- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Adrianne Appel2023-02-07T19:58:00
Lee Enterprises, the media company that owns the St. Louis Post-Dispatch and 76 other newspapers nationwide, concluded its internal controls over financial reporting (ICFR) were not effective for the fiscal year ended Sept. 25, 2022.
The results of an internal review, conducted by Lee management and its board of directors’ audit committee, were included in a Feb. 2 regulatory filing with the Securities and Exchange Commission. Lee disclosed in December it received warning of delisting from Nasdaq after failing to meet certain deadlines for filing its annual 10-K form for 2022.
Despite the material weaknesses uncovered, Lee said it doesn’t expect changes to its reported operating results for the fiscal year ended Sept. 25, 2022.
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