Lee Enterprises regains compliance with NYSE share price standard

DAVENPORT, Iowa | Lee Enterprises Inc. has received notification that it has returned to compliance with the New York Stock Exchange's share price standard.

In a letter dated Feb. 17, the NYSE confirmed that the Times parent company is again in compliance with its standard requiring listed companies to maintain an average closing price of at least $1 per share over 30 consecutive days of trading, according to a news release.

Mary Junck, Lee chairman and chief executive officer said in a news release she appreciates the confidence of the stockholders as the company advances its many initiatives to drive revenue, build even larger audiences and resume overall growth.

Besides The Times, Lee owns 47 other daily newspapers and has a joint interest in four others. It trades under the symbol LEE on the NYSE.