State of the News Media 2014

State of the News Media 2014

The Pew Research Journalism Project released its report of the state of the nation’s news. Part of the in-depth analysis looks at the changing revenue picture of the journalism industry, with this interesting paragraph: “As an industry, news in the U.S. generates roughly $63 billion to $65 billion in annual revenue, according to Pew Research analysis of official filings, projections by financial firms and self-reported data.1 While admittedly an estimate, the figure provides a sense of scale: The global video game industry takes in about $93 billion a year. Starbucks reported $15 billion in 2013 revenues and Google alone generated $58 billion that year.”

Annual News Revenue