News Anchor Salary
Annual compensation for News Anchors is typically heavily supplemented by bonuses and commissions and totals around $57K (including $63K from bonuses and commissions). This group's pay is mainly influenced by geography, followed by the specific employer and experience level. Most enjoy medical while more than half get dental coverage. Vision coverage is also available to half. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 56 percent. The majority of workers are highly satisfied with their job. The data in this summary comes from the PayScale salary survey.
|Salary||$33,050 - $123,717|
|Bonus||$750 - $29,277|
|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).)
|$30,881 - $122,722|
|Hourly Rate||$10.02 - $30.41|
|Overtime||$12.16 - $52.08|
|Bonus||$750 - $29,277|
|Total Pay (||$30,881 - $122,722|
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
Though not the most common occurrence, News Anchors sometimes become Evening Anchors, where the average income is $71K per year. News Anchors most often move into Morning Anchor or Radio Show Host roles. However, the former pays $5K less on average, and the latter pays $16K less.
News Anchor Job Listings
Popular Employer Salaries for News Anchor
Known for taking on a considerable number of News Anchors, CBS Corporation, Sinclair Broadcast Group, Inc, Tribune Co, Nexstar Broadcasting Group, Inc., and Abc Corp. are leading firms in the industry. Sinclair Broadcast Group, Inc offers the highest compensation with a median salary of $72K. Other employers shelling out big bucks include CBS Corporation, Raycom Media, Inc., and Tribune Co, where News Anchors typically earn around $68K, $65K, or $55K, respectively.
Workers at Abc Corp., Nexstar Broadcasting Group, Inc., and Tribune Co also face smaller salaries than the rest of the field — average earnings for these employers come to $27K, $32K, and $55K respectively.
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
News Anchors in search of higher pay head to America's three biggest cities. Perhaps not surprisingly, New York, Chicago, and Los Angeles all offer salaries above the national rate. News Anchors' salaries are heavily influenced by location — News Anchors in Columbia bring in salaries that are 30 percent lower than the national average. Phoenix and St. Louis are a couple other places where companies are known to pay below the median — salaries are 13 percent lower and 4 percent lower, respectively.
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Key Stats for News Anchor
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