Owner Lee faces $1.1 billion debt
Dylan Smith —
July 22, 2011
— Tucson Sentinel
In what one now-former employee called "a major bloodletting," the Arizona Daily Star has let go 52 people, firing nearly its entire marketing department Thursday.
As many as 15 newsroom employees and many employees in the advertising, circulation, finance, and IT departments were also fired by the Lee Enterprises-owned newspaper. Lee stock has dropped by 70% in the last few months, and is now back under a dollar.