Local news organizations said newsletters, video, and digital subscriptions were their top digital successes in 2024, according to the annual Local Media Industry Insights Survey conducted by the Local Media Consortium.
The survey, released this week, included responses from 87 local media companies — 66% local newspapers, 27% broadcast, 3% online-only, and 4% mixed format — about the year-over-year state of the local news industry. More than half of respondents were smaller community outlets, one in five were major metro publications, and 28% were multi-market companies. (LMC members include major legacy outlets The Atlanta Journal-Constitution and The Boston Globe; chains McClatchy and Lee Enterprises; public media such as Connecticut Public; and local TV networks like Circle City Broadcasting. The survey was open to both members and non-members.)
Roughly half (45%) of local news orgs reported overall digital revenue increased in 2024. Another 30% reported digital revenue remained flat and 16% reported a decrease compared to the previous year. The LMC defined digital revenue as any revenue from digital channels, including advertising, consumer, affiliate, e-commerce, and revenue from other online sources.
Looking ahead to 2024, most surveyed (83%) expected digital revenue to increase (68%) or stay flat (15%) at their local news org. Only 1% projected a decrease in digital revenue in 2025.
Though political ad spending was up nationwide with a record-breaking $11 billion (yup, with a b!) spent nationwide, the LMC results indicate respondents were not among the “recipients of the fruits of these political ad buys.” (An ad industry report found that nearly 70% of all political ad spending in the 2024 cycle had been spent in just a handful of battleground states.)
Only 4.6% of survey respondents saw a 50% increase in political ad spend in 2024 compared to 2023. Nearly 20% “did not see any lift at all” and another quarter (24%) saw less than a 10% increase.
Other tidbits from the survey:
Read the rest of the report — and compare stats from previous years — here.
Correction: A previous version of this article incorrectly stated that Lee Enterprises is owned by Alden. Alden’s takeover attempt failed in 2022.
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