Posts tagged: Lee Enterprises
Lee Enterprises, the owner of the Times-News in Twin Falls and 47 other daily newspapers, across the country announced that it is seeking Chapter 11 bankrupcy protection in an effort to refinance some of its $904.5 million in debt. The company said in a news release that it expects to complete restructuring in two months or less and that the process won’t affect its workers. “All our digital and print products will be published as usual and no employees will be impacted,” Carl Schmidt, Lee’s vice president, chief financial officer and treasurer, said in a company news release Dec. 2/Brad Iverson-Long, Idaho Business Review. More here.