Friday, 18th December 2009
New Statistics from U.S. Census: 2008 Service Annual Survey: Information Sector Services
From the Summary:
...estimates come from the 2008 Service Annual Survey: Information Sector Services. The survey provides national estimates of annual revenue and expenses for industries primarily engaged in producing, processing and distributing data, which range from motion picture production to libraries.
Newspaper publishers experienced a single-year decline in total revenue of 8.3 percent — from $47.9 billion in 2007 to $43.9 billion in 2008. This followed a more modest decline of 2.7 percent in 2007, the U.S. Census Bureau reported today.
A major contributor to the overall loss in revenues for the industry was the decline in advertising space revenue for general newspapers, which dropped 10.2 percent — from $30.9 billion in 2007 to $27.8 billion in 2008. Revenue from newspaper subscriptions remained largely unchanged over the period, from $8.3 billion in 2007 to $8.2 billion in 2008.
Cable and other subscription programming, such as producing and broadcasting television programs for cable and satellite television systems, continued to see increased revenues, climbing from $40.9 billion in 2007 to $45.1 billion in 2008 — an 10.1 percent increase.
Over the same period, Internet publishing and broadcasting revenues grew 19.8 percent from $16.7 billion to $20 billion, spurred in part by the increase in revenue from one of its sources, publishing and broadcasting of Internet content, which increased 19.6 percent — from $8.7 billion in 2007 to $10.4 billion in 2008.
Complete Tables: Data Tables ||| Spreadsheet|||
+ Newspaper Revenue Graphic (XLS)
Source: U.S. Census
Hat Tip: Stuart B.