Lee revenue down; time for another bonus for Mary Junck?

Digital revenue, including digital services, is up, but not enough to prevent an overall slide. That should mean at least another $500K for everybody's favorite media CEO.

Lee Enterprises' Operating Rev Down, Digital Rev Climbs | NetNewsCheck.com

 

Juice the stock!

 

Remember, if she doesn't get a bonus, she'll bolt elsewhere!

Lee employees could only hope.

 

Give her a bonus. Lay off some more people. Hire some more consultants. Bring in some more writing coaches. Add some more management types. Consolidate more desks into one command center. And above all else ... kill the print product and go online only as soon as possible.

 

The print product has a great future. You should invest in press, paper, and ink companies.

 

From Romenesko today:

GOOD TIMING, LEE ENTERPRISES CEO MARY JUNCK!

JULY 23: Junck got rid of 192,501 LEE shares at $3.09/share for $594,828.

AUGUST 6: The CEO announces fiscal 3Q earnings - revenue is down - and the stock begins falling. http://www.bizjournals.com/…/post-dispatch-parent-reports-p…

AUGUST 17: LEE shares are at $2.40. (Junck's shares, if she'd kept them, would be worth $462,002.)

http://finance.yahoo.com/q/it?s=LEE+Insider+Transactions

 

Aren't there some sort of rules that prevent employees from selling stock for a certain length of time before earnings announcements?

 

Insider trading, eh?

 

Sure looks like it.

 

Any chance something comes from it? Or is she too rich to be prosecuted?

 

One of the Facebook commenters on Romenesko's page said that it was some sort of scheduled sell-off to pay for taxes that she does every year and allegedly has little control over. True or not, I'm guessing she has a few built-in excuses to deter any sort of prosecution.