Christmas comes early for Lee CEO Mary Junck

Struggling newspaper chain Lee Enterprises disclosed yesterday that CEO Mary Junck acquired 500,000 shares of stock at the purchase price of $0. The disclosure comes a week after Lee reported a third-quarter loss of 3 cents per share.

Junck received a $500,000 bonus in March for taking the chain out of bankruptcy. In 2011, Lee execs received 30% compensation increases — at the same time they were laying off journalists at their newspapers.

Junck is also Associated Press board chairman.

* Lee Enterprises SEC filings
* Earlier: Reaction to bonuses for Lee Enterprises’ CEO and CFO (Indy Blog)
* Lee CEO receives $500,000 bonus as more employees are laid off (JimRomenesko.com)

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