Out of the headlines: Consumers' growing preference for online content has dented industry demand

The News Agencies industry includes businesses that provide the general media with news, pictures and feature articles. The industry's core services are researching and providing original news stories, but prepared video and audio are becoming increasingly important service segments. Over the past five years, industry revenue has been negatively affected by declining demand from newspaper publishing and changing attitudes to news consumption. IBISWorld expects that the industry's revenue will contract at a compound annual rate of 3.6% over the five years through 2018-19 to £2.5 billion, due to declining demand for news content from traditional media markets.Revenue is forecast to contract by 2.8%...read more.

Industry Statistics & Market Size
Revenue
£2.5bn
Annual Growth 14-19
-3.6%
Forecast Growth 19-24
Profit
Employment
19,032
Businesses
577
Market Share of Companies

Industry Threats & Opportunities

  • Declining demand from traditional media markets has caused industry revenue to fall
  • There has been a shift in marketing as industry operators have developed their online presence
  • The UK’s exit from the European Union is expected to limit investment in the industry
  • Industry Report - Industry Analysis Chapter

    The News Agencies industry has undergone significant developments over the past 10 years. Improving internet services and greater IT adoption has increased access to free digital content and made it easier for traditional media markets to bypass news agencies altogether. However, new technology has enabled press agencies to develop multimedia channels focusing on niche markets such as sports or celebrity news.Rising global connectivity has changed the composition of media, with demand for original reporting declining significantly. Consumers are more focused on obtaining news quickly as events happen. As a result, there is more importance on speed of information than on detailed analysis. It ...purchase to read more.

    Additional Insights for the News Agencies Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the News Agencies Industry are

  • Having a good reputation
  • Prompt delivery to market
  • Ability to quickly adopt new technology
  • IBISWorld analysts also discuss how external factors such as Demand from newspaper publishing and Demand from television programming and broadcasting in the News Agencies industry impact industry performance..

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    What's in this report

    What is the News Agencies Industry?

    News syndicates and agencies in this industry provide the general media with news, pictures and feature articles. The activities of newspaper publishers and independent journalists and photojournalists are not included in the industry.

    Industry Products
  • News stories
  • Audio and video content
  • Pictures
  • Industry Activities
  • Reporting on news and current affairs
  • Taking pictures related to news stories
  • Providing the media with feature articles
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from newspaper publishing
  • Demand from television programming and broadcasting
  • Demand from radio broadcasting
  • IT and telecommunications adoption

  • Current Performance
  • Digital takeover
  • Blocking growth
  • Chart: Revenue Growth

  • Industry Outlook
  • Exchange implications
  • Withdrawing advertisements
  • Updating the business model
  • Developing competition
  • Table: News Agencies Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - News Agencies Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Newspaper Publishing
  • Magazine Publishers
  • Radio Broadcasting
  • Television Programming & Broadcasting

  • Key Selling Industries
  • Communication Equipment Manufacturing
  • Computer & Peripheral Equipment Manufacturing
  • Wired Telecommunications Carriers
  • Wireless Telecommunications Carriers

  • Products & Services
  • News stories
  • Audio and video content
  • Pictures
  • Other
  • Chart: News Agencies Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • TV broadcasters
  • Newspaper and magazine publishers
  • Website publishers
  • Radio broadcasters
  • Other
  • Chart: Major Market Segmentation for the News Agencies Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Telecommunications costs
  • Depreciation
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs News Agencies

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the News Agencies Industry

  • Industry Globalization
    Thomson Reuters Corporation,
  • Table: Thomson Reuters Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the News Agencies Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the News Agencies Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Image Portal
  • A web-based application that brings together images from a wide array of different sources.
  • Smartphone
  • A mobile phone that offers advanced PC-like capabilities, including internet access.
  • Traditional Media
  • News content that is published in the long-standing media of print, TV and radio.
  • What Our Customers Say

    Why buy this report?

    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.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on News Agencies:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The News Agencies market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on News Agencies, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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