2.9.8.4Vertical

News Publishers & Media Companies

Digital and print news organizations producing journalism.

Market snapshot

These figures describe Publishing & Print Media (2.9.8), the segment that News Publishers & Media Companies sits within — not News Publishers & Media Companies on its own.

Market size
~$99B
Growth
~1.6%CAGR (2017–22, nominal)
Companies
~14,700
FragmentationConsolidatingEstimate

U.S. Census Bureau 2022 CBP/Economic Census, NAICS 513110-513199 (newspaper, periodical, book, directory, and other publishers; 2017 codes 5111xx). Excludes software publishers (513210), tracked in Technology.

Business model & economics

Revenue model

Book sales, subscriptions, advertising, and licensing

Key economics

Recurring revenue
Moderate

subscriptions recur; book sales are title-driven

EBITDA margin
10–20%
Capex intensity
Low

Characteristics

  • Book publishing resilient and consolidated; news in decline.
  • Digital subscriptions offsetting print advertising losses.
  • Directory publishing has largely collapsed.

M&A deal context

Deal activityModerate

Who’s acquiring

  • Major book publishers
  • Newspaper consolidators (distressed)
  • PE-backed media investors

What’s driving deals

  • Consolidation in book publishing.
  • Distressed roll-ups in newspapers.
  • Digital-subscription transitions reshaping value.

Find News Publishers & Media Companies acquisition targets

Search Acquisera’s index for companies classified under News Publishers & Media Companies (2.9.8.4) and build a targeted deal pipeline.

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