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