NMA: 'Urgent action' needed to help UK news industry as revenue drops 50 per cent in 11 years - Press Gazette

NMA: 'Urgent action' needed to help UK news industry as revenue drops 50 per cent in 11 years

UK local and national newspapers generated some £5.1bn of revenue in 2015, around half the total of 2004 – according to a new report.

The analysis by Deloitte, carried out for the News Media Association, excludes the Financial Times but looks at all other national and local newspaper businesses in the UK.

It found that local and national newspapers and their websites  contributed £5.3 billion to the UK economy in 2015 and that they account for 58 per cent of the total investment in news production.

The report sets out the challenge faced by newspaper publishers in the UK as their audience moves to digital formats, but their income falls away.

It found that some 88 per cent of publishers’ revenues comes from print versus 12 per cent from digital. This equates to £89 a year of revenue for print readers (on average) versus £15 for digital readers. Annual revenue for each print reader increases to £124 when the slice taken by retailers and wholesalers is included.

The study quotes Ofcom research which notes that those who use the internet to access news are more likely to do so via social media sites (42 per cent) and search engines (37 per cent) than via the websites or apps of newspapers (37 per cent).

It also found that newspapers rely heavily on third-party websites for traffic with three quarters coming from search, aggregators and social media and one quarter coming direct.

The study reckons that 87,500 jobs in the UK are dependent on the news industry, with 23,000 direct employees.

NMA chairman Ashley Highfield said:  “This report provides compelling evidence of the significant economic, cultural and social value that news media contributes to the UK. The industry is committed to continuing to invest in original news content.

“The industry performs a unique democratic function by investing in agenda-setting investigative journalism which holds authority to account such as The Guardian’s Panama Papers revelations, The Sunday Times’ investigation into FIFA, and the Jersey Evening Post’s investigation into online child grooming which was praised by the NSPCC.

“The report also presents the challenges the industry is facing. This highlights the urgent need for a fair and equitable regime in which news media publishers’ investment in news is appropriately acknowledged and rewarded, without the commercial benefits being siphoned off by digital platforms and aggregators.”

NMA vice chairman David Dinsmore said: “This report makes it abundantly clear that well researched, properly produced journalism which holds the powerful to account is more in demand – and more needed in our society – than ever before.

“Urgent action must be taken to ensure that news media publishers’ ability to fund the original agenda-setting news and information our readers want us to produce is not fatally undermined by third parties who gain so much from our investment while contributing very little.”

Picture: Shutterstock



Press Gazette's must-read weekly newsletter featuring interviews, data, insight and investigations.

Author: Dominic Ponsford

Dominic Ponsford is the editor of Press Gazette


4 thoughts on “NMA: 'Urgent action' needed to help UK news industry as revenue drops 50 per cent in 11 years”

  1. I just got paid $ 9658 every month by taking a shot at FACEBOOK for only 3 hours day by day. I was jobless 3 years before , however now i am truly upbeat that i am profiting to meet my costs successfully. It’s truly extremely fascinating and great. In the event that you take intrigue and like my occupation than you can check my points of interest here by tapping the link….>>>>>>
    Copy this Below link
    HERE ➥➥➥➥ w­­w­­w­­.­­D­­i­­y­­C­­a­­s­­h­­4­­4­­.­­c­­o­­m

  2. I want to shear a life changing story with everyone who cares to read this testimony. Blank atm cards are real and are effective all over the world. my name is [williams pascal] i live in SPAIN . I got this card from [MR OSCAR ] a month ago. this card has really help me pay my debits and now i am free from all financial problems. I no this is hard to believe , but i never new there was this kind of card until i got one. This card withdraw more than €6000 daily and it is very easy to use. But you have to be very careful in other not to be caught by the police because it is illegal. If you want more information on this card and how to get one just contact the hackers by this address (oscarwhitehackersworld@gmail.com)

1 2

Comments are closed.