News Anchor Salary
For News Anchors, bonuses and commissions account for a significant portion of income and add up to more than double of their $58K yearly pay. Compensation for this group is mainly affected by geographic location, but the company and experience level are influential factors as well. Most workers in this position report high levels of job satisfaction. Women News Anchors who took the survey just slightly outnumber men. Medical benefits are awarded to a large number, and more than half earn dental coverage. The data for this snapshot was collected from individuals who took PayScale's salary survey.
|Salary||$32,720 - $123,931|
|Bonus||$814 - $25,760|
|Total Pay (|
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).)
|$30,642 - $122,955|
|Hourly Rate||$9.90 - $30.13|
|Overtime||$13.24 - $60.25|
|Bonus||$814 - $25,760|
|Total Pay (||$30,642 - $122,955|
Job Description for News Anchor
News anchors generally are responsible for presenting local, national and/or world news to the public. They generally work in a studio to produce TV or radio news programs, although they sometimes report or anchor programs from the scene of the broadcast's subject. The news anchor often reads compiled news stories from a teleprompter, as well as conducts on-air interviews with the subjects of news, experts and reporter colleagues as needed. They also react to breaking news as it emerges, presenting information to the viewing or listening public as it becomes available. Additionally, news anchors help make editorial decisions about which stories to air and how they should be presented. The anchor may also report stories themselves, performing such tasks as conducting interviews, obtaining video and audio to use in broadcast, researching relevant information, and using computer software to edit audio and/or video gathered through the course of reporting.Read More...
Most organizations require at least a bachelor’s degree in broadcast journalism or a related field for news anchor positions. Previous journalism experience, often as a television or radio news reporter, is generally needed as well. News anchors must have a clear speaking voice and be able to read news smoothly off of a teleprompter, computer or paper. Additionally, anchors should be knowledgeable about current events and news relevant to their employer's area of coverage; in cases where the anchor also reports, they must have excellent reporting skills and the ability to use any necessary video and/or audio editing equipment.
News Anchor Tasks
- Present both live and pre-recorded daily news stories in a professional manner on television.
- Send timely updates via social media to engage the viewing audience and keep them informed.
- Venture into the field to cover live events and unfolding stories as they happen.
- Cover breaking news stories in real time and follow along with updates.
- Research and develop news stories from the idea stages to a written script.
Common Career Paths for News Anchor
Popular Employer Salaries for News Anchor
CBS Corporation, Sinclair Broadcast Group, Inc, Tribune Co, Nexstar Broadcasting Group, Inc., and Abc Corp. are among the top companies that take on many News Anchors. Sinclair Broadcast Group, Inc offers the highest compensation with a median salary of $72K. News Anchors can also look forward to large paychecks at CBS Corporation ($68K), Raycom Media, Inc. ($65K), and Tribune Co ($55K).
Workers also receive paychecks lighter than average at Abc Corp. ($27K), Nexstar Broadcasting Group, Inc. ($32K), and Tribune Co ($55K).
Pay by Experience Level for News Anchor
Pay by Experience for a News Anchor has a positive trend. An entry-level News Anchor with less than 5 years of experience can expect to earn an average total compensation of $46,000 based on 326 salaries provided by anonymous users. Average total compensation includes tips, bonus, and overtime pay. A News Anchor with mid-career experience which includes employees with 5 to 10 years of experience can expect to earn an average total compensation of $57,000 based on 383 salaries. An experienced News Anchor which includes employees with 10 to 20 years of experience can expect to earn an average total compensation of $71,000 based on 388 salaries. A News Anchor with late-career experience which includes employees with greater than 20 years of experience can expect to earn an average total compensation of $74,000 based on 139 salaries.
Pay Difference by Location
Folks in search of above-average pay will head to one of the three largest American cities: New York, Chicago, and Los Angeles boast higher pay rates than the national average for this field. News Anchors in Columbia make 31 percent less than the national average, proving that location is a major factor in pay. Below-median salaries also turn up in Phoenix and St. Louis (13 percent lower and 5 percent lower, respectively).
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Key Stats for News Anchor
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