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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 | Nov 2016

War of words: Some firms are forced out of print due to rising alternative online sources

IBISWorld’s News Agencies market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Thomson Reuters Thomson Reuters market share
Industry Statistics & Market Size
Revenue
£3bn
Annual Growth 12-17
-4.7%
Annual Growth 17-22
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Profit
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Employment
18,613
Businesses
603
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

 


Industry ProductsRelated ReportsTable of Contents

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 covered by the industry.

Industry Products
News storiesAudio and video contentPictures
 
Industry Activities
Reporting on news and current affairs Taking pictures related to news stories Providing the media with feature articles


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