Lee decides against reverse stock split - Los Angeles Business from bizjournals:

http://www.colsol.org/article/A-new-medium-sized-model---.html
Mary Junck, chairman and chief executiv e officer, said the board considered current market business forecasts and other factors that could affectshareholdee value, including the prospect of remainingb in compliance with rules for continued listing. The NYSE notifiexd Lee (NYSE: LEE) in Decembere 2008 that the company was not in compliance with its continuedr listing standard of atleast $1 a Since then, the NYSE announcex that the standard has been temporarily suspendes through July 31. As a Lee has until Dec. 3, 2009, to return to Lee was trading at 55 centsw a shareWednesday morning.
In the Davenport, Iowa-based company it took on when it boughythe Post-Dispatch and restructured future payments under its $1.1 billion bank financing arrangements. The remaining debt balance of $186 million has been refinancer by the lendersuntil 2012. Newspapef publishers nationwide are struggling with decliningt advertising revenue as readers flock tothe