Tindle Newspapers Ltd has announced the scheme, which will see the bonuses given to full-time staff based on increases in profit achieved during the six months up to October, compared to the same period last year.
The minimum bonus payable will be £150 per staff member. The scheme could cost the company anywhere between £100,000 and £500,000.
A similar scheme last year saw staff receive bonuses of up to £400.
Chairman Sir Ray Tindle, pictured above left, said: “Whether, if I may quote Churchill, this really is the beginning of the end or the end of the beginning, I don’t know but this has, of course, been the longest and deepest recession I’ve been through in my long newspaper career.
“What we can say at this point is that local newspapers have put up a great performance in difficult circumstances.
“Tindle Newspapers is only one group of many that have fought the good fight and shown that really local papers will live forever.
“We ourselves in these seven years, seven long drab years, have launched 20 new local papers in London and the provinces in an effort to replace lost national revenue and to raise profile. We are proud of every one of them.”