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Journalism and digital media

The 18 companies in this industry listed on the NYSE and Nasdaq are worth $84 bn combined; the largest are Thomson Reuters (TRI), News Corp (NWSA) and The New York Times Company (NYT). For each one: what it does, revenue, margin, free cash flow over the last five years and a score from 0 to 10.

Data as of October 2026

Comfortable leader
18 companies value 84 bn revenue 29 bn margin 11.0% free cash flow 4.3 bn avg. score 4.0
TRI holds 57.6% of the group's value, 3.0x the runner-up · NYT leads the industry without being the largest
Rank Ticker Company Share Value Revenue Margin FCF 5 years FCF/px Yield What it does · why it is here
1 TRI Thomson Reuters
Canada · score 6.3
58% 48 bn 7.8 bn 21.2% 2.2 bn 4.6% — Legal, tax and news information and software · Legal and tax information by subscription; high margins and almost entirely recurring revenue
2 NWSA News Corp
United States · score 6.1
20% 16 bn 9.0 bn 6.3% 0.8 bn 5.0% 1.3% Newspapers, HarperCollins and real estate data services · Owner of The Wall Street Journal, Dow Jones and Australia's largest property listings network
3 NYT The New York Times Company
United States · score 6.8
13% 11 bn 3.0 bn 13.2% 0.6 bn 5.7% 1.1% The New York Times newspaper, by subscription · World's largest newspaper by digital subscribers; a successfully completed transition
4 PPLI People Inc
United States · score 5.1
3% 2.9 bn 2.4 bn 14.1% 0.1 bn 4.3% — Lifestyle magazines and digital media · New York — revenue of $2.4bn
5 ZD ZIFF DAVIS, INC.
United States · score 7.3
2% 1.9 bn 1.4 bn 44.7% 0.3 bn 16.4% — Digital media and internet: technology, shopping, gaming, health and martech · New York — revenue of $1.4bn
6 TDAY USA TODAY Co., Inc.
United States · score 2.0
1% 1.0 bn 2.2 bn -1.8% 0.1 bn 6.0% — Diversified media with national and local reach · New York — revenue of $2.2bn
7 DJCO DAILY JOURNAL CORP
United States · score 3.5
1% 0.8 bn 0.1 bn -11.6% 0.0 bn 2.2% — Newspapers and legal publications in California and Arizona · California — revenue of $98m
8 HKD AMTD Digital Inc.
France · score 4.3
1% 0.5 bn 0.1 bn 71.3% 0.0 bn 2.7% — Digital and media services, from Hong Kong · France — revenue of $136m
9 TTGT TechTarget, Inc.
United States · score 2.5
0% 0.3 bn 0.5 bn -36.8% 0.0 bn 1.3% — B2B technology media and purchase intent data · Massachusetts — revenue of $485m
10 MKTW MARKETWISE, INC.
United States · score 5.4
0% 0.3 bn 0.3 bn 0.7% 0.1 bn 15.5% — Research, education and tools for investors · Maryland — revenue of $318m
11 SSTK Shutterstock, Inc.
United States · score 4.4
0% 0.2 bn 0.9 bn -22.9% 0.1 bn 54.7% 30.0% Global creative content platform · New York — revenue of $901m
12 LEE LEE ENTERPRISES, Inc
United States · score 0.0
0% 0.1 bn 0.5 bn -1.8% 0.0 bn -0.4% — Local digital news by subscription and marketing services · Iowa — revenue of $517m
13 BZFD BuzzFeed, Inc.
United States · score 0.0
0% 0.1 bn 0.2 bn -35.8% -0.0 bn -19.7% — Digital media, content and AI apps · New York — revenue of $171m
14 FENG Phoenix New Media Ltd
China · score 1.8
0% 0.0 bn 0.1 bn 0.0% 0.0 bn -13.7% 0.9% News and video portal in China · China — revenue of $115m
15 PAAI Paradium.AI, Inc.
United States · score 4.5
0% 0.0 bn 0.1 bn 9.3% 0.0 bn 70.1% — Digital content on sports, lifestyle and finance · New York — revenue of $101m
16 KRKR 36Kr Holdings Inc.
China · score 6.8
0% 0.0 bn 0.0 bn 5.0% 0.0 bn 46.3% 9.1% Business media and corporate services in China · China — revenue of $34m
17 EDUC EDUCATIONAL DEVELOPMENT CORP
United States · score 4.9
0% 0.0 bn 0.0 bn 8.6% 0.0 bn 2.0% — Children's book publishing and sales, since 1965 · Oklahoma — revenue of $20m
18 TNMG TNL Mediagene
Japan · score 0.3
— — 0.1 bn -99.0% -0.0 bn — — Multilingual digital media and AI-powered advertising in Asia · Japan — revenue of $45m

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What this is. A catalogue, not a guide. Every industry with stocks listed on the NYSE or NASDAQ, the companies contending for its leadership, what each one does according to its own annual report, and the balance sheet it filed with the SEC.

The score runs from 0 to 10 and compares each company with every other one in the almanac on cash generation, profitability, debt, dividends and consistency over the last five years. The higher it is, the better the company fares in that comparison. Curious how much each part weighs? Ask at the bottom of the page.

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