After furloughing hundreds of Lee Enterprise employees during the coronavirus economic downturn last quarter, the media company was able to pay billionaire Warren Buffet's finance company $36.7 million under the debt refinancing deal agreed to earlier this year.
Lee – owner of the Quad City Times and Dispatch/Argus and 75 other daily newspapers and online news sites – owes Buffet's BH Finance LLC more than $539 million, which carries an annual interest rate of 9 percent.
A fertilizer spill this month in southwest Iowa killed nearly all the fish in a 60-mile stretch of river with an estimated death toll of more than 750,000, according to Iowa and... more
The Iowa Senate on Monday sent a bill to the governor’s desk restricting stormwater and topsoil regulations, a measure Democrats say unfairly limits local control.
An India online media company, Quint Digital Limited of Delhi, has purchased a 10 percent stake in Lee Enterprises, Inc., owner of the Quad City Times, the Dispatch/Argus and more than 70 other media properties.
Quint Digital and three of its owners, Raghav Bahl, Ritu Kapur and Vidar Bahl... more