Mary Junk Letter to Shareholders and Employers. Is Lee Enterprises Mary Junk telling the Truth?

Have a Tip on possible criminal activity of Mary Junck or Lee Enterprises? Email your Tip to Crystal@CrystalCox.com
"a PDF of Mary Junck's Jan 23, 2012 letter to Share Holders and Employees.

Note that FIRST, she denotes ONLY a 13% dilution in the value of Lee Ent. stock due to: "The refinancing extends the maturities of Lee's borrowings to December 2015 and April 2017 and included the issuance of 6,743,640 shares of Lee Common Stock, amounting to dilution of approximately 13% in the base of outstanding shares."

SO, LEE Ent. just issued a bunch of more worthless paper, to the tune of 6,743,640squares of toilet paper. Nothing backing these but blind faith.

NEXT, LEE Ent. is planning on pulling a Houdini by doing a "reverse stock split", whereby the total number of issued shares of LEE Ent. stock would be HALVED, thus having the effect of IMMEDIATELY DOUBLING their value, and catching DUMB and IGNORANT Investors off guard and having those not in the know thinking LEE Ent. did something worthwhile.

LEE Ent. is a desperate Corporation with a desperate CEO who is pulling every trick in the book to loot LEE Ent. dry before it collapses into a worthless heap.

From Investopedia:

Investopedia explains 'Reverse Stock Split'

For example, a 1-for-2 reverse split means you get half as many shares, but at twice the price. It's usually a bad sign if a company is forced to reverse split - firms do it to make their stock look more valuable when, in fact, nothing has changed. A company may also do a reverse split to avoid being delisted.

Read more: http://www.investopedia.com/terms/r/reversesplit.asp#ixzz1l8e4TTKP

"The refinancing extends the maturities of Lee's borrowings to December 2015 and April 2017 and included the issuance of 6,743,640 shares of Lee Common Stock, amounting to dilution of approximately 13% in the base of outstanding shares.

Implementation required a voluntary, prepackaged Chapter 11 process that successfully concluded on January 30, 2012."

http://money.cnn.com/news/newsfeeds/articles/reuters/HUG1581233.htm

Thank you for holding LEE Ent. and their worthless Juncks' feet to the fire."

Source: Send in By Reader

Mary Junck's Jan 23, 2012 letter to Share Holders and Employees.

Mary Junck to be Chairman of the AP, this is BAD News for NEWS Everywhere..

The AP takes a Story, Such as the Crystal L. Cox Blogger sued story, writes up one version of reality then sends it to ALL media outlets and the TV news who uses that same story without every looking into any of the documented facts.

Questions and Information Sent in By Reader. 
"Mary Junck has been named to lead the AP Board. Looking at the 2010 financial report for AP I find that they reported a loss of $14,722,000 for 2010.

They also ended their defined benefit pension plan for new Employees on Jan 15,2006. Further, they have engaged in aggressive staff cutting measures. IF I am reading the income tax accounting correctly (and I'm NOT sure) , the AP didn't pay income taxes in 2010 and instead collected $7,762,000 in "welfare benefits" from the taxpayers.

I also see under Long term debt they have a revolving credit line of $200M - HMM... could this be used to keep LEE Ent. going by reducing AP costs to LEE newspapers while the AP goes into debt?

Might Mary Junck be able to raid the pension plan assets of the AP to use creatively to assist LEE with on-going income requirements?"

PDF on AP, Audit Commitee

http://www.ap.org/annual11/media/APFinancials10.pdf

http://www.ap.org/annual10/media/APFinancials09.pdf

Have a Tip On Mary Junck, Lee Enterprises, or anything in this post?
Email me at Crystal@CrystalCox.com


"Mary E. Junck, the CEO of newspaper publisher Lee Enterprises Inc., was named chairman of The Associated Press board of directors Thursday."
Source of Quote and Full Article
http://online.wsj.com/article/AP48df735707ab4371926aca568ff54688.html

This is Disastrous, Lee Enterprises funds corruption by printing lies, and paid by politics and big companies to cover up crimes.. in my experience.  Lee Enterprise is the Kingpin of Corruption in towns and cities across this land, in my experience.  Paid to print lies and protect corruption.

Lee Enterprises, Lee Newspaper Chain,

Lee Enterprises, Lee Newspaper Chain...

I Believe Lee Enterprise Takes Money to Lie to Their Reader and therefore, Enables and Creates More Corruption in Montana..

Got a Tip on the Lee Newspaper Chain ?

Crystal@CrystalCox.com