“Thank God you’re not in newspapers”: Local TV is doing way better than you’d think, a new report…

Local TV news: There are currently 703 local TV newsrooms across the U.S. producing content for 1,072 different stations.

Change in newsroom staff (2008 vs. 2018):
1) Local TV — ↑ 5%
2) Local newspapers — ↓ 50%

Flashback: Pew Research Center: Local TV News Fact Sheet

Local TV station revenue normally follows a cyclical pattern based on the political cycle.

Station Revenue by year (TV only):
1) 2010 — $19.4B
2) 2011 — $17.9B
3) 2012 — $20.3B
4) 2013 — $18.4B
5) 2014 — $20.0B
6) 2015 — $18.5B
7) 2016 — $20.6B
8) 2017 — $19.8B*
9) 2018 — $21.1B*

Digital revenue broke $1B for the first time in 2016.

Airtime dedicated to news continues to grow (hours per day):
1) 2003–3.7
2) 2008–4.6
3) 2013–5.3
4) 2016–5.7 (↑ 54% since 2003)

More #1: What Local TV News Needs to Do to Survive

More #2: ‘Digital’ TV Leaders Have Been Forged By Risk

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