1040 Search Results for The Buffalo News

Oct 9

2023

Further decline at The Buffalo News

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The wheels continue to fall off the rickety wagon known as The Buffalo News. In fact, the decline is gaining speed. I’m told the staff has been informed by management that daily print circulation is down to about 35,000. Last time I reported, based on 2022 numbers, it was 56,000. That’s down from a peak of 310,000 in the mid ’90s. Digital subscriptions are another 35,000. (More on that later.) There are a variety of reasons for the precipitous decline in print circulation, starting with changing news consumption habits. Nearly nine in 10 Americans get their news from digital platforms;[...]

Posted 6 months ago

Apr 23

2023

The Buffalo News was never a “crown jewel”

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There’s more news to report regarding The Buffalo News – none of it encouraging. The Poynter Institute, a major news media think tank and training center, published a story last week that chronicled the decline of The News. The story is aptly headlined The Buffalo News was the crown jewel of Warren Buffett’s news empire. Now it’s just another Lee paper. Reporter Angela Fu did a good job of detailing all that’s gone wrong since Lee Enterprises bought the paper in 2020, starting with its loss of corporate independence. However, I think the story portrayed the paper in a better[...]

Posted 12 months ago

Feb 20

2023

Worse news yet at The Buffalo News

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I’m writing this in a state of shock at the announcement The Buffalo News will no longer be printed in Buffalo. Lee Enterprises, the paper’s parent company, reported Monday that it is outsourcing its printing and distribution operations to the Cleveland Plain Dealer in October. Some 160 employees will lose their jobs.  This is a punch to the gut. The News is hardly alone in shuttering its printing plant. Down the Thruway in Rochester, the Democrat and Chronicle recently announced that it’s closing its print operation. The paper will be printed in New Jersey. New Jersey! The Syracuse Post-Standard is[...]

Posted 1 year ago

Feb 14

2023

More bad news regarding The Buffalo News

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The downward spiral at The Buffalo News appears to be gaining speed. Last week I reported the departure of four veteran reporters and editors and the pending outsourcing of work performed by the newsroom’s five-person design team. That reduces the newsroom staff to some 65 journalists, down from more than 200 back in the day. The News has since asked the remaining staff to accept a two-week, unpaid furlough. The paper’s managers and other nonunion employees have no choice. The company must negotiate the furloughs with its unions, including the Buffalo Newspaper Guild, which represents what’s left of the newsroom[...]

Posted 1 year ago

Feb 5

2023

The Buffalo News is hemorrhaging journalists

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When Warren Buffett sold The Buffalo News, employees took solace in the fact the new owners could have been worse. I did, too. At least it wasn’t Alden Global Capital, the Darth Vader of newspaper chains. Nearly three years into the new regime, it’s becoming apparent that it might as well have been Alden, as Lee Enterprises is following the same playbook. Cut the staff. Sell off the real estate. Strip the business of what other assets can be liquidated.  Last week, four newsroom employees, with a collective 140 years of experience, “retired.” It was that or see less-tenured colleagues[...]

Posted 1 year ago

Feb 7

2022

The latest news on The Buffalo News

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Here’s the latest on the tussle over the ownership of the chain that owns The Buffalo News: To recap, Alden Global Capital made a bid late last year to purchase Lee Enterprises, whose newspaper holdings include The News. Lee has resisted in a series of maneuvers and the back-and-forth between the companies has gotten quite nasty.  The latest salvo came last week in the release of the chain’s quarterly financial report in which it described its media holdings as “the fastest growing digital subscription platform in local media.” Net profits were $13.2 million. All is good, according to Lee. Alden[...]

Posted 2 years ago

Dec 1

2021

Darth Vader is eyeing The Buffalo News

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The past decade have been tough times for The Buffalo News.  Declining circulation. Smaller profits. Deep cuts in the newsroom staff, resulting in less local news coverage. Things may soon become much more difficult. Alden Global Capital, regarded as the Darth Vader of newspaper chains, has made an offer to buy Lee Enterprises, whose holdings include The News. Alden announced its intentions last week and Lee responded as you would expect to what is clearly a hostile takeover attempt. No matter, the vultures are circling. Chains in general are bad for daily newspapers. Alden is the worst of them. “Every[...]

Posted 2 years ago

Jan 29

2020

My take on the Buffalo News sale

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It’s rarely, if ever, a good thing when a chain buys a newspaper. And so it is with the surprise announcement today that The Buffalo News is being sold to Lee Enterprises, one of the larger newspaper chains in the country. We can expect cuts to an already depleted newsroom if Lee’s track record at its other newspapers holds true in Buffalo. But things could be worse. Lee Enterprises is regarded as a more responsible chain than most of the others that have taken over the newspaper industry, and certainly better than the cutthroat hedge funds that have bought and[...]

Posted 4 years ago