Lee Enterprises, Incorporated

Although newspaper publisher Lee Enterprises (NYSE: LEE) missed its self-imposed Dec. 29 deadline to release its annual report, the company did get it in before the year was out. Lee, the struggling parent of the St. Louis Post-Dispatch, had good reason to wait until the last minute, posting a $879 million net income loss and over $1 million in impairment charges.

The McClatchy (NYSE: MNI) Company's stock ended down again on Thursday, finishing at $1.05. That's a 30 percent decline and a new low for the newspaper publisher's share price, coming just days after Monday's announcement that November total revenues fell 19.4 percent—with ad revenues plummeting 22.4 percent.

The crushing debt that was built up over the past few years at newspaper publishers like The Tribune Company and McClatchy (NYSE: MNI), is now weighing heavier on Lee Enterprises (NYSE: LEE), the parent of the St. Louis Post-Dispatch.

Social media company ThePort Network has raised $4.1 million in a second round led by American City Business Journals. Existing investors Lee Enterprises (NYSE: LEE), Atlanta-based start-up investor Imlay Investments, and angel investor Robert Jetmundsen also participated.

Last quarter, Lee Enterprises (NYSE: LEE) was one of the few newspaper publishers to see declines in online ad revenues, alongside the now-standard plunge on the print side. Things were more dire in Q3 for the Davenport, Iowa, publisher. Lee Enterprises recorded a staggering 71.9 percent decline in net income, ending Q3 with $5 million profits ($0.11 per share) versus last year's $17.8 million ($0.39 per share). The publisher said revenue dropped 10.7 percent to $244.9 million.