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Historically, no. My grandmother owned this paper for 50 years. They did Real Estate with the paper. The previous owner’s spouse had a job, making that a two income family. Our town is so small, most self employed people here do more than one thing to make it.
95K. Well, we have gotten faster at making the paper. But it’s still time consuming. I didn’t mention, but ours is a weekly, it comes out once a week on Wednesdays. We do the paper and the insurance in the same office so we can cover for each other as needed. The insurance is really a 9-5 M-F thing where as the paper is more 7 days of unpredictable times. During the school year there is a lot to go to and cover especially high school sports. The insurance is mine really, the wife ins’t involved with it, but it takes both of us to do the paper. We build it Sat-Monday, print on Tues, distribute on Wed.
I tell ya, you would be surprised that you CAN buy them. Why? It’s a heck of a lot of work and people burn out. We bought ours in 2015. We had never done it before, lol. People told us we were either stupid or crazy to buy a newspaper.
Ryanne – Putting kids through college and financing the newspaper. We will look at bills. Why barely getting by? 100% commission on ins and newspaper, and we don’t sell aggressively enough, also, small population here (700 people).
Jay – We live halfway between Houston and Dallas, in Normangee. My wife and I are both from Houston, me from Spring and her from Santa Fe. We own the paper (make payments, so it has a note). Between the insurance and newspaper, we pay the bills, but aren’t saving and having trouble paying taxes. Yes we could do 30 listings per week. I still have clothes I could sell (old stock).
