Survey: Median salary of business journalists is $56,220
The Donald W. Reynolds National Center for Business Journalism surveyed 773 randomly selected business journalists and found this breakdown for median salaries by place of employment in 2010-11:
* Print: $50,100
* Freelancing: $54,091
* Broadcast: $55,588
* Online: $57,308
* Wire services: $78,438
For editors and supervisors overall, the median was $57,308, and for reporters, it was $55,714. (The median salary in 2010, according to one survey, was between $65,000 and $70,000.)
In other survey findings, when business journalists were asked where they got their news about the media industry, they named, in order:
1. The New York Times
2. Poynter.org’s Romenesko
3. The Wall Street Journal
Since last year, the proportion of business journalists getting their industry news from Twitter and Facebook more than doubled.
The Reynolds Center reports 14 percent of the business journalists surveyed in mid-July said their newsroom was currently hiring full-time journalists, and one in five said their newsroom had shrunk in the past six months.