nyse lee industry media founded 1890 founder a. w. lee headquarters davenport iowa united states key people mary junck executive chairman kevin mowbray president and ceo products newspapers and television station revenue us 648.5 million 2015 1 operating income us 109.3 million 2015 1 net income us 24.31 million 2015 1 total assets us 763.5 million 2015 1 number of employees 10 700 2 website lee enterprises website lee enterprises is a publicly traded american media company . it publishes 54 daily newspapers in 23 states and more than 300 weekly classified and specialty publications . lee enterprises was founded in 1890 by alfred wilson lee and is based in davenport iowa . the company also provides online services including websites supporting its daily newspapers and other publications . as of september 2013 lee had 23.2 million unique web and mobile visitors with 209.1 million pages viewed . lee also owns 82.5 % of townnews.com an internet service company . the company offers commercial printing services to its customers . lee enterprises is currently the fourth largest newspaper group in the united states of america . the company acquired howard publications 16 daily newspapers for 694 million in 2002 3 and pulitzer inc. 14 daily over 100 non daily for 1.5 billion in 2005 . 4 since january 2012 its executive chairman mary junck has also been chairman of the associated press . 5 contents 1 chapter 11 bankruptcy debt discharge and reorganization 2011 2 bailout and recapitalization 2013 3 lee newspapers 12 4 television subsidiary sale 2000 5 references 6 external links chapter 11 bankruptcy debt discharge and reorganization 2011 edit the company filed for chapter 11 bankruptcy in 2011 . 6 it emerged from bankruptcy less than two months later . in april 2012 warren buffett took a stake in lee enterprises through berkshire hathaway inc. buying 85 million of the company s debt from goldman sachs group . 7 in june 2012 berkshire hathaway filed an amended form 13f 13f hr a for the period ending march 31 2012 . 8 this document disclosed that berkshire accumulated 2 119 000 or 1 655 125 common shares of lee enterprises or a 3.2 percent stake . 9 the document noted that the confidentiality of this transaction was requested but denied by the sec on may 25 2012 . 10 bailout and recapitalization 2013 edit in april 2013 lee enterprises announced that berkshire hathaway refinanced the remaining pulitzer acquisition debt equating to 94 million . 11 lee enterprises incurred no cost for doing this . the collateral involved was the tni partner stake including the arizona daily star and azstarnet.com . the result of this was a reduction in interest from a variable rate of 11.3 % to a fixed rate of 9 % while at the same time extending the debt maturity date of the debt from december 2015 to april 2017 . at the time of the announcement lee enterprises noted they had 893 million left to pay off . lee paid off and retired its new pulitzer notes in june 2015 6 months before the original maturity date and 22 months before the new maturity date . lee also refinanced its remaining debt in 2014 in order to extend the maturities from 2015 and 2017 to 2019 and 2022 . lee newspapers 12 edit state city newspaper arizona flagstaff arizona daily sun tucson arizona daily star california hanford the sentinel lompoc the lompoc record napa napa valley register santa maria santa maria times hawaii lihue the garden island idaho burley south idaho press twin falls times news illinois bloomington the pantagraph carbondale the southern illinoisan charleston times courier decatur herald & review gibson city gibson city courier mattoon journal gazette indiana munster the times iowa davenport quad city times mason city globe gazette osage mitchell county press news muscatine muscatine journal sioux city sioux city journal waterloo waterloo cedar falls courier kentucky maysville the ledger independent minnesota winona winona daily news missouri park hills daily journal st. louis st. louis post dispatch town and country suburban journals montana billings billings gazette butte montana standard hamilton ravalli republic helena independent record missoula missoulian nebraska beatrice beatrice daily sun columbus columbus telegram fremont fremont tribune lincoln lincoln journal star nevada elko elko daily free press new york auburn the citizen glens falls the post star north dakota bismarck the bismarck tribune oregon albany albany democrat herald bandon bandon western world coos bay the world corvallis corvallis gazette times lebanon lebanon express reedsport the umpqua post pennsylvania carlisle the sentinel south carolina orangeburg the times and democrat south dakota rapid city rapid city journal utah provo the daily herald washington longview the daily news wisconsin baraboo baraboo news republic beaver dam daily citizen black river falls jackson county chronicle chippewa falls the chippewa herald la crosse la crosse tribune madison the capital times madison wisconsin state journal mauston juneau county star times portage portage daily register racine the journal times reedsburg reedsburg times press sauk city sauk prairie eagle viroqua the vernon broadcaster westby the westby times wisconsin dells wisconsin dells events wyoming casper casper star tribune newspaper owned by capital newspapers a partnership with the capital times company . television subsidiary sale 2000 edit this section does not cite any sources . please help improve this section by adding citations to reliable sources . unsourced material may be challenged and removed . may 2015 learn how and when to remove this template message lee formerly operated a broadcasting division which it sold in 2000 to pay off debt and in order to focus on newspaper publishing . most of the tv stations were sold to emmis communications 1 and have all been sold as of 2007 to other companies . indicates that it was built and signed on by lee enterprises . city of license market station channel tv rf years owned current ownership status tucson kgun 9 9 1986 2000 abc affiliate owned by the e. w. scripps company honolulu kgmb 9 now 5 23 1977 2000 cbs affiliate owned by raycom media mason city rochester austin kglo tv 3 42 1954 1977 cbs affiliate kimt owned by media general topeka kansas ksnt 27 27 1995 2000 nbc affiliate owned by media general wichita hutchinson kansas ksnw 3 45 1995 2000 nbc affiliate owned by media general great bend ksnc satellite of ksnw 2 22 1995 2000 nbc affiliate owned by media general garden city kansas ksng satellite of ksnw 11 11 1995 2000 nbc affiliate owned by media general mccook nebraska ksnk satellite of ksnw 8 12 1995 2000 nbc affiliate owned by media general hannibal quincy keokuk macomb khqa tv 7 7 1953 1986 cbs affiliate owned by sinclair broadcast group mankato keyc tv 12 12 1960 1977 cbs affiliate owned by united communications corporation omaha council bluffs kmtv 3 45 1986 2000 cbs affiliate owned by the e. w. scripps company albuquerque santa fe kggm tv krqe 13 13 1991 2000 cbs affiliate owned by media general portland koin 6 40 1977 2000 cbs affiliate owned by media general el paso las cruces ciudad ju rez kmaz 48 47 1993 1998 telemundo affiliate ktdo owned by zgs communications huntington charleston wsaz tv 3 23 1971 2000 nbc affiliate owned by gray television in addition lee also operated kasy tv in albuquerque which was owned by ramar communications . that station was a upn affiliate . kasy was sold to wb affiliate kwbq in 1999 when the lma was terminated . references edit a b c d http lee.net financial annual report pdf 51777fbc f5cd 11e5 9f75 5fa39a2c6c14.html lee enterprises inc. publishing newspapers online shoppers classified specialty publications lee enterprises buys howard publications . editor & publisher . february 2 2002 . retrieved 7 july 2012 . steinberg jacques february 1 2005 . pulitzer to be acquired by lee enterprises . new york times . retrieved 7 july 2012 . mary junck of lee enterprises named new ap board chairman associated press press release january 26 2012 . newspaper group lee enterprises files for bankruptcy thomson reuters december 12 2011 . warren buffett building newspaper empire deal journal . blogs.wsj.com . 2012 . retrieved 13 april 2012 . berkshire hathaway sec archives march 31 2012 13f hr a amendment reuters june 6 2012 . shares of lee enterprises surge after buffett buys stake . new york times . retrieved 7 july 2012 . kraut dan june 5 2012 . buffett s berkshire discloses stake in lee enterprises . bloomberg . retrieved 7 july 2012 . lee enterprises refinances 94 million in debt . nwitimes.com . april 30 2013 . retrieved 11 may 2013 . lee enterprise markets . retrieved 22 june 2015 . external links edit lee enterprises newspapers history v t e lee enterprises inc. newspapers albany democrat herald arizona daily sun arizona daily star baraboo news republic beatrice daily sun billings gazette the bismarck tribune casper star tribune columbus telegram daily chronicle beaver dam daily citizen daily journal elko daily free press globe gazette herald & review independent record journal gazette la crosse tribune lompoc record the montana standard missoulian muscatine journal napa valley register the pantagraph philomath express quad city times ravalli republic santa maria times the sentinel shawano leader sioux city journal the southern illinoisan times news times courier the times the ledger independent st. helena star st. louis post dispatch fremont tribune lincoln journal star the citizen the post star the world corvallis gazette times lebanon express the sentinel the times and democrat rapid city journal the daily herald the daily news the chippewa herald the capital times portage daily register the journal times the daily news the waterloo cedar falls courier winona daily news wisconsin state journal acquisitions howard publications pulitzer scripps league newspapers v t e davenport iowa city and government history central fire station davenport city hall davenport public library davenport register of historic properties national register of historic places downtown east west neighborhoods scott county court house u.s. court house landmarks figge art museum modern woodmen park northpark mall oakdale memorial gardens outing club putnam museum rivercenter adler theatre river music experience skybridge sacred heart cathedral trinity episcopal cathedral education davenport community school district kaplan university palmer college of chiropractic st. ambrose university marycrest college historic district central high school mid city high school north high school west high school assumption high school transportation davenport municipal airport sergeant john f. baker jr. bridge citibus crescent rail bridge government bridge rock island centennial bridge neighborhoods college square cork hill crescent warehouse hamburg mcclellan heights prospect park riverview terrace vander veer park west third street village of east davenport parks centennial park credit island duck creek park and golf course duck creek parkway emeis park and golf course indian springs park fejervary park leclaire park lindsay park riverfront parkway schuetzen park sunderbruch park vander veer botanical park veterans memorial park other african americans bix beiderbecke memorial jazz festival bix 7 road race duck creek lock and dam no. 15 northpark mall quad city air show retrieved from https en.wikipedia.org w index.php title lee enterprises & oldid 739426090 categories companies listed on the new york stock exchangepublishing companies established in 1890companies based in iowadavenport iowanewspaper companies of the united stateslee enterprises publicationscompanies based in the quad citiesmedia in the quad citieshidden categories articles needing additional references from may 2015all articles needing additional references navigation menu personal tools not logged 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