News Syndicates in the US
The News Syndicates industry has used the power of the internet to fulfill all of these needs through digital innovations within text, audio, video and graphics that have replaced traditional forms of printed newspapers and radio broadcasts. While newspaper syndication has suffered from declining readership since the internet first popularized digital news in the mid-1990s, syndicators have survived by embracing online news distribution. Over the five years to 2018, industry revenue is expected to fall. Over the five years to 2023, the continued struggles of downstream print media markets will likely lead to more sharply reduced demand for the industry's services. Newspaper consolidation will give more regional papers access to national news produced internally. In addition, social media users now provide digital and TV news producers access to free visual media on many breaking news events, reducing their need to purchase syndicated content. However, the industry will remain vital to media coverage and its decline will be gradual.
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.
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