Pew study projects revenue growth for business TV channels
The Pew Research Center’s State of the News Media report released Wednesday projected revenue growth for the three business news television channels.
The study projected Fox Business Network with 17 percent revenue growth in 2014 to $205 million; CNBC was projected to have 5 percent growth in revenue to $702 million
Bloomberg Television was projected with 7 percent revenue growth to $191 million.
Mark Joyella of TVNewser added: “The report, ‘The State of the News Media 2015,’ projected no cutbacks at any of the cable news networks, with newsroom spending expected to increase by 4%. Of the three networks, CNN–the leader in terms of bureaus around the world (44) is expected to increase spending the most (7% to $805 million), while MSNBC (20 bureaus, including NBC News) up 5% to $296 million and Fox News (16 bureaus) steady at $803 million.”
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