Mar 2
2023
The latest Buffalo News woes
Lee Enterprises, the parent company of The Buffalo News, has filed its overdue annual financial report with the Securities and Exchange Commission. Its failure to meet a filing deadline, due to what Lee said was its failure to “maintain effective internal control over financial reporting,” prompted a threat in December from the Nasdaq Stock Market to delist the company. That would mean no more stock sales for the publicly traded company. So it’s good news that Lee has finally complied. There’s not a lot of good news in its 10-K report, however, certainly not enough to allay fears about what’s[...]