Pew's 11th annual State of the News Media report, out this morning, offers fresh measures of news media revenue and news staffing at digital-only start-ups. Both findings are arresting for those of us in the news-about-news business but also shed light on the well-being of the industry as a whole.
Among the highlights:
The Pew research team attempted a revenue estimate for all the branches of the United States news industry it has covered in past reports. The surprising conclusion: Even though newspaper advertising revenue has fallen by half over the last decade, including subscriptions and other revenue, the industry still accounts for $38.6 billion of $63.6 billion in news revenue per year. That is roughly 61 percent of the total.