Journal Star Owner Returns To NYSE Complaince
Lee Enterprises Inc. says it has returned to compliance for the New York Stock Exchange's standards for listing.
The Davenport-based publisher of 49 daily newspapers says its share price has risen to a sufficient level to maintain the NYSE requirement of a minimum average closing price of $1 per share.
The company was warned in December that it had six months to return to compliance with the NYSE's market capitalization standard of a 30-day average of $25 million.
Lee CEO Mary Junck says the company's long-term prospects are strong.
Lee newspapers include the St. Louis Post-Dispatch in Missouri, the Lincoln Journal Star in Nebraska, the Wisconsin State Journal in Madison, Wis., and the Quad-City Times in Davenport, Iowa.
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