It was pathetic---Just like Lee.
We always knew Lee Enterprises SUCKED. Now we are reading about it in real newspapers, and analysts describing the NYSE trading price staying below the minimum of one dollar.
read more: http://www.leeenterprisessucks.com/2011/08/nyse-warns-lee-enterprises.html
Lets hope the buyers understand they are buying into a lemon---that sour in everything they do.
$171 Million in the red, as losses in only 90 days [the third quarter].
read more: http://www.desmoinesregister.com/article/20110806/BUSINESS/108060302/-1/ENT06/Lee-Enterprises-reports-171-6-million-loss
This amounts to almost $2 Million dollars a day!
The CEO of the company bragged that the online ad revenue was up 22%. That and $1.25 might get you a cup of coffee at the corner diner, or pay the utility bill for four hours per month.
The arrogance factor, embedded in our corporate structure evident in ENRON will boost their fictitious worth to the public and it will make the crash of Lee Enterprises all the more spectacular.
The company model of defaming Americans for ad revenue and hype factor is eroding: Lee is charging viewers for online access, a sign that newspapers are not selling.
As the price of paper spikes, I noticed that Lee's Ravalli Republic Newspaper from Montana looked like a cocktail napkin in its $.75 per day dispensary window. It was pathetic---Just like Lee.
We always knew Lee Enterprises SUCKED. Now we are reading about it in real newspapers, and analysts describing the NYSE trading price staying below the minimum of one dollar.
read more: http://www.leeenterprisessucks.com/2011/08/nyse-warns-lee-enterprises.html
Lets hope the buyers understand they are buying into a lemon---that sour in everything they do.
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