"Lee Enterprise must really be feeling the heat of trying to service almost $1 Billion in debt while attempting to maintain adequate Capitalization in order to avoid being de-listed from the NY Stock Exchange and becoming the Pink Sheet Stock"

"Lee Enterprise must really be feeling the heat of trying to service
almost $1 Billion in debt while attempting to maintain adequate
Capitalization in order to avoid being de-listed from the NY StockExchange and becoming the Pink Sheet Stock they deserve to be!

"Carl Schmidt, Lee vice president, chief financial officer and treasurer, said the company still has approximately one year remaining under an approved plan, subject to ongoing oversight, for returning to compliance with an NYSE standard requiring market capitalization of not less than $50 million over 30 consecutive days of trading. As of February 17, 2012, with approximately 51.7 million shares outstanding and a closing price of $1.13 per share, Lee’s market capitalization totaled $58.4 million.
Schmidt said that if the company’s average market capitalization
remains in excess of $50 million, the NYSE will consider granting a return to compliance in February 2013, or possibly sooner, based on market capitalization over at least two consecutive quarterly monitoring periods"

http://www.lee.net/newsreleases/pdf/Lee%20NR%20NYSE%20022112.pdf

A few days back Lee Enterprise sold their property in Oceanside that
housed employees of Lee Enterprise "North County Times". NOW, Lee
Enterprise  is consolidating operations in Nebraska!

"Lee Enterprises is closing the plant that produces the Fremont (Neb.)
Tribune and moving packaging and printing to the Lincoln (Neb.)
Journal Star, effective April 23.

The Journal Star, which had a new press installed in 2000, will also
produce the Columbus (Neb.) Telegram and several other publications
Lee owns.

“After extensive analysis and consideration of all options available,
we have determined that this move will offer the most efficient and
effective option for the production of our many products,” Tribune
Publisher Bill Vobejda said in a letter to employees.

The Tribune said Lee would have had to spend more than $400,000 to
upgrade or replace its aging production infrastructure, an outlay the
publisher wasn't able to justify.

Lincoln is about 55 miles south of Fremont and approximately 75 miles
southeast of Columbus."

http://www.newsandtech.com/dateline/article_1a79f442-67cc-11e1-b1a4-0019bb2963f4.html

How soon before Lee Enterprise starts throwing away employees or
cutting benefits again?"

Source:

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