The world of news is by its nature fast-paced and prone to change. This multifaceted and evolving industry is made up by print, broadcast, and online news media, the latter of which is growing rapidly in popularity and scale. Modern news consumption is veering away from traditional formats and print publications struggle, and whilst some have proved adaptable and shifted their customers from physical to online subscriptions, most online news is free, giving these platforms an edge on print publishers. Additionally, printed newspapers provide only snapshots, and many online papers now publish news in a live blog or vlog format, keeping consumers up to date with current events as they happen. As the world moves deeper into the digital age, traditional news formats like radio and print will continue to suffer. At the same time, false news spreads further and more quickly online and will become a more serious problem unless consumers learn how to properly discern between fact and fiction.
Modern news consumers prioritize digital publications over print, but most are reticent to pay for online news content. More platforms are introducing digital subscription models or adding paywalls to generate revenue, but with unlimited access to news on social media, online newspapers. and even YouTube, it is unsurprising that most consumers prefer getting their news on the internet for free. In fact, social media and broadcast television are now the most popular news sources worldwide.
News consumption in ItalyWhilst print and radio news are in decline, broadcast television news remains popular and is holding up well against digital platforms. The majority of consumers in regions reaching from Germany to Argentina now get their news via television or online each week, whereas print news consumption is dwindling globally. Meanwhile, in mobile-first and mobile-only markets like Africa, the future of news will be confined to online publications, search engines, and social networks.
T.V. news in the U.S.Using social media as a news source is fast becoming the norm for consumers around the world. Social networks make news more accessible but also lead to the quicker dissemination of false news and increase the risk of audiences encountering misinformation. Despite this, social media news consumption continues to grow as traditional news media readership wanes, despite the latter being considered more reliable.
Print media in the U.S.The largest news company in the world is News Corp. with a market cap of 7.9 billion U.S. dollars. Following closely behind is The New York Times Company with a market capitalization of 6.8 billion, though News Corp. far outperforms its competitor when it comes to annual revenue, generally pulling three times the figure generated by The NYT. Ranked third is the UK's leading news organization Daily Mail and General Trust plc, with a market cap of 1.8 billion U.S. dollars.
Revenue of News Corp., by segmentThe Statista platform provides a variety of statistics pertaining to the news industry, ranging from survey data on news media consumption and coverage to financial figures for the largest news companies in the world. In this section, our users can find information about how consumers read, listen to, and watch news, learn about the perception of and exposure to false news, and explore financial reports detailing advertising, circulation, and subscription revenue for major news companies. Additionally, insights are given into employment and diversity in newsrooms and journalism, consumption of local and national news, and the perceived credibility of popular news sources and platforms.
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