"DAVENPORT, Iowa—Newspaper publisher Lee Enterprises Inc. said Monday that a judge had approved its debt refinancing plan, which will allow it to emerge from prepackaged Chapter 11 bankruptcy on Jan. 30.
"The publisher of the St. Louis Post-Dispatch and nearly 50 other newspapers filed for bankruptcy protection on Dec.12 to compel a small minority of lenders to go along with a refinancing plan that gives the company more time to repay about $1 billion in debt. The plan extends due dates to December 2015 and April 2017.
"Lee CEO Mary Junck said the favorable outcome will give the company nearly four years to continue improving its balance sheet.
"Lee's stock jumped 21 cents, or 24 percent, to close at $1.10 on Monday."
Lee Enterprises Inc., of course, is the owner of the Journal Times. I didn't know that their stock was so low. Even as it is, I might be able to buy 5 or 10 of them. How do I do that? I've never owned stock before. I just want to be able to write letters to the editor complaining about various crap while harrumphing that I own stock in the company. "I am your boss," I may say. Or how about, "I own part of your ass,"?