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.
Ahhh....
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
Yes.
Guess that was a stupid question.
They own just about everything...
Sorry.
;-)
Ping....
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.
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