Death Watch—Rapid City Journal Parent Company Fights Collapsing Stock Prices

Thursday, 08 January 2009 16:29

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Lee Enterprises, Inc. owner of the Rapid City Journal, and more than one hundred other newspapers, including the St. Louis Post-Dispatch, the Billings Gazette, and the Lincoln Star Journal, has announced on its website that the Company received notification from the New York Stock Exchange on December 30 that it "has fallen below the NYSE's continued listing standard relating to average share price. The standard requires a minimum average closing price of $1 per share over a consecutive thirty trading-day period."

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Lee Enterprises, Inc. stock closed trading January 8, 2009 at 56c a share, down from a high of $13.31 in 2008.