Categories: OLD Media Moves

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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Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.