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@steve@s.yelvington.com
2026-01-12 16:04:10

It is one of the miracles of capitalism that a company that has been in business for a century or more, making crazy fat profit margins for generations, can manage to die in debt.
poynter.org/business-work/2026

Florida billionaire takes control of Lee Enterprises, easing debt and reshaping its leadership - Poynter
The deal cuts millions in annual interest payments, but what it means for the chain’s local papers remains uncertain