Skip to comments.Lee to acquire Pulitzer (newpaper publishers)
Posted on 01/30/2005 11:17:59 PM PST by Keith in Iowa
DAVENPORT Lee Enterprises, Incorporated, and Pulitzer Inc. announced late Sunday that they have entered into a definitive agreement for Lee to acquire Pulitzer for a cash purchase price of $64 per share, with enterprise value totaling $1.46 billion.
Pulitzer operates 14 daily newspapers, including the St. Louis Post-Dispatch, founded by legendary publisher Joseph Pulitzer in 1878. Others are the Arizona Daily Star in Tucson, Ariz.; The Pantagraph, Bloomington, Ill.; The Daily Herald, Provo, Utah; the Santa Maria Times, Santa Maria, Calif.; The Napa Valley Register, Napa, Calif.; The World, Coos Bay, Ore.; The Sentinel, Hanford, Calif.; the Arizona Daily Sun, Flagstaff, Ariz.; the Daily Chronicle, DeKalb, Ill.; The Garden Island, Lihue, Hawaii; the Daily Journal, Park Hills, Mo.; The Lompoc Record, Lompoc, Calif.; and The Daily News, Rhinelander, Wis.
(Excerpt) Read more at globegazette.com ...
First AT&T, now this...
You live in Davenport?
Nope. Near Mason City.
Thanks for answering. Does Lee Enterprises own your local paper like it does the Quad City Times, here in Davenport?
>>> Does Lee Enterprises own your local paper
Guess that was a stupid question.
They own just about everything...
Is there a chance that Lee will clear out that nest of traitorous vipers at the Post-Dispatch? If so, I will find the takeover most welcome.
More likely they'll give them raises, based on their editorial policies here in Davenport. Look at this as a time saver. I only have to really read the sports page and about a third of the comics. I can skim the rest of the paper quickly as most will already have been debunked here on FreeRepublic.