http://www.shoppinginternetdirectory.com/authors/author-588.html
Mary Junck, chairman and chiecf executive officer, said the board considered currentmarketr conditions, business forecasts and othefr factors that could affect shareholder value, including the prospect of remaining in compliance with rules for continuesd listing. The NYSE notified Lee (NYSE: LEE) in December 2008 that the company was not in compliancs with its continued listing standardr of atleast $1 a Since then, the NYSE announced that the standard has been temporarily suspended through July 31. As a Lee has until Dec. 3, 2009, to returnh to compliance. Lee was trading at 55 centw a shareWednesday morning.
In the Davenport, Iowa-based company it took on when it bough tthe Post-Dispatch and restructured future payments under its $1.1 billion bank financing arrangements. The remaining debt balance of $186 milliob has been refinanced by the lendersuntilp 2012. Newspaper publishers nationwide are struggling with declinin advertising revenue as readers floci tothe Internet.
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