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Who Owns Your Favorite News Media Outlet?

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Who Owns Your Favorite News Media Outlet?

Who Owns Your Favorite News Media Outlet?

It’s no secret that news media is a tough industry.

For various reasons — from tech disruption to changing media consumption habits — the U.S. has seen a net loss of 1,800 local newspapers over the past 15 years. As regional newspapers are bundled together, and venture-backed digital media brands expand their portfolios, the end result is a trend towards increased consolidation.

Today’s graphic, created by TitleMax, is a broad look at who owns U.S. news media outlets.

Escaping the News Desert

As outlets battle the duopoly of Google and Facebook for advertising revenue, the local news game has become increasingly difficult.

As a result, news deserts have been springing up all over America:

What happens when times get tough?

One option is to simply go out of business, while another traditional solution is to combine forces through consolidation. While not ideal, the latter option at least provides a potential route to revenue and cost synergies that make it easier to compete in a challenging environment.

Nation of Consolidation

Though the numbers have decreased in recent years, regional news media still reaches millions of people each day.

Below is a look at the top 20 owners of America’s newspapers:

Parent CompaniesTotal PapersExample brands
New Media Investment Group451Patriot Ledger, The Columbus Dispatch, The Providence Journal
Gannett216USA Today, Detroit Free Press, Arizona Republic
Digital First Media158Oakland Tribune, San Jose Mercury News, Denver Post
Adams Publishing Group144The Charlotte Sun, Wyoming Tribune-Eagle
CNHI114Niagara Gazette, The Huntsville Item, The Lebanon Reporter
Lee Enterprises100Arizona Daily Sun, St. Louis Post Dispatch
Ogden Newspapers81The Maui News, The Toledo Chronicle, Salem News
Tribune Publishing77Chicago Tribune, Los Angeles Times, The Baltimore Sun
Berkshire Hathaway Media75Buffalo News, Winston-Salem Journal, Omaha World-Herald
Shaw Media71Suburban Life Magazine, Putnam County Record
Boone Newspapers66The Austin Daily Herald, The Charlotte Gazette
Hearst Corp.66San Francisco Chronicle, Seattlepi.com, Houston Chronicle
Paxton Media Group58Daily Corinthian, Connersville News-Examiner
Landmark Media Enterprises55Citrus County Chronicle, The News-Enterprise
Community Media Group51Lafayette Leader, The Wellsboro Gazette
AIM Media50Odessa American, El Nuevo Heraldo
McClatchy49Idaho Statesman, Miami Herald, The Sacramento Bee
Advance Publications46The New Yorker, Vanity Fair, Wired, The Oregonian, NJ.com
Rust Communications44Cherokee Chronicle Times, Southeast Missourian
News Media Corp.43Cheyenne Minuteman, Brookings Register, Newport News Times

Source

Turnover in this segment of the market has been brisk. In fact, more than half of existing newspapers have changed ownership in the past 15 years, some multiple times. For example, the LA Times is now in the hands of its third owner since 2000, after being purchased by billionaire biotech investor Patrick Soon-Shiong.

The industry may be facing another dramatic drop off in ownership diversity as the two largest players, New Media Investment Group and Gannett, are on the path to merging. If shareholders give the thumbs-up during the vote this November, Gannett will have amassed the largest online audience of any American news provider.

The Flying Vs: Vox and Vice

It isn’t just regional papers being swept up in the latest round of mergers and acquisitions — new media is getting into the mix as well.

Vox Media recently inked a deal to acquire New York Media, the firm behind New York Magazine, Vulture, and The Cut.

I think you’re going to see that trend [of consolidation] across the industry. I just hope it’s done for the right reasons. You see too many of these things done for financial engineering.

– Jim Bankoff, CEO of Vox Media

Meanwhile, Vice recently acquired Refinery29 for $400 million, giving it access to a new audience skewed towards millennial women. This match-up seems awkward on the surface, but it allows advertisers to reach a broader cross-section of people within each ad ecosystem.

Both companies announced layoffs in the past year, and this restructuring may help both companies win as they consolidate resources.

The Bottom Line

While news media isn’t quite as consolidated as the broader media ecosystem, it’s certainly trending in that direction. Thousands of American communities that had local newspapers in 2004 now have no news coverage at all, while remaining papers are increasingly becoming units within an umbrella company, with no direct stake in community reporting.

That said, until the issue of monetization is definitively sorted out, consolidation may be the only way to keep the presses from stopping.


About the Graphic

This list of top 100 news sites was compiled using the following criteria:

– The top “digital-native” news outlets by monthly unique visitors (Pew Research and ComScore, excluding sports)
– The top newspapers by average Sunday circulation (Pew Research and Alliance for Audited Media)
– Alexa’s top sites under the category of news (U.S. only, excluding user-generated)

Note: The graphic has been updated to reflect changes in ownership for Refinery29, Gizmodo, and Jezebel.

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Misc

Ranked: The Top 10 U.S. Pizza Chains by Market Share

Domino’s is the biggest pizza chain in the U.S. by sales.

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Graphic showing America’s biggest pizza chains by 2022 revenue.

Ranked: Top 10 U.S. Pizza Chains by Market Share

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

About 3 billion pizzas are sold annually in the United States. In 2022, pizza restaurant sales in the U.S. reached an all-time high of $46.9 billion, an increase of roughly $10 billion compared to just a decade prior.

This graphic lists the top 10 U.S. pizza chains based on 2022 sales figures. This data was accessed via Statista (published June 2023).

Domino’s Domination

Domino’s is the biggest pizza chain in the U.S. by sales, reaching $8.6 billion in revenue in 2022. The brand is also found in 90 other countries around the globe, including stores on every continent except Antarctica.

According to Domino’s main website, there are over 20,500 locations worldwide, which collectively serve over 1 million customers per day.

Domino’s is followed by Pizza Hut with $5.3 billion in revenue. Little Caesars, with $4.7 billion, completes the top three.

Company2022 Revenue (USD)
Domino's Pizza8,572,000,000
Pizza Hut5,270,000,000
Little Caesars4,724,000,000
Papa Johns3,712,000,000
Marco's Pizza1,063,000,000
Papa Murphy's753,000,000
MOD Pizza662,000,000
Hungry Howie's534,000,000
Round Table463,000,000
Jet's Pizza441,000,000

The top end of this ranking contains household names, but regional pizza chains also make the cut. Jet’s Pizza is popular in the Great Lakes region, and most Hungry Howie’s locations can be found in Michigan and Florida.

The overall number of pizza restaurants in the U.S. has been on the rise, reaching more than 80,000 units in 2022.

If you enjoyed this post, be sure to check out this graphic, which visualizes the change in market share of U.S. carbonated soft drinks between 1995 and 2023.

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