The parent companies of most of Southern Illinois' newspaper properties are struggling with hard economic times and crushing debt. Lee Newspapers owns the Southern Illinoisan, the St. Louis Post-Dispatch and about 50 0thers. Lee lost $713 million last quarter. It's stock price is down to $4 from $20 a year ago.
Gatehouse owns over 500 newspapers, including almost all of the smaller dailies and weeklies in Southern Illinois (Marion, West Frankfort, Benton, Murphysboro, Harrisburg, DuQuoin and several more). Gatehouse's stock has plunged 85 percent since last April.
More from the San Diego Reader.
What's the future of print journalism? I wish I knew.
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