Finance and Economic

Post-Dispatch parent Lee Enterprises said Friday that it has received another one-week waiver on a violation of its loan terms as it continues to renegotiate $306 million in debt.

The publisher, based in Davenport, Iowa, has been in technical default since the start of the year, when auditors said the company can’t afford a $142 million payment due in April. Friday’s extension was the fourth granted by lenders this year, while talks continue on restructuring the debt fast cash without a hassle.

Lee also updated its first-quarter earnings to include a $67.8 million writedown in goodwill. That swung the company to a loss for the quarter ended Dec. 31 of $50.4 million, or $1.10 a share. It follows $893.7 million in writedowns in fiscal 2008.

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