Buffalo News Reports ‘Lowest Profit In Decades

The Buffalo (New York) News reported annual operating profits of below $10 million, the lowest in decades, Buffalo Business First notes.

But these numbers don’t necessarily predict any new buyouts. (The News had a round of buyouts last year, when 29 employees departed, and a round the year before, with a loss of 23 staffers.)

Instead, the paper is considering adding a paywall to its site. Digital revenues account for just 7 percent of the News’ bottom line, lower than many other newspapers struggling with the transition to digital.

“The paywall is something we are looking at but, I want to caution, that nothing is imminent,” publisher Stanford Lipsey said.