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
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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
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