Friday, February 20, 2009

'Star' Parent Gets (Expensive) Lifeline

Posted By on Fri, Feb 20, 2009 at 1:28 PM

Earlier this week, we speculated that Arizona Daily Star parent company Lee Enterprises may be preparing for bankruptcy, based on the fact that all Star employees were mysteriously paid early.

Well, it looks like Lee is safe from bankruptcy--for a little while, at least--after refinancing some of its debt, albeit at a hefty cost.

If you're an accounting wonk with some free time, have at official Lee release is here

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