Wednesday, February 18, 2009

Weird Goings-On at 'Star' -- Are They Bankruptcy Clues?

Posted By on Wed, Feb 18, 2009 at 10:42 AM

We've received word from a couple of folks over at Tucson Newspapers that something rather strange is going on.

Here's what we've heard: Star employees, who normally are paid on Friday, got paychecks today--and those paychecks included cash-outs for whatever Lee Enterprises stock the employee had.

What does all this mean? Our best guess--and this is JUST a guess--is that this may be a prelude to a bankruptcy filing by Star parent company Lee Enterprises, which is overleveraged in debt and has been trying to renegotiate the terms of some of that debt.

We'll keep you posted as we find out more.

Comments (6)

Showing 1-6 of 6

Add a comment

 
Subscribe to this thread:
Showing 1-6 of 6

Add a comment

Previously in the Range

More by Jimmy Boegle

Today | Sun | Mon | Tue | Wed | Thu | Fri
Hip Hop Yoga

Hip Hop Yoga @ Floor Polish

Saturdays, 11:30 a.m.-12:30 p.m.

All of today's events | Staff Picks

Staff Pick

Carnival of Illusion: Magic, Mystery & Oooh La La!

This top-rated illusion show is "Revitalizing Magic" by blending an international travel theme with all the charms… More

@ Scottish Rite Grand Parlour Saturdays. Continues through April 14 160 South Scott Ave

» More Picks

Submit an Event Listing

Popular Content

  1. The Weekly List: 25 Things To Do In Tucson This Week (The Range: The Tucson Weekly's Daily Dispatch)
  2. Laughing Stock: The People's Pervert Does Christmas (The Range: The Tucson Weekly's Daily Dispatch)
  3. Lil Peep Passes Away Before Show at The Rock (The Range: The Tucson Weekly's Daily Dispatch)
  4. Democrats Luckier Than Education in 2017 City-Wide Elections (The Range: The Tucson Weekly's Daily Dispatch)
  5. The Weekly List: 30 Things To Do In Tucson This Week (The Range: The Tucson Weekly's Daily Dispatch)

© 2017 Tucson Weekly | 7225 Mona Lisa Rd. Ste. 125, Tucson AZ 85741 | (520) 797-4384 | Powered by Foundation