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Lee Shares Up

 Newspaper publisher Lee Enterprises has completed another step on its road to financial health. The media company based in Davenport, Iowa and the owner of the Southern Illinoisan, says it's returned to compliance with the minimum stock price rule set by the New York Stock Exchange.  As of last week, the price per share was at least one dollar on 30 consecutive days.  Thursday, its stock closed at a-dollar-12 per share.   Last summer, Lee was warned it could be de-listed, or dropped from the exchange, after its shares fell below one dollar. But following a short time in bankruptcy, and the re-financing of its debts, the share price has moved up.    Also recently, the company asked shareholders for permission to do a reverse stock swap, combining up to five shares into one, as another way to bolster its stock price.

It received a similar de-listing warning in 2008, but returned to compliance by mid-2009.   Lee owns 48 daily newspapers, including the Saint Louis Post Dispatch,  and has an interest in four others.

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