Furloughs, pay reductions coming to the Buffalo News

Furloughs and a reduction in pay are in store for employees of the Buffalo News, the byproduct of reduced advertising revenue and the pandemic caused by the coronavirus. But the number of workers who will be impacted has yet to be determined. Lee Enterprises (NYSE:LEE), which earlier this month acquired the Buffalo News and several other papers from longtime owner Berskshire Hathaway Inc. (NYSE: BKE.A), said early Tuesday morning furloughs and reduced pay will be instituted soon. Warren Colville,…