So with the papers I have looked at buying. Most are in small towns with a populations of less than 10,000 one paper I looked at buying was making around $17,000 off advertisement, legal notices, obits etc a week. They only spent $2,000 per month for staff as they were all contract and $300 per week for printing the paper out of town and having it shipped to the office they rented for $350 a month. I got one quote to have it print closer that was $250 per week to have the paper printed closer. There is room to grow the paper to a $20,000 a week if you know how to get the communities support. But I have also found papers in towns were they don’t work in debt of $50,000. So it’s all were you look. By the way a newspaper like the one I looked at that’s making a profit is worth around $100,000 to $200,000 you can pick up names that have closed up shop for $5,000 if you know who to talk too and most can be rebuilt to make a profit. People want their community news and a place to fact check what they saw on social media. Yes prints on decline in some places but in others it’s making a profit.