Sunday, December 7, 2008

Priority check: Lee funds social media provider

An interesting story was sent to me from The Port regarding its funding. The Port is a "leading social media solutions provider" and has raise $4.1 million thanks to investors that include Lee Enterprises.

From its website, The Port links (several times) to a social network at the St. Louis Post-Dispatch.

The $4.1 million question: How can Lee afford to help fund The Port when letters just went out about cutting retiree health care, speculation about bankruptcy and layoffs abound, and it's stock is worth less than a copy of the Sunday paper?

1 comment:

nana said...
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