Wigglesworth writes, “In case you blinked and missed it, financial news only generated $1.7bn of revenues last year.
“In other words: News has easily been the slowest-growing part of the broader industry over the past five years, despite all the attention it generates (find someone who loves you as much as journalists love writing about other journalists).
“The news providers included in this data are primarily outlets like Bloomberg, Dow Jones and Refinitiv newswires, along with niche media like Argus. One bright spot is that the market for financial news is less concentrated than the broader financial-information industry, judging by Burton Taylor’s estimates (which it derives from talking with the mostly private companies, and are said to be pretty accurate).
“That said — and perhaps we’re clutching at straws here — the Burton Taylor numbers probably underestimate the importance of news to these businesses.”
Read more here.
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