St. Louis Post-Dispatch
Pulitzer chairman Michael Pulitzer says of Lee: “They share the same tradition and journalistic values that Pulitzer does. In my opinion, we couldn’t have found a better match for the company.” The deal makes Lee the fourth-largest U.S. newspaper publisher in terms of dailies owned, and the seventh-largest in terms of circulation. “Many industry analysts expected a bigger chain, such as Gannett Co., to buy Pulitzer,” notes Christopher Carey. “They also questioned Lee’s ability to bear the heavy debt it would take on in the deal.” (Related story from Lee’s Quad-City Times.) More from the Post-Dispatch:
> Pulitzer: Selling the company was “absolutely the right way to go”
> Pulitzer Inc. purchase is the largest in the history of Lee Enterprises
> Lee’s chief executive says no Post-Dispatch layoffs are planned
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