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'St. Louis Dispatch' Owner Goes Chapter 11
- St. Louis Business Journal, Monday, December 5, 2011 2:06 PM
The parent company for the St. Louis Dispatch, Davenport, Iowa-based Lee Enterprises, will be filing Chapter 11 bankruptcy by Dec. 12 to refinance a debt of $1 billion.
The company previously tried such strategies as layoffs, buyouts and paycuts to reduce costs. Its newspaper holdings in Tucson, Ariz. and Madison, Wisc., are not affected by the filing.
