Struggling Lee Enterprises saves company with purchase of Indy

Lee Enterprises headquarters

As you may remember from late last week, scrappy media conglomerate Lee Enterprises has purchased the Missoula Independent, saving Lee from bankruptcy. Lee was already in bankruptcy back in 2011, because it spent $1.5 billion to buy Pulitzer, Inc. in 2005—a dark horse candidate for deal of the year, since News Corp. paid a mere $580 million for Myspace. Anywhom, Lee went broke buying newspapers. Now, like a fun and informative vampire, it must keep buying more newspapers to stay alive. But its waking nightmare of debt-service undeath is finally over, because it bought my newspaper.

The immense profits that the Indy generates will wipe out Lee’s debts in no time. After a few months of alt-weekly income, the Missoulian can stop writing rapturous features about Cabela’s, and the Beatrice, Nebraska Daily Sun can settle with the families of those kids from last year’s Thresher Days. We’ll all be rich—rich as newsmen!

By we, though, I mean everyone but me. Even a corporation as showered in gold as Lee Enterprises cannot justify my exorbitant fee. And don’t ask me to take a pay cut out of consideration for a mom-and-pop paper chain. My lifestyle simply could not bear it. Although nothing is certain now, I fear my days of making money hand-over-fist-over-emerald-strewn-coke-mirror might be headed to a halt. For all I know, this could be my last column. I excerpt here for posterity:

I know that when I got into this business, it was strictly for the cash. But over the last few years, I have developed an affection for you, the seemingly useless reader. Although writing this column provides me with enough money and drugs to deaden my connection to ordinary people, I cannot help but feel that we are in this together. We live in the same region, after all. Might it be too much to say that we belong to the same community?

I was too temperate to say so in print, but I’ll say it here: we do belong to the same community. That community belongs to Lee Enterprises now. May their two Missoula newspapers, the Missoulian and the Independent, remains as keen and incisive as the heads on a two-headed snake, and may that snake poop money for the rest of our wonderful lives.

Combat! blog is free. Why not share it?
Tweet about this on TwitterShare on FacebookShare on Reddit


Leave a Comment.