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News Agencies in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

News Agencies Market Research Report | SIC J63.910 | Feb 2012

Turning the page: Consumers are moving online for news and information

IBISWorld’s News Agencies market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
The Associated Press Ltd The Associated Press Ltd market share
The Press Association Limited The Press Association Limited market share
Thomson Reuters Thomson Reuters market share
Industry Statistics & Market Size
Revenue
£2bn
Annual Growth 07-12
-8.9%
Annual Growth 12-17
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Profit
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Employment
8,387
Businesses
769
Industry Analysis & Industry Trends

It has been a tough five years for the News Agencies industry. While already dealing with declining demand due to media fragmentation, the financial crisis exacerbated the industry's difficulties, even causing some agencies - such as Raymonds News Agency and Kent News and Pictures - to go bust. Reflecting this, the industry will contract by an average of 8.9% per annum over the five years through 2011-12, with revenue falling to roughly £1.82 billion. During the current year, industry revenue is forecast to contract 1.1%, after 2010-11 brought a brief respite from four years of consecutive revenue declines.

Media fragmentation, driven by a consumer preference for a more varied, online source of news and information, has increased the volume of news being published... purchase to read more

Industry Report - Industry Analysis Chapter

The rapid digitisation of the world of media and news has seen the News Agencies industry come under strife. Traditional media publishers and broadcasters like newspapers have had to rethink their business models to stay competitive, as the majority of consumers have gravitated online for news. The ease of access to free digital content has caused their advertising revenue to plummet, which was exacerbated by the global financial crisis. While the volume of news-based content has never been higher, the need for original reporting has declined dramatically due to the rapid spread of information over the internet... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the News Agencies Industry?

This industry includes the activities undertaken by news syndicates and agencies, including the furnishing of news, pictures and feature articles to the general media. It excludes the publishing of news by newspapers and activities of independent journalists and photojournalists.

Industry Products
World news and current affairs Political news Financial newsSportsEntertainment
 
Industry Activities
Provision of news reports and current affairs Provision of pictures relating to news stories or articles Provision of feature articles to the media


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