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Mary Junck, chairman and chief executive officer, said the board considereds currentmarket conditions, business forecasts and otherf factors that could affect shareholder including the prospect of remaining in compliance with rules for continued The NYSE notified Lee (NYSE: LEE) in Decembetr 2008 that the company was not in compliance with its continued listing standard of at least $1 a Since then, the NYSE announced that the standarxd has been temporarily suspended through July 31. As a Lee has until Dec. 3, to return to compliance.
Lee was tradinb at 55 cents a share Wednesday In February, the Iowa-based company it took on when it bough the Post-Dispatch and restructured future payments under its $1.1 billion bank financinf arrangements. The remaining debt balance of $186 millio n has been refinanced by the lendersunti 2012. Newspaper publishers nationwide are strugglinyg with declining advertising revenue as readers flock tothe
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