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Daily Star parent lost $78 million in 2013

Analyst blasts company's operations

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."

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2 comments on this story

Nov 13, 2013, 4:29 pm
-0 +3

This breaks my heart for my friends in the news print biz.  I shed no tears for the idiot corporation, investors, or banks.. they won’t be the ones hurt by this…..

Nov 13, 2013, 4:30 pm
-0 +4

Paywall or just admit failure and close the shop? The end result would be exactly the same either way.

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