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Pew Report: 2013 ‘Relatively Weak’ For Cable News Revenues

pew report cable news revenuesIn the annual State of the News Media report, Pew Research finds 2013 was a “relatively weak” year for economic growth among the cable news outlets. Fox News was projected to increase its total revenue by 5% to $1.89 billion, CNN was projected to increase 2% to $1.11 billion and MSNBC was projected to decline by 2% to $475 million, according to SNL Kagan.

Both CNN and MSNBC had ad revenue losses year-over-year. Revenue from license fees — the money that the channels charge cable providers in exchange for carrying their programming — continued to grow. License fee revenue makes up 64% of total intake for CNN and 58% for Fox news.

We’ll have more on the Pew Research report later today.

Mediabistro Course

Multimedia Journalism

Multimedia JournalismStarting September 25, learn how to create interactive packages with photos, audio, and video! Taught by a multiplatform journalist, Darragh Worland will teach you how to come up stories that would be best told in a multimedia format, and create original content for that package using photos, slideshows, and short video and audio pieces. Register now!