Lee Enterprises Out of Bankruptcy
That does not include the $126.4 million debt Lee Enterprises incurred when it bought the Pulitzer company, which needs to be paid December 2015. That means the company has a total bill of $815.9 million for Christmas in 2015.
Lee Enterprises projects it will lose money for most of 2012 (a loss of $4.4 million is projected between February 1 and September of this year), but will somehow turn that around by 2015, when it will be making a projected $4.6 million profit.
One way or another, December 2015 looks to be a momentous month in these parts. Either Lee Enterprises caps a three-year run of increasing financial strength by paying off that $815.9 million debt, or it becomes a black Christmas for St. Louis.
It should be noted that none of the creditors who could vote in opposition to the restructuring did; so the companies that have their own cash on the line believe that Lee can somehow pull this off.