Over the five years to 2017, the News Syndicates industry has experienced healthy growth. The industry has escaped the severity of the decline experienced by newspapers, its largest market, in part because publishers' struggles have led them to outsource content production to industry operators. Papers that can no longer afford to fund national or foreign bureaus can subscribe to syndicated content at a lower cost to maintain profitability without reducing the content they provide to their readers. However, smaller papers have likely reduced their consumption of syndicated content because broader stories are beyond their core coverage and, therefore, a more discretionary expense. Over the five years to 2022, however, the continued struggles of downstream print media markets will likely lead to stagnant demand for the industry's services. Newspaper consolidation will give more regional papers access to national news produced internally.
This industry includes companies engaged in supplying information on current events, such as news reports, articles, photography and features to the news media. Independent writers, journalists and photographers are not included in this industry but are within the scope of the Performers and Creative Artists industry (IBISWorld report 71151).
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.