Buyout Positions Lee at No. 4; the $1.46 Billion Deal Adds 14 Daily Papers, Including the St. Louis Post-Dispatch

Summary


ST. LOUIS (AP) - Lee Enterprises Inc. is buying Pulitzer Inc. - publisher of the St. Louis Post-Dispatch founded by famed newspaperman Joseph Pulitzer - in a $1.46 billion deal that Lee says would give it the nation's fourth biggest roster of daily newspapers.

The nation's biggest newspaper publisher, Gannett Co., said it also had been a bidder for Pulitzer, whose 14 daily newspapers also include the Arizona Daily Star.

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Buyout Positions Lee at No. 4; the $1.46 Billion Deal Adds 14 Daily Papers, Including the St. Louis Post-Dispatch

Lee and Pulitzer said the deal, unanimously approved by both b...

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