As Expected, Lee Enterprises Files Prepackaged Chapter 11 Cases in Delaware Sunday Night

As the companies had previously stated their intention to do, Lee Enterprises, Inc. and a host of affiliated companies filed prepackaged chapter 11 cases on Sunday night in Wilmington, Delaware.  The companies, which trace their history to the 1890 founding of Lee in Ottumwa, Iowa, publish 48 daily and approximately 300 weekly newspapers in 23 states.  Among their most notable publications are the Saint Louis Post-Dispatch, the Quad-City Times and the Arizona Daily Sun.  In total, the companies’ publications have a daily circulation of 1.3 million, employ over 6,000 people, and generated revenues of over $750 million in the last fiscal year.

The voluntary petition of Lee Enterprises, Inc. is embedded after the jump.