Americans depend on trustworthy and accurate news corporations to provide detailed information about the local and global circumstances that affect their lives. The age of COVID-19 has only furthered the need for a prompt and informative news cycle.
Billions of people tune into their favorite dependable news corporation to learn about current events. With the range of events that take place daily, the news industry is diverse and massive.
According to revenue and reach, the ten largest news corporations providing daily headlines to the United States include the following.
DETAILED LIST OF THE 10 LARGEST NEWS CORPORATIONS IN THE UNITED STATES
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Annual Revenue: $103.56 billion
Comcast is the largest news provider according to its massive annual revenue. They manage to triple the competition in this department because they participate in so many media outlets. Many of the cable channels that supply the news to American households are presented by Comcast.
Some examples of Comcast channels include:
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MSNBC
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CNBC
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USA Network
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E!
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Oxygen
In addition to cable channels, Comcast controls a few notable animation studios, such as:
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DreamWorks Animation
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Illumination
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Universal Animation Studios
Comcast also owns Universal Parks and Resorts. While Comcast has come under scrutiny for violating net neutrality in the past, its culmination of wealth lands Comcast as the largest news corporation in the United States.
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Annual Revenue: $30.4 billion
One of the most influential news companies in the United States is WarnerMedia for their holdings in broadcasting, motion pictures, and cable programming. The corporation was originally founded as Time Warner Inc. in 1990 as a marriage between Warner Communications and Time Inc.
The most recent name change to WarnerMedia occurred as the result of the company being purchased by ATT, the largest media conglomerate in the world.
The WarnerMedia company has three major factions. These include:
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Warner Bros Pictures Inc.
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Home Box Office Inc. (HBO)
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Turner Broadcasting System Inc.
These branches of the WarnerMedia collective produce various forms of news, like books, magazines, and cable networks. This variety of communication mediums built one of the largest multi-billion news companies in America.
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Annual Revenue: $20 billion
The Cox Media Group has a more limited history than other huge news companies.
Owned by the parent company Apollo Global Management, Cox Media Group was established in 2008 as a merger of several broadcasting and publishing organizations. It brought together various forms of news and media communication under one digital media company title.
The organization has a few different divisions that separately handle newspapers, television, and radio news. Cox Media Group mostly handles regional news channels around the Eastern United States.
As of 2019, the Cox Media Group bought out the CMG television stations to hold the majority interest. Although the company is somewhat young, business acquisitions like this have made the Cox Media Group one of the largest news corporations.
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Annual Revenue: $14.514 billion
The CBS Entertainment Group, originally known as the Columbia Broadcasting System, has one of the longest lifespans of all the active news companies today. Founded nearly a hundred years ago, CBS is an American mass-media company that supplies many national news television networks.
Some examples of CBS networks include:
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The CBS television networks (CBS News and CBS Sports)
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The CW (50% ownership)
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CBS Studios
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CBS Local
The CBS Entertainment Group is part of one of the biggest media companies in America, ViacomCBS. This division mostly handles the regional news portions of television stations. In addition to the CBS Entertainment Group, ViacomCBS also controls:
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Paramount Pictures Corporation
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BET Networks
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Showtime Networks
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MTV Entertainment Group
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International Television Networks
Even as a single subsidiary of a larger media organization, the CBS Entertainment Group is one of the most massive news providers in the United States.
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Annual Revenue: $11.4 billion
The perfectly misshapen glass building of the Hearst Communications Inc. headquarters attracts the attention of New York visitors every day. The Hearst corporation earned this beautiful piece of Manhattan architecture for being one of the most sizable news companies in the United States.
Similar to other big news companies, Hearst Communications Inc. functions through both newspapers and television channels. Some examples of their publications and television networks include:
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The Houston Chronicle
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The San Francisco Chronicle
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Cosmopolitan
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AE Networks (50% Ownership)
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ESPN (20% Ownership)
Heart Communications Inc.’s domination in written and visual news has earned them a spot as a hugely influential news company.
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BBC Worldwide. London, United Kingdom
Annual Revenue: $11.3 billion
Although the British Broadcasting Corporation, or BBC, isn’t based out of the United States, they still provide important international news directly to Americans.
After World War I, the BBC was established under a royal charter as a broadcasting system to communicate with citizens. It held a monopoly over broadcasting in Britain until 1954 and is the oldest news provider in the country.
The BBC is a public corporation, as opposed to a private entity, which means that the British Broadcasting Corporation cannot advertise to its viewers. The structure of the British Broadcasting Corporation went on to inspire other countries in their delivery of national news.
BBC is the biggest broadcaster in the entire world according to the number of employees. Their impact on American news absorption and size enables BBC to be included as one of the largest news companies in the U.S.
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Annual Revenue: $9.008 billion
News Corp is the force behind the most popular financial and real estate news outlets in America. The company was originally known as News Corporation until 2013, when it was split into News Corp and 21st Century Fox.
Up until this point, it was considered the largest news provider in the United States due to its ownership of Fox News and The Wall Street Journal.
Even after the 2013 restructuring, News Corp remains a major American news provider. Some of the notable current subsidiaries of News Corp include:
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News UK
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Dow Jones Company
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News Corp Australia
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Realtor.com
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HarperCollins
The viewership of News Corp extends past the boundaries of the United States. People worldwide turn to the News Corp subsidiaries to get their fill of current events in the business world. Their enormous audience and yearly revenue land News Corp as one of the largest news suppliers in North America and beyond.
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The New York Times Company. New York, NY
Annual Revenue: $1.81 billion
The New York Times Company is best known for its newspaper publication under the same title founded in the 1950s. During its formation, the founders of the New York Times vowed to publish the paper daily, except on Sundays, for the foreseeable future.
That promise stuck. The Times has been published daily for 70 years and counting.
While the New York Times started as a newspaper, the company has expanded its interests into other areas. Most recently, the corporation obtained the podcast company “Serial Productions” in July of 2020. This acquisition represents a series of actions that the Times has taken over the years to branch into other forms of news communication.
Their diversification has paid off tenfold. The New York Times Company remains one of the most wide-reaching news corporations in the United States.
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CNN. Atlanta, GA
Annual Revenue: $1.06 billion
Most people today are familiar with the constant cycle of ever-changing news communicated at all hours of the day. We expect to have current events recited to us immediately, but news communication wasn’t always like that. Full coverage on the 24-hour news cycle was initiated by the Cable News Network (CNN).
Their unconventional coverage methods have allowed CNN to be the primary news source during many American historical events, such as:
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The Gulf War
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September 11, 2001
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Presidential Elections 2008-2020
In addition to being the earliest broadcaster to provide information around the clock, CNN is also known for being the first television channel that was solely for news.
The corporation’s continual coverage of the national news has solidified CNN as one of the most-watched television channels in the United States. The Cable News Network has racked up 90 million loyal viewers as of 2018.
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National Public Radio. Washington, D.C.
Annual Revenue: $258.7 Million
The National Public Radio, often dubbed NPR, is an independent non-profit media and news corporation founded in 1970. It was created from an American congressional act, and most of its stations are governmentally run through public universities.
National Public Radio produces several informative programs, such as:
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All Things Considered
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TED Radio Hour
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Morning Edition
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Here and Now
NPR was established to inform the public and keep millions of Americans easily connected to relevant news. This attracts an audience of 60 million listeners weekly across over 1,000 NPR broadcasting stations.
While NPR brings in significantly lower revenue than other big media companies, they’re still deemed one of the largest news providers in the United States due to their colossal audience size.
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Author
Sky Ariella is a professional freelance writer, originally from New York. She has been featured on websites and online magazines covering topics in career, travel, and lifestyle. She received her BA in psychology from Hunter College.
