All posts by Jeff

Some Post-Dispatch retirees will now receive their pension payments through an insurance company

Some Post-Dispatch retirees will start receiving their monthly pension payments from an insurance company instead of the Lee Enterprises pension plan. Lee Enterprises purchased group annuity contracts from insurance companies to transfer $86 million in pension fund liabilities. Such “lift...

Lee Enterprises rejects offer from Alden, touts its growth potential

Lee Enterprises continues to fight the hostile takeover bid from Alden Global Capital. Its Board of Directors rejected Alden’s bid of $24 per share after denying its bid to nominate three directors, citing its procedural errors. In late November Lee...

UMG members ratify new agreement with the Post-Dispatch

Our members at the St. Louis Post-Dispatch overwhelmingly approved our new three-year contract with Lee Enterprises. Here is an overview of the agreement: The contract will create a new top step in each pay scale with an increase of 3...

Post-Dispatch contract ratification vote to be held Dec. 6

United Media Members at the Post-Dispatch will hold a ratification vote via e-mail Monday, Dec. 6 on our tentative agreement with the company. Members will receive a ballot via email through the Election Runner software. If you can’t find your...

TNG Locals call on Lee Enterprises Board of Directors to reject Alden bid

The NewsGuild-CWA locals representing journalists at the St. Louis Post-Dispatch, the Southern Illinoisan and other Lee Enterprises newspapers sent this letter to Lee’s Board of Directors: On behalf of the 12 unionized newsrooms of Lee Enterprises, and the journalists and...

Alden launches takeover bid of Lee Enterprises

Alden Global Capital has launched a hostile takeover of Lee Enterprises, owner of the St. Louis Post-Dispatch, the Southern Illinoisan and other newspapers. The United Media Guild appreciates Lee Enterprises’ ongoing commitment to local journalism and its watchdog role. The...

UMG reaches tentative agreement with Post-Dispatch

The United Media Guild has reached a tentative agreement with the Post-Dispatch on a new three-year contract via expedited bargaining. We will vote on the contract via an email process on Dec. 6. The bargaining team strongly recommends passage. We...