News Anchor Salary
Annual compensation for News Anchors is typically heavily supplemented by bonuses and commissions and totals around $57K (including $61K from bonuses and commissions). Earnings for this group are mostly affected by the particular firm, followed by geography and tenure. Most enjoy medical while a majority get dental coverage. Vision coverage is also available to approximately half. Women make up a slight majority of News Anchors (53 percent) survey respondents. Most News Anchors report high levels of job satisfaction. The data in this summary comes from the PayScale salary survey.
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 some News Anchors move into positions like Evening Anchor (where the average salary is $71K), this progression is not the norm. A lot of News Anchors advance their careers by becoming Morning Anchors and Radio Show Hosts. However, those positions offer $5K less and $16K less per year on average.
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Popular Employer Salaries for News Anchor
News Anchors flock to CBS Corporation, Sinclair Broadcast Group, Inc, Tribune Co, Nexstar Broadcasting Group, Inc., and Abc Corp., highly regarded companies that employ a generous number of people in this profession. News Anchors seeking a sizable paycheck can earn the most at Sinclair Broadcast Group, Inc, where the average salary comes to $80K. Also paying near the top of the field are CBS Corporation at $68K, Raycom Media, Inc. at $65K, and Tribune Co, where News Anchors annually earn $55K.
Abc Corp., Nexstar Broadcasting Group, Inc. and Tribune Co are three other employers with a reputation for below-average pay, showing salaries around $27K, $32K, and $55K.
Pay by Experience Level for News Anchor
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Experience is an important factor influencing the compensation of News Anchors. Workers in their first five years can expect to earn $45K, but people who have been around for five to 10 years earn a noticeably bigger sum of $57K. The average pay reported by folks with 10 to 20 years of experience is around $67K. News Anchors with more than 20 years of experience report incomes that are only modestly higher; the median for these old hands hovers around $75K.
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. Pittsburgh is the lowest-paying area, 3 percent south of the national average.
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