Lee Enterprises Files for Bankruptcy

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By: stltoday.com

Lee Enterprises, owner of the St. Louis Post-Dispatch and other newspapers, filed for prepackaged bankruptcy early today in an effort to refinance about $1 billion in debt.

The bankruptcy was expected. Two weeks ago, the Davenport, Iowa-based publisher announced it would file for bankruptcy "on or about Dec. 12" as part of a debt refinancing plan it had successfully negotiated with creditors.































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