In the annual State of the News Media report, Pew Research finds 2013 was a “relatively weak” year for economic growth among the cable news outlets. Fox News was projected to increase its total revenue by 5% to $1.89 billion, CNN was projected to increase 2% to $1.11 billion and MSNBC was projected to decline by 2% to $475 million, according to SNL Kagan.
Both CNN and MSNBC had ad revenue losses year-over-year. Revenue from license fees — the money that the channels charge cable providers in exchange for carrying their programming — continued to grow. License fee revenue makes up 64% of total intake for CNN and 58% for Fox news.
We’ll have more on the Pew Research report later today.