Lee Enterprises returns to NYSE listing standards

DAVENPORT, Iowa -- Lee Enterprises Inc. says it has returned to compliance for the New York Stock Exchange's standards for listing.

The Davenport-based publisher of 49 daily newspapers says its share price has risen to a sufficient level to maintain the NYSE requirement of a minimum average closing price of $1 per share.

The company was warned in December that it had six months to return to compliance with the NYSE's market capitalization standard of a 30-day average of $25 million.

Lee CEO Mary Junck says the company's long-term prospects are strong.

Lee newspapers include the St. Louis Post-Dispatch in Missouri, the Lincoln Journal Star in Nebraska, the Wisconsin State Journal in Madison, Wis., and the Quad-City Times in Davenport, Iowa.