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Debt trouble at Lee Enterprises Inc. triggers auditor’s warning

January 2, 2009 /

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The MDT Disadvantaged Business Enterprise (DBE) Program encourages and supports the participation of companies owned and controlled by socially and economically disadvantaged individuals in transportation contracts.

Lee Enterprises Inc. http://www.lee.net/, publisher of the St. Louis Post-Dispatch, and other newspapers, said in a regulatory filing that it will have trouble paying its debt over the next two years because of severe reductions in revenue.

The company also disclosed that its outside auditor is questioning Lee’s ability to remain a "going concern" if the company is unable to refinance some loans.

By ANICK JESDANUN, AP Business Writer

Full Story: http://www.sfgate.com/cgi-bin/article.cgi?file=/n/a/2009/01/02/financial/f123519S28.DTL

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