• Within newspaper publishing, the total estimated revenue of US newspaper companies was $22.04 billion as of 2021.
• Advertising space makes up 46.14% of revenue ($10.17 billion) for US newspaper companies.
• Subscriptions and sales make up 39.83% of revenue ($8.78 billion) for US newspaper companies.
• However, estimated revenues have dropped by 15.26% since 2017.  
• The total estimated export revenue for US newspaper companies was $213 million as of 2021.
• Furthermore, estimated export revenues have increased by 36.54% since 2017.
• The total estimated expenses for US newspaper companies was $20.61 billion as of 2021.
• Estimated expenses have dropped by 15.44% since 2017, which could be linked to an increase in digital copies alongside the decreased demand for print.
• The total estimated profit for US newspaper companies was $1.44 billion as of 2021.
• Despite this, estimated profits have dropped by 12.54% since 2017.

Revenue for US newspaper companies

• As of 2021, the total estimated revenue for US newspaper companies was $22.04 billion.
• This was a drop of 0.50% from 2020’s $22.15 billion.
• Over the given period, estimated revenues dropped year-on-year.
• Since 2017, estimated revenues have dropped by 15.26%.  
• Estimated revenue for newspaper companies dropped by an average of 3.82% per year during the period.

Year	Estimated revenue	Change	Inflation-adjusted
2021	$22.04 billion	– 0.50%	$19.86 billion
2020	$22.15 billion	– 6.22%	$20.90 billion
2019	$23.62 billion	– 7.15%	$22.71 billion
2018	$25.44 billion	– 2.19%	$24.94 billion
2017	$26.01 billion		$26.01 billion

A graph is given below to show the estimated revenue for US newspaper companies:

Sources of revenue for US newspaper companies

• As of 2021, advertising space makes up 46.14% of revenue for US newspaper companies.
• Subscription and sales make up 39.83% of revenue for US newspaper companies.
• Printing services make up 4.64% of revenue for US newspaper companies.
• Distribution services make up 1.64% of revenue for US newspaper companies.
• Other revenue sources were responsible for the remaining 7.75%.

Year	Advertising space	Subscriptions and sales	Printing services	Distribution services	Other revenue
2021	$10.17 billion	$8.78 billion	$1.02 billion	$0.36 billion	$1.71 billion
2020	$10.22 billion	$8.80 billion	$1.07 billion	$0.41 billion	$1.66 billion
2019	$11.60 billion	$8.85 billion	$1.19 billion	$0.44 billion	$1.54 billion
2018	$12.79 billion	$9.26 billion	$1.16 billion	$0.46 billion	$1.77 billion
2017	$13.79 billion	$9.16 billion	$1.15 billion	$0.54 billion	$1.37 billion

A graph is given below to show the estimated sources of revenue for US newspaper companies between 2019 – 2021:

Export revenues for US newspaper companies

• As of 2021, the total estimated export revenue for US newspaper companies was $213 million.
• This was a drop of 15.81% from 2020’s $253 million.
• Over the given period, estimated export revenues peaked with 2018’s $331 million.
• Since 2017, estimated export revenues have increased by 36.54%.
• Estimated export revenues have increased by an average of 9.14% per year during the period.

Year	Estimated export revenue	Change	Inflation-adjusted
2021	$213 million	– 15.81%	$192 million
2020	$253 million	+ 8.12%	$239 million
2019	$234 million	– 29.31%	$225 million
2018	$331 million	+ 112.18%	$325 million
2017	$156 million		$156 million

A graph is given below to show the estimated export revenues for US newspaper companies:

Expenses for US newspaper companies

• As of 2021, the total estimated expenses for US newspaper companies was $20.61 billion.
• This was a drop of 4.01% from 2020’s $21.47 billion.
• Over the given period, estimated expenses have dropped every year.
• Since 2017, estimated expenses have dropped by 15.44%.
• Estimated expenses for newspaper companies dropped by an average of 3.86% per year during the period.

Year	Estimated expenses	Change	Inflation-adjusted
2021	$20.61 billion	– 4.01%	$18.57 billion
2020	$21.47 billion	– 3.81%	$20.25 billion
2019	$22.32 billion	– 7.00%	$21.46 billion
2018	$24.00 billion	– 1.52%	$23.53 billion
2017	$24.37 billion		$24.37 billion

A graph is given below to show the estimated expenses for US newspaper companies:

Profit for US newspaper companies

• As of 2021, the total estimated profit for US newspaper companies was $1.44 billion.
• This was an increase of 111.77% from 2020’s $0.68 billion.
• Over the given period, estimated profits declined year-on-year, until increasing in 2021.
• Since 2017, estimated profits have dropped by 12.54%.
• Estimated profits for newspaper companies dropped by an average of 3.14% per year during the period.

Year	Estimated profit	Change	Inflation-adjusted
2021	$1.44 billion	+ 111.77%	$1.30 billion
2020	$0.68 billion	– 47.69%	$0.64 billion
2019	$1.30 billion	– 9.09%	$1.25 billion
2018	$1.43 billion	– 12.80%	$1.40 billion
2017	$1.64 billion		$1.64 billion

A graph is given below to show the estimated profit for US newspaper companies: