News Anchor Salary
In a profession for which the median take-home is approximately $57K, just under nine-tenths of overall earnings for News Anchors arrives through commissions. The most important factor affecting compensation for this group is geographic location, followed by the specific employer and experience level. Medical benefits are awarded to most, and the larger part earn dental coverage. Men are slightly outnumbered by their female counterparts who answered the questionnaire, who make up a slight majority at 53 percent. Work is enjoyable for News Anchors, who typically claim high levels of job satisfaction.
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.
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Popular Employer Salaries for News Anchor
CBS Corporation, Sinclair Broadcast Group, Inc, Nexstar Broadcasting Group, Inc., Tribune Co, and Abc Corp. are all popular places to work. The biggest paychecks can be found at Sinclair Broadcast Group, Inc — the median salary there is $80K. Other big spenders include CBS Corporation, Raycom Media, Inc., and Tribune Co, top-paying firms where News Anchors see paychecks nearing $68K, $65K, or $55K.
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, $44K, and $55K respectively.
Pay by Experience Level for News Anchor
Median of all compensation (including tips, bonus, and overtime) by years of experience.
For many News Anchors, experience and pay levels seem to be correlated; more years in the business generally lead to more money. Salaries of relatively inexperienced workers fall in the neighborhood of $44K, but folks who have racked up five to 10 years see a notably higher median of $57K. News Anchors see a median salary of $69K after reaching one to two decades on the job. People who have worked for more than 20 years report a median income of $75K, which is barely higher than the median for folks with 10 to 20 years of experience.
Pay Difference by Location
Geographically speaking, the highest compensation can be found in Chicago, New York, and Los Angeles — the three largest cities in the United States. Location significantly influences compensation, with Milwaukee News Anchors earning much less — 39 percent less — than the national average. Pittsburgh and Phoenix are a couple other places where companies are known to pay below the median — salaries are 9 percent lower and 3 percent lower, respectively.
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