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Daily Star parent gives execs $1.1 million in bonuses

Lee Enterprises, the troubled newspaper chain the owns the Arizona Daily Star, is yet again giving top executives six-figure bonuses. The company's reasoning? Lee's honchos revamped the chain's debt load, stretching out payment terms while slightly bumping the interest rate as Lee refinanced about $800 million in debts.... Read more»1

Daily Star parent gives execs $1.25M in holiday bonuses - on $78M loss

Just two weeks after acknowledging a $78 million loss in 2013, the parent company of the Arizona Daily Star gave top executives Thanksgiving-eve gifts of company stock worth over $1.25 million — including 200,000 shares worth $722,000 given to Mary Junck, head of Iowa-based Lee Enterprises. Plus, what's up with the Star's paywall for online readers?... Read more»1

Daily Star parent lost $78 million in 2013

Lee Enterprises, the troubled newspaper chain that owns the Arizona Daily Star, lost $77.7 million in FY 2013, far exceeding 2012's loss of $16.3 million. The company did manage to pay down $98.4 million of its near billion-dollar debt. An analyst for Seeking Alpha blogged that investors should short the stock of a company that is "burning the furniture."... Read more»2

Daily Star parent reports $1.5 million 3Q loss

Lee Enterprises, the troubled parent company of the Arizona Daily Star and about 50 other newspapers, reported a $1.5 million third-quarter loss, lower than last year's 3Q loss of $155 million. But the company's revenues fell 4.3 percent, and employment was down 7.5 percent.... Read more»4

Daily Star parent awards CEO $500k after bankruptcy exit

The CEO of Lee Enterprises was awarded a $500k bonus after the troubled newspaper chain emerged from bankruptcy, the firm disclosed Tuesday. Lee publishes the Arizona Daily Star, St. Louis Post-Dispatch, and dozens of other newspapers around the U.S.... Read more»2

Lee Enterprises

Daily Star parent to institute paywall plan

Lee Enterprises, the long-troubled parent company of the Arizona Daily Star and other daily newspapers, plans to charge readers to access the chain's websites, the company announced Wednesday.... Read more»1

Daily Star parent's bankruptcy plan gets court OK

A federal judge gave the nod Monday to a plan that puts off the day of reckoning for newspaper chain Lee Enterprises, the publisher of the Arizona Daily Star, St. Louis Post-Dispatch and some 50 other newspapers. Lee now has more time to pay off its $1 billion debt.... Read more»1

Daily Star parent files bankruptcy

Lee Enterprises, the troubled parent company of the Arizona Daily Star, filed a "prepackaged" Chapter 11 bankruptcy Monday, asking a court to delay the due date on its $1 billion debt.... Read more»1

Lee Enterprises

Daily Star's corporate parent filing bankruptcy

Lee Enterprises, the troubled parent company of the Arizona Daily Star, announced Friday that it will file a "prepackaged" bankruptcy as it struggles to push back paying off its $1 billion debt. The company is declaring Chapter 11 bankruptcy after a minority of lenders refused to extend their loan terms.... Read more»1