St. Louis Post-Dispatch Publisher Heads Into Ch. 11
The same decline in advertising revenues that is “generally afflicting” the newspaper industry have left the Davenport, Iowa-based company unable to service its debt, which totals $1.3 billion against $1.2 billion in assets, according to a declaration from Lee Chief Financial Officer Carl G. Schmidt.
“Absent the filing of these Chapter 11 cases, the company...
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