[Ranking] TOP 24 Television Broadcasting / Media Companies Q3/2023
Intro
Television broadcasting is a critical component of the media industry, playing a vital role in shaping the worldwide economy. With its ability to reach millions of viewers across the globe, television has a profound influence on society and has ripple effects across diverse sectors. From news and entertainment to sports and advertising, television broadcasting has become an integral part of our daily lives.
The television broadcasting industry has experienced significant growth in recent years, both in terms of revenue and viewership. As technology continues to evolve, the industry has adapted to meet the demands of an increasingly digital world. Streaming services, on-demand content, and personalized viewing experiences have become commonplace, revolutionizing the way we consume television.
The economic magnitude of the television broadcasting industry is staggering. With billions of dollars in revenue generated annually, it is clear that television remains a thriving and lucrative business. Moreover, the industry is projected to continue its upward trajectory, fueled by advancements in technology and an insatiable demand for quality content.
Recent trends in the television broadcasting industry reflect the changing landscape of media consumption. Cord-cutting, the shift from traditional cable and satellite TV to streaming services, has become a prevalent trend among consumers. This has presented both challenges and opportunities for companies in the industry, forcing them to adapt to new business models and find innovative ways to engage with audiences.
The television broadcasting industry is in a constant state of evolution. As new technologies emerge and consumer preferences change, companies must stay agile and adaptable to remain competitive. The exploration of the top companies in this sub-industry will provide insights into the strategies and innovations driving the future of television broadcasting.
Ranking
#24 Emmis Communications Corporation
Employees: 1.2K
Revenue: 150M$
Website: https://www.emmis.com
Description: Emmis Communications Corporation is a prominent player in the Television Broadcasting industry. Headquartered in Indianapolis, United States, the company operates multiple television stations across the country. With a workforce of approximately 1.2 thousand employees, Emmis Communications focuses on delivering high-quality programming and news content to its viewers. Since its establishment in 1980, the company has been committed to providing engaging and informative television experiences to audiences. With annual revenue of around 150 million dollars, Emmis Communications has established itself as a key player in the Television Broadcasting sector, constantly striving to deliver exceptional entertainment and news content to its viewers.
#23 Salem Media Group, Inc.
Employees: 1.2K
Revenue: 150M$
Website: https://www.salemmedia.com/
Description: Salem Media Group, Inc. is a television broadcasting company based in Camarillo, United States. Founded in 1986, the company operates in the media industry, specifically focusing on television broadcasting. With a workforce of approximately 1.2 thousand employees, Salem Media Group generates an estimated annual revenue of 150 million dollars. The company is known for its diverse range of television broadcasts, offering a variety of programming to cater to different audience preferences. Salem Media Group strives to deliver high-quality content and engage viewers through its television broadcasts, contributing to the vibrant media landscape in the United States.
#22 Beasley Broadcast Group, Inc.
Employees: 1.6K
Revenue: 150M$
Website: https://www.bbgi.com
Description: Beasley Broadcast Group, Inc. is a North American media company headquartered in Naples, United States. Founded in 1961, the company operates in the Television Broadcasting industry. With approximately 1.6 thousand employees, Beasley Broadcast Group generates an estimated annual revenue of 150 million USD. The company specializes in the ownership and operation of television stations, providing programming and advertising services to its viewers. Beasley Broadcast Group focuses on delivering high-quality content and engaging its audience through its television broadcasts, contributing to the growth and development of the media industry in North America.
#21 Urban One, Inc.
Employees: 1.5K
Revenue: 250M$
Website: https://urban1.com/
Description: Urban One, Inc. is a media company operating in the Television Broadcasting industry. Headquartered in Silver Spring, United States, Urban One was founded in 1980. With approximately 1.5 thousand employees, the company generates an estimated revenue of 250 million dollars. Urban One focuses on providing television broadcasting services, delivering a range of content to viewers across various channels. The company aims to engage and entertain audiences through its diverse programming, including news, sports, entertainment, and lifestyle shows. Through its television broadcasting activities, Urban One contributes to the media landscape, providing informative and entertaining content to viewers.
#20 Saga Communications, Inc.
Employees: 1.5K
Revenue: 400M$
Website: https://www.sagacom.com/
Description: Saga Communications, Inc. is a media company based in Grosse Pointe Farms, United States. Founded in 1986, the company operates in the Television Broadcasting industry. With approximately 1.5 thousand employees, Saga Communications focuses on providing television broadcasting services to its audience. The company generates an estimated revenue of 400 million dollars. Through its various television channels, Saga Communications aims to deliver high-quality content and engage with viewers across different demographics. With its headquarters in Grosse Pointe Farms, Saga Communications continues to play a significant role in the media industry, offering a wide range of programming and entertainment options to its viewers.
#19 Townsquare Media, Inc.
Employees: 3.5K
Revenue: 450M$
Website: https://www.townsquaremedia.com/
Description: Townsquare Media, Inc. is a leading media company in the Television Broadcasting industry. Headquartered in New York, United States, the company operates across North America. With a workforce of approximately 3,500 employees, Townsquare Media focuses on providing a wide range of entertainment and information through its television broadcasting services. The company was founded in 1999 and has since grown to become a prominent player in the industry. Generating an annual revenue of around 450 million dollars, Townsquare Media continues to expand its reach and deliver engaging content to audiences across the region.
#18 Cumulus Media Inc.
Employees: 4.2K
Revenue: 1.2B$
Website: https://www.cumulusmedia.com/
Description: Cumulus Media Inc. is a prominent player in the Television Broadcasting industry. With its headquarters located in Atlanta, United States, the company has been operating since its founding in 1997. With a workforce of approximately 4,200 employees, Cumulus Media Inc. has established itself as a major presence in the industry. The company generates an estimated revenue of 1.2 billion dollars. Cumulus Media Inc. is dedicated to delivering high-quality television broadcasting services, providing a wide range of programming content to audiences across the United States. Through its innovative approach and commitment to excellence, Cumulus Media Inc. continues to shape the landscape of the Television Broadcasting industry.
#17 Entravision Communications Corporation
Employees: 2.6K
Revenue: 1.2B$
Website: https://www.entravision.com
Description: Entravision Communications Corporation, based in Santa Monica, United States, is a prominent player in the Television Broadcasting industry. Founded in 1996, the company has grown to employ approximately 2,600 individuals. With a revenue of 1.2 billion dollars, Entravision Communications operates multiple television stations across the United States and focuses on providing high-quality broadcasting services to its viewers. Through its diverse portfolio of Spanish-language and English-language television channels, the company aims to engage and entertain audiences while delivering impactful content. Entravision Communications Corporation continues to innovate and adapt to the evolving media landscape, solidifying its position as a key player in the Television Broadcasting industry.
#16 E.W. Scripps Company
Employees: 4.6K
Revenue: 1.2B$
Website: https://www.scripps.com/
Description: The E.W. Scripps Company, headquartered in Cincinnati, United States, is a prominent player in the Television Broadcasting industry. Founded in 1878, the company operates several television stations across the United States, providing news, entertainment, and other programming to millions of viewers. With a dedicated workforce of approximately 4.6 thousand employees, the company strives to deliver high-quality and engaging content to its audience. The E.W. Scripps Company generates substantial revenue, with an estimated annual revenue of 1.2 billion dollars. Through its television broadcasting activities, the company remains a key contributor to the media landscape, delivering valuable and informative content to viewers nationwide.
#15 Gray Television, Inc.
Employees: 7.5K
Revenue: 1.2B$
Website: https://www.gray.tv
Description: Gray Television, Inc. is a leading television broadcasting company headquartered in Atlanta, United States. With a rich history dating back to 1946, Gray Television operates in the Television Broadcasting industry, providing a wide range of television services to viewers across North America. The company has a workforce of approximately 7,500 employees, who play a key role in the production and delivery of high-quality content to millions of viewers. Gray Television generates substantial revenue, with an annual revenue of approximately 1.2 billion US dollars. Committed to innovation and excellence, Gray Television continues to be a prominent player in the rapidly evolving media landscape, delivering news, entertainment, and educational programming to communities across the United States.
#14 Entercom Communications Corp.
Employees: 10K
Revenue: 1.5B$
Website: https://entercom.com/
Description: Entercom Communications Corp., headquartered in Philadelphia, United States, is a prominent player in the Television Broadcasting industry. Since its establishment in 1968, Entercom has grown to become a leading media company, operating numerous television stations across North America. With a workforce of approximately 10,000 employees, Entercom focuses on delivering high-quality television content, including news, entertainment, and sports, to a wide audience. The company's annual revenue stands at around 1.5 billion US dollars, showcasing its significant presence in the industry. Entercom remains committed to providing captivating television programming and maintaining its position as a key player in the media landscape.
#13 Tribune Media Company
Employees: 10K
Revenue: 2.5B$
Website: https://www.tribunemedia.com
Description: Tribune Media Company, headquartered in Chicago, United States, is a prominent player in the Television Broadcasting industry. With a rich history dating back to 1847, the company has solidified its position as a leading media organization. Employing approximately 10,000 individuals, Tribune Media operates a vast network of television stations across the United States. The company's revenue stands at an impressive 2.5 billion dollars, reflecting its significant presence and success in the industry. Through its broadcasting activities, Tribune Media delivers a wide range of news, entertainment, and sports content to millions of viewers, making it a key player in the media landscape.
#12 The E.W. Scripps Company
Employees: 5.4K
Revenue: 2.9B$
Website: https://scripps.com
Description: The E.W. Scripps Company, headquartered in Cincinnati, is a leading player in the Television Broadcasting industry. Since its founding in 1878, the company has been at the forefront of delivering high-quality television content to audiences across the United States. With a workforce of approximately 5,400 employees, Scripps operates several television stations that serve local communities. The company's revenue stands at an impressive 2.9 billion dollars, a testament to its success in the industry. Scripps is known for its commitment to journalism, producing news programs and documentaries that inform and engage viewers. Through its television stations, Scripps provides a diverse range of programming, including news, sports, entertainment, and lifestyle content, catering to the diverse interests of its audience.
#11 Sinclair Broadcast Group, Inc.
Employees: 9.5K
Revenue: 3.2B$
Website: https://www.sbgi.net/
Description: Sinclair Broadcast Group, Inc. is a leading television broadcasting company based in Baltimore, United States. Since its establishment in 1986, Sinclair has grown to become one of the largest and most diversified television broadcasting companies in North America. With a workforce of approximately 9,500 employees, Sinclair operates a vast network of local television stations across the United States. The company's primary focus is on providing compelling local content and news to viewers in their respective communities. Sinclair's television stations reach millions of households, covering a wide range of demographics. With a revenue of 3.2 billion dollars, Sinclair Broadcast Group continues to play a significant role in the media industry, delivering high-quality programming and news to viewers nationwide.
#10 IHeartMedia, Inc.
Employees: 20K
Revenue: 3.5B$
Website: https://www.iheartmedia.com/
Description: IHeartMedia, Inc. is a leading television broadcasting company headquartered in San Antonio, United States. Founded in 2008, the company operates in the Media industry, specifically focusing on Television Broadcasting. With a workforce of approximately 20,000 employees, IHeartMedia generates an impressive revenue of 3.5 billion dollars. The company is known for its extensive reach and influence in the television broadcasting sector, offering a wide range of programming across various genres. IHeartMedia is committed to providing high-quality content and engaging experiences to its viewers, making it a prominent player in the media landscape.
#9 TEGNA Inc.
Employees: 11.5K
Revenue: 4.3B$
Website: https://www.tegna.com
Description: TEGNA Inc. is a leading television broadcasting company based in McLean, United States. With headquarters in North America, TEGNA operates in the Media industry, specifically in Television Broadcasting. The company was founded in 2015 and currently employs approximately 11.5 thousand people. TEGNA generates an estimated revenue of 4.3 billion US dollars. TEGNA operates a portfolio of television stations across the United States, providing news, entertainment, and digital content to their viewers. With a strong presence in the broadcasting industry, TEGNA continues to innovate and deliver quality programming to audiences nationwide.
#8 Nexstar Media Group, Inc.
Employees: 13K
Revenue: 4.5B$
Website: https://www.nexstar.tv
Description: Nexstar Media Group, Inc. is a leading television broadcasting company headquartered in Irving, United States. With operations primarily in North America, Nexstar operates over 200 television stations across the United States, reaching millions of viewers. The company was founded in 1996 and has grown to become one of the largest local television station operators in the country. Nexstar's portfolio includes stations affiliated with major networks such as ABC, CBS, NBC, and FOX. The company's stations deliver a wide range of content, including news, sports, entertainment, and local programming. With a workforce of approximately 13,000 employees, Nexstar generates significant revenue of 4.5 billion dollars, making it a key player in the television broadcasting industry.
#7 Discovery, Inc.
Employees: 9.5K
Revenue: 11.1B$
Website: https://corporate.discovery.com/
Description: Discovery, Inc. is a leading television broadcasting company headquartered in New York City, United States. Founded in 1985, the company operates in the Media industry, specifically focusing on television broadcasting. With approximately 9.5 thousand employees, Discovery, Inc. generates a revenue of 11.1 billion US dollars. The company is known for its wide range of factual entertainment, including popular channels such as Discovery Channel, Animal Planet, TLC, and Food Network. Discovery, Inc. produces and broadcasts a diverse portfolio of content that spans various genres, including science, nature, history, lifestyle, and cooking. Through its extensive global network, Discovery, Inc. reaches millions of viewers worldwide, delivering engaging and informative content that captivates audiences of all ages.
#6 Fox Corporation
Employees: 9K
Revenue: 12.3B$
Website: https://www.foxcorporation.com/
Description: Fox Corporation, headquartered in New York City, operates in the Television Broadcasting industry within the Media sector. Founded in 2019, the company has approximately 9,000 employees. With a revenue of 12.3 billion dollars, Fox Corporation is a major player in the industry. The company engages in the production and distribution of news, sports, and entertainment programming through its various television channels. It owns and operates the Fox Broadcasting Company, Fox Television Stations, Fox News, Fox Business, and a range of national and regional sports channels. Fox Corporation's television broadcasting activities contribute significantly to the overall media landscape, providing diverse and engaging content to audiences worldwide.
#5 ViacomCBS Inc.
Employees: 25K
Revenue: 16B$
Website: https://www.viacomcbs.com/
Description: ViacomCBS Inc. is a leading television broadcasting company headquartered in New York City, United States. With a history dating back to 2006, the company operates in the Media industry, specifically in Television Broadcasting. ViacomCBS is known for its diverse portfolio of television networks, including CBS, MTV, Nickelodeon, BET, Comedy Central, and Showtime. The company produces and distributes a wide range of content, including news, sports, entertainment, and original programming. With approximately 25,000 employees, ViacomCBS generates an annual revenue of around 16 billion dollars. Through its television broadcasting activities, ViacomCBS reaches millions of viewers worldwide, providing them with a variety of engaging and influential content.
#4 Charter Communications, Inc.
Employees: 98K
Revenue: 45B$
Website: https://www.spectrum.com
Description: Charter Communications, Inc., headquartered in Stamford, United States, is a leading company in the Television Broadcasting industry. Founded in 1993, Charter Communications operates under the brand name Spectrum and serves millions of customers across the United States. With a workforce of approximately 98,000 employees, the company offers a wide range of television services including cable, internet, and phone. Charter Communications generates an impressive revenue of 45 billion dollars, making it one of the largest players in the industry. With its commitment to innovation and superior customer service, Charter Communications continues to be a dominant force in the Television Broadcasting sector.
#3 The Walt Disney Company
Employees: 203K
Revenue: 69B$
Website: https://www.disney.com
Description: The Walt Disney Company, headquartered in Burbank, United States, is a major player in the Television Broadcasting industry. Founded in 1923, the company has grown to employ approximately 203,000 employees. With a revenue of 69 billion dollars, Disney operates a vast portfolio of television networks, including ABC, ESPN, Disney Channel, and National Geographic Channel. The company produces and distributes a wide range of content, such as scripted and reality TV shows, sports events, documentaries, and children's programming. Through its television broadcasting activities, Disney reaches millions of viewers worldwide, entertaining and captivating audiences of all ages.
#2 Comcast Corporation
Employees: 190K
Revenue: 108.9B$
Website: https://corporate.comcast.com/
Description: Comcast Corporation, headquartered in Philadelphia, United States, is a prominent player in the Television Broadcasting industry. Founded in 1963, Comcast operates as a leading media and technology company. With approximately 190,000 employees, the company has established itself as a major provider of cable television, internet, and telephone services in the United States. Comcast's revenue soared to an impressive 108.9 billion dollars, solidifying its position as a key player in the industry. As a diversified company, Comcast also owns and operates various broadcast and cable television networks, including NBCUniversal. The corporation's commitment to innovation and its vast array of media offerings have cemented its reputation as a major force in the media landscape.
#1 AT&T Inc.
Employees: 230K
Revenue: 181B$
Website: https://www.att.com/
Description: AT&T Inc., headquartered in Dallas, United States, is a prominent player in the Television Broadcasting industry. Founded in 1983, the company operates in North America and offers a wide range of television broadcasting services. With a workforce of approximately 230,000 employees, AT&T Inc. generates an impressive annual revenue of 181 billion dollars. The company is known for its innovative approach to delivering high-quality television content to consumers, leveraging advanced technologies and strategic partnerships. AT&T Inc. remains committed to expanding its presence in the Television Broadcasting industry, offering a diverse portfolio of channels and on-demand content to meet the evolving needs of viewers across North America.
Summary
The television broadcasting sub-industry is home to several major players who have achieved remarkable success in the media industry. These companies have demonstrated their ability to attract large audiences and generate substantial revenue through their television networks and programming. According to industry rankings, the top companies in this sub-industry include Comcast Corporation, The Walt Disney Company, and CBS Corporation.
One unexpected finding in the analysis is the increasing competition from streaming platforms such as Netflix and Amazon Prime Video. These online streaming services have disrupted the traditional television broadcasting model and are gaining popularity among audiences, posing a challenge to the established players in the industry.
Comcast Corporation, the largest cable television company in the United States, operates NBCUniversal, which includes popular television networks such as NBC, Bravo, and USA Network. The Walt Disney Company, a global entertainment conglomerate, owns and operates the ABC Television Network, as well as cable networks like ESPN and Disney Channel. CBS Corporation, another major player, owns the CBS Television Network and operates several other networks including Showtime and The CW.
One shared element among these top companies is their focus on producing high-quality content that appeals to a wide range of audiences. They invest heavily in creating compelling television shows, news programs, and sports events to attract viewers and advertisers. Additionally, these companies have made strategic acquisitions and partnerships to expand their reach and strengthen their market position.
What sets these eminent companies apart from their industry rivals is their ability to leverage their established brands and intellectual property to create compelling and exclusive content. They have successfully built strong relationships with content creators, allowing them to secure exclusive rights to popular shows and live sports events. Furthermore, these companies have embraced digital transformation by offering their content on various platforms, including streaming services, to cater to changing consumer preferences.