Lee Enterprises | Street Fight

Will Local Media Consortium Save Lee From Knife’s Edge?

Tom Grubisich

Will Local Media Consortium Save Lee From Knife’s Edge?

Lee Enterprises is meeting its Chapter 11 debt obligations, recently stretched out debt payments at lower interest, and has cut expenses by $285 million — albeit at cost to editorial quality at the local and community levels. But with the company likely having done much of the cost cutting available, the pressure is on to keep increasing digital ad revenues…