How about giving raises to journalists before restoring dividends for shareholders?
On the day that St. Louis Post-Dispatch parent Lee Enterprises posted a $9.5 million loss for the quarter, CEO Mary Junck was asked about restoring the dividend. That’ll happen down the road, she said. Lee, by the way, hasn’t given its journalists raises in years.
From the transcript of today’s earnings call
* Lee Enterprises earnings call transcript, August 7, 2014 (seekingalpha.com)
* Earlier: Post-Dispatch staffer last got raises in 2008 (jimromenesko.com)