1. Lee Who?
- Author
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Robertson, Lori
- Subjects
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NEWSPAPERS , *JOURNALISM - Abstract
This article focuses on the acquisition of Pulitzer Inc. and its flagship Saint Louis Post-Dispatch by newspaper chain Lee Enterprises. Founded in 1890 with A.W. Lee's purchase of Iowa's Ottumwa Courier, Lee has remained below the journalism industry radar, mostly because the vast majority of Lee's 44 dailies (pre-Pulitzer) are under 30,000-circulation. The company puts out good newspapers at healthy, consistent profit margins, focuses on building revenue and often outperforms other companies in advertising growth. Its papers have gotten little national recognition for journalism. But the Pulitzer deal, a $1.46 billion cash purchase announced January 2005, changes that. The deal is set to close by the end of June 2005. The acquisition of the Post-Dispatch is a decided departure from the company's small-paper history. INSETS: An Enterprising Company;Find Your Niche.
- Published
- 2005