Industry advertising revenue falls by 7.5% according to NewsMedia Works

January 31, 2017 8:03

NewsMedia Works has announced its 2016 revenue numbers claiming a fall in earnings with $2.28 billion dollars for advertising in 2016, while print continues to decline.

The statistics collected by NewsMedia Works, the industry body, and SMI shows the decline in newspaper-inserted magazines by 9.2% and 11.3%, respectively, in print. However, while the print industry revenue is declining, it still manages to account for approximately 80%.

The major print publishers in the data research, News Corp Australia, Fairfax, West Australian Newspapers and APN News & Media fell from 1.911m last year to 1.695m this year.

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Abigail Dawson

Abigail Dawson was Mumbrella's senior content journalist covering event content. She left Mumbrella to move into an agency role in 2020.