© 2022 St. Louis Public Radio
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

Parent company of St. Louis Post-Dispatch announces Chapter 11 filing

Post-DispatchBldgFlickrpasa47.jpg
(via Flickr/pasa47)
/
The St. Louis Post-Dispatch building in St. Louis.

The owner of the St. Louis Post-Dispatch announced today that it will file for Chapter 11 bankruptcy this month.

Lee Enterprises, based in Davenport, Iowa, says it will allow the company to restructure its debt and exit bankruptcy within 60 days.

The company said in a press release that the filing would not affect employees, vendors and customers.

Lee owns 48 daily newspapers and nearly 300 specialty publications. It bought The Post-Dispatch from long-time owner Pulitzer, Inc. in 2005 in a cash deal valued at $1.46 billion.

Maria is the newscast, business and education editor for St. Louis Public Radio.

Send questions and comments about this story to feedback@stlpublicradio.org.