Industry Analysis & Industry Trends
The UK 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 five years through 2016-17, it is estimated that industry revenue was negatively affected by declining newspaper publishing and operators suffering from the latent effects of the economic downturn. Revenue is forecast to contract at a compound annual rate of 4.7% over the five years through 2016-17 to reach £2.6 billion, as demand for news content from traditional media markets declines.
In the current year, revenue is forecast to contract by... purchase to read more
Industry Report - Industry Key Buyers Chapter
The industry has a low level of market share concentration. The four largest players are estimated to have a combined market share of 12% in 2016-17. The market share concentration has fluctuated in recent years, this is due to the composition of the industry changing. News agency can be anything from a single freelance journalist to global agencies like Associated Press and Thomson Reuters. The industry is fragmented with few a few large companies and a large number of small and medium size news agencies. In 2016, 93.3% of industry establishments employed fewer than 10 employees, according to estimates from the Office for National Statistics.
The industry is diverse in its nature and as a result smaller operators are able to enter the industry and exploit niche markets. The.. purchase to read more