The UK News Agencies industry includes businesses that provide the general media with news, pictures and feature articles. The industry's core services are still researching and providing news stories, but prepared video and audio are becoming increasingly important service segments. The industry was already declining as a result of media fragmentation, but the economic downturn exacerbated its difficulties and caused some firms to go bust. Revenue is estimated to contract at a compound annual rate of 6.3% over the five years through 2015-16 as demand for news content from the traditional media markets declines. Revenue is expected to contract by 1.6% to £2.8 billion in 2015-16.
News syndicates and agencies in this industry provide the general media with news, pictures and feature articles. The activities of newspaper publishers and independent journalists and photojournalists are not covered by the industry.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.