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The Sentinel (California)
Lee Enterprises, Inc. is a publicly traded American media company. It publishes 77 daily newspapers in 26 states, and more than 350 weekly, classified, and specialty publications. Lee Enterprises was founded in 1890 by Alfred Wilson Lee and is based in Davenport, Iowa. The company also provides online services, including websites supporting its daily newspapers and other publications. Lee had more than 25 million unique web and mobile visitors monthly, with 209.1 million pages viewed. Lee became majority partner of TownNews.com in 1996; Town News creates software for newspaper publication purposes. The company offers commercial printing services to its customers. Lee Enterprises is currently the fourth largest newspaper group in the United States of America. The company acquired Howard Publications (16 daily newspapers) for $694 million in 2002 and Pulitzer, Inc. (14 daily, over 100 non-daily), for $1.5 billion in 2005. From January 2012 to April 2017, the company's executi ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ...
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Berkshire Hathaway Inc
Berkshire Hathaway Inc. () is an American multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. Its main business and source of capital is insurance, from which it invests the float (the retained premiums) in a broad portfolio of subsidiaries, equity positions and other securities. The company has been overseen since 1965 by its chairman and CEO Warren Buffett and (since 1978) vice chairman Charlie Munger, who are known for their advocacy of value investing principles. Under their direction, the company's book value has grown at an average rate of 20%, compared to about 10% from the S&P 500 index with dividends included over the same period, while employing large amounts of capital and minimal debt. The company's insurance brands include auto insurer GEICO and reinsurance firm General Re. Its non-insurance subsidiaries operate in diverse sectors such as confectionery, retail, railroads, home furnishings, machinery, jewelry, apparel, electr ...
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The Bismarck Tribune
''The Bismarck Tribune'' is a daily newspaper with a weekly audience of 82,000 unique readers, printed daily in Bismarck, North Dakota. Owned by Lee Enterprises, it is the only daily newspaper for south-central and southwest North Dakota. History Founded in 1873 by Clement A. Lounsberry, the ''Bismarck Tribune'' published its first issue on July 11, 1873. It has been known as the ''Bismarck Daily Tribune'' (1881–1916) and ''Bismarck Tri-Weekly Tribune'' (1875–1881). Battle of the Little Bighorn The ''Tribune''s first claim to fame came in 1876, when the three-year-old paper published the first reports of George Custer's last stand at the Little Bighorn. Reporter Mark H. Kellogg accompanied Custer and his men and died during the battle. Awards In 1938, the paper won the Pulitzer Prize for Public Service after publishing a series of articles called "Self-Help in the Dust Bowl." Notable reporters * Mark Kellogg See also * List of newspapers in North Dakota This is ...
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Bryan, Texas
Bryan is a city and the county seat of Brazos County, Texas, United States. It is located in the heart of the Brazos Valley (East and Central Texas). As of the 2020 census, the city had a population of 83,980. Bryan borders the city of College Station, which lies to its south. Together they are referred to as the Bryan–College Station metropolitan area, which has a population of more than 250,069. History The area around Bryan was part of a land grant to Moses Austin by Spain. Austin's son, Stephen F. Austin, helped bring settlers to the area. Among the settlers was William Joel Bryan, the nephew of Stephen Austin. In 1866 the county seat of Brazos County was changed from Boonville to Bryan, and a post office was opened. In 1867, after many delays caused by the Civil War, the Houston and Texas Central Railroad, which had only previously gotten as far as Millican, finally reached Bryan. A short time later, in 1871, the city of Bryan became incorporated. Just south of Brya ...
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The Bryan-College Station Eagle
''The Eagle'', officially known as ''The Bryan-College Station Eagle'', is a daily newspaper based in Bryan, Texas Bryan is a city and the county seat of Brazos County, Texas, United States. It is located in the heart of the Brazos Valley (East and Central Texas). As of the 2020 census, the city had a population of 83,980. Bryan borders the city of College ..., United States. Centered in Brazos County, the paper covers an eight-county area around Bryan-College Station that includes Texas A&M University. First published by attorney Richard M. Smith as the ''Weekly Eagle'' on October 26, 1889, it transitioned to a daily in 1913. ''The Eagle'' has won multiple awards, including Texas Associated Press Managing Editors awards, as well as Newspaper Association of America circulation awards. The paper's average weekday circulation is 19,132. ''The Eagle'' was owned by the Evening Post Publishing Company from 2001 to 2012, when it was sold to Berkshire Hathaway to become part of ...
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Proxy Statement
A proxy statement is a statement required of a firm when soliciting shareholder votes. This statement is filed in advance of the annual meeting. The firm needs to file a proxy statement, otherwise known as a Form DEF 14A (Definitive Proxy Statement), with the U.S. Securities and Exchange Commission. This statement is useful in assessing how management is paid and potential conflict of interest issues with auditors. Contents The statement includes: *Voting procedure and information. * Background information about the company's nominated directors including relevant history in the company or industry, positions on other corporate boards, and potential conflicts in interest. * Board compensation. * Executive compensation, including salary, bonus, non-equity compensation, stock awards, options, and deferred compensation. Also, information is included about perks such as personal use of company aircraft, travel, and tax gross-ups. Many companies will also include pre-determined payo ...
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Winston-Salem Journal
The ''Winston-Salem Journal'' is an American, English language daily newspaper primarily serving Winston-Salem, North Carolina, Winston-Salem and Forsyth County, North Carolina. It also covers Northwestern North Carolina. The paper is owned by Lee Enterprises. ''The Journal'' was founded in 1897. Overview ''The Journal'' is primarily distributed through Forsyth County and the county seat of Winston-Salem. However, the paper also is distributed in Alleghany County, North Carolina, Alleghany County, Ashe County, North Carolina, Ashe County, Davidson County, North Carolina, Davidson County, Davie County, North Carolina, Davie County, Stokes County, North Carolina, Stokes County, Surry County, North Carolina, Surry County, Wilkes County, North Carolina, Wilkes County, Watauga County, North Carolina, Watauga County, and Yadkin County, North Carolina, Yadkin County. The newspaper has an online presence called ''JournalNow''. ''The Journals television partner is WGHP of High Point, ...
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Tulsa World
The ''Tulsa World'' is the daily newspaper for the city of Tulsa, Oklahoma, and primary newspaper for the northeastern and eastern portions of Oklahoma. Tulsa World Media Company is part of Lee Enterprises. The new owners announced in January 2020 that a corporate purchase was made of BH Media Group, a Berkshire Hathaway company controlled by Warren Buffett. The printed edition is the second-most circulated newspaper in the state, after ''The Oklahoman''. It was founded in 1905 and locally owned by the Lorton family for almost 100 years until February 2013, when it was sold to BH Media Group. In the early 1900s, the ''World'' fought an editorial battle in favor of building a reservoir on Spavinaw Creek, in addition to opposing the Ku Klux Klan in the 1920s. The paper was jointly operated with the ''Tulsa Tribune'' from 1941 to 1992. History Republican activist James F. McCoy and Kansas journalist J.R. Brady published the first edition of the ''Tulsa World'' on September 14, 1905 a ...
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The Morning News (American Newspaper)
''The Morning News'' is a daily newspaper with a circulation of about 35,000, based in Florence, South Carolina. It is owned by Lee Enterprises. It was founded as the ''Farmers' Friend'' in 1887, and was part of several mergers and name changes. In its early history, it was aligned with the Democratic Party. The first edition of the newspaper as the ''Weekly News and Review'', appeared on March 18, 1922. Its immediate predecessor was the ''Florence News and Review'', and its name was later changed to the ''Morning News Review''. In February 1928, it purchased the ''Florence Daily Times'' and the name was changed to the ''Florence Morning News''. In 1945, it became the ''Florence Morning News''. In 1956, then-editor Jack O'Dowd, the son of the newspaper's publisher, enraged the Ku Klux Klan by supporting the U.S. Supreme Court's ''Brown v. Board of Education'' desegregation decision and he was run out of town, going to a job with the ''Chicago Sun-Times''. The only other South ...
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Omaha World-Herald
The ''Omaha World-Herald'' is a daily newspaper in the midwestern United States, the primary newspaper of the Omaha-Council Bluffs metropolitan area. It was locally owned from its founding in 1885 until 2020, when it was sold to the newspaper chain Lee Enterprises by its most recent local owner, Warren Buffett, chairman of Omaha-based Berkshire Hathaway. For more than a century it circulated daily throughout the entirety of Nebraska — a state that is 430 miles long. It also circulated daily throughout the entirety of Iowa, as well as in parts of Kansas, South Dakota, Missouri, Colorado and Wyoming. It retrenched during the financial crisis of 2008, ending far-flung circulation and restricting daily delivery to an area in Nebraska and Iowa within an approximately 100-mile radius of Omaha. Background The newspaper was the world's last to print both daily morning and afternoon editions, a practice it ended in March 2016. The World-Herald was the largest employee-owned newspaper ...
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Bond (finance)
In finance, a bond is a type of security under which the issuer ( debtor) owes the holder ( creditor) a debt, and is obliged – depending on the terms – to repay the principal (i.e. amount borrowed) of the bond at the maturity date as well as interest (called the coupon) over a specified amount of time. The interest is usually payable at fixed intervals: semiannual, annual, and less often at other periods. Thus, a bond is a form of loan or IOU. Bonds provide the borrower with external funds to finance long-term investments or, in the case of government bonds, to finance current expenditure. Bonds and stocks are both securities, but the major difference between the two is that (capital) stockholders have an equity stake in a company (i.e. they are owners), whereas bondholders have a creditor stake in a company (i.e. they are lenders). As creditors, bondholders have priority over stockholders. This means they will be repaid in advance of stockholders, but will rank behind s ...
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Floating Interest Rate
A floating interest rate, also known as a variable or adjustable rate, refers to any type of debt instrument, such as a loan, bond, mortgage, or credit, that does not have a fixed rate of interest over the life of the instrument. Floating interest rates typically change based on a reference rate (a benchmark of any financial factor, such as the Consumer Price Index). One of the most common reference rates to use as the basis for applying floating interest rates is the London Inter-bank Offered Rate, or LIBOR (the rates at which large banks lend to each other). The rate for such debt will usually be referred to as a spread or margin over the base rate: for example, a five-year loan may be priced at the six-month LIBOR + 2.50%. At the end of each six-month period, the rate for the following period will be based on the LIBOR at that point (the reset date), plus the spread. The basis will be agreed between the borrower and lender, but 1, 3, 6 or 12 month money market rates are common ...
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