The world moves on news. From decisions based on coverage of financial markets and political developments to those based on local news or weather reports, the news impacts our lives directly and indirectly. News is available and accessed in multiple formats: digital (online news content), print (newspapers and magazines), and broadcasting (TV and radio).
Investors looking for investments in news-only companies should carefully study the overall business of a company to ensure that its operations fit into their desired investment profile. Here are some of the world’s top news companies, arranged in the decreasing order of the available market cap figures as of September 2023.
- News media companies have seen revenues erode over the past two decades as ad revenues and subscriptions suffer at the hands of online news outlets.
- Print media and local newspapers have been especially hard hit, as broadcast news continues to dominate the airwaves and streaming services.
- The top 10 media companies include Comcast, Thomson Reuters, and Nespers.
- Headquarters: Philadelphia
- Market Cap: $186.70 billion
Comcast (CMCSA) is a media giant. It is one of the largest broadcasting and cable television companies in the world by revenue. Comcast also ranks among the largest pay-TV companies, cable TV companies, and home internet service providers in the United States. The company also provides customers with home telephone services. Comcast controls the news media outlets NBC News, MSNBC, CNBC, and UK’s Sky News.
2. Thomson Reuters
- Headquarters: Toronto, Ontario, Canada
- Market Cap: $58.53 billion
Thomson Reuters (TRI) is a Canadian-based news and media company. It also provides financial and market data across the globe including the Reuters service. It owns both news the Thomson and Reuters News publications as well as other online financial and wire services. Thomson Reuters also corporate solutions, legal products, as well