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 | Wed | Thu | Fri | Sat | Sun | Mon
Burlesque Fitness

Burlesque Fitness @ Floor Polish

Mondays, Wednesdays, 4:30-5:30 p.m.

All of today's events | Staff Picks

Staff Pick

@ Mission Garden Saturdays, 8 a.m.-12 p.m. Continues through Nov. 24 Corner of Grande Avenue and Mission Lane.

» More Picks

Submit an Event Listing

Popular Content

  1. Three Great Things to Do in Tucson Today: Monday, August 13 (The Range: The Tucson Weekly's Daily Dispatch)
  2. ZoSo Brings the Sounds of Zep to Rialto (The Range: The Tucson Weekly's Daily Dispatch)
  3. A Review of David Garcia's Book, "School Choice" (The Range: The Tucson Weekly's Daily Dispatch)
  4. Sahuarita Dance Team on America’s Got Talent Tomorrow! (The Range: The Tucson Weekly's Daily Dispatch)
  5. Three Great Things to Do in Tucson Today: Tuesday, August 14 (The Range: The Tucson Weekly's Daily Dispatch)

© 2018 Tucson Weekly | 7225 Mona Lisa Rd. Ste. 125, Tucson AZ 85741 | (520) 797-4384 | Powered by Foundation