US news industry sees big revenue loss: study
Published on Apr 4, 2014 4:48 AM
WASHINGTON (AFP) - US news media revenues have tumbled by roughly a third since 2006 amid a shift to digital media, researchers said Thursday.
The Pew Research Center estimated annual revenues supporting print, broadcast and online journalism have slipped to between US$63 billion (S$79.6 billion) and US$65 billion, based on 2012-2013 data.
That compared with US$94 billion to US$95 billion in 2006, the Pew researchers said.
The analysis gleaned from Pew's annual survey of the news media underscored the massive changes in the industry.
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