While the news industry is going through a difficult period, some media organisations are thriving. Others are doing their best to weather the storm. Here is our selection of companies to watch.
FOUNDED: 2019
HEADQUARTERS: NEW YORK (US)
EMPLOYEES: 10,500
REVENUE 2026: $17.13 BN
STOCK EXCHANGE: → FOXA
"Donald Trump’s favourite channel." This is how the 24-hour news channel Fox News is often described, even though in recent years the US President seems to have turned away from it in favour of even more conservative stations such as One America News Network. Behind Fox News lies the Fox Corporation, whose Fox News Media division operates a wide range of media outlets (Fox News Channel, Fox Business Network, Fox News Digital, Fox News Podcasts, Fox News Audio, Fox News Books, etc.).
And the company refuses to be confined to the world of traditional media. In April 2020, for example, Fox acquired Tubi, a company specialising in the streaming of audiovisual content, for $440 million. In June 2026, Fox also announced the acquisition of Roku, a pioneer in television streaming, for $22 billion. The deal is expected to be finalised in the first half of 2027. At stake are the 100 million households worldwide connected to Roku, its proprietary data and a strengthened presence in the connected TV advertising market. According to Fox, the combined Fox-Roku entity would eventually become the third-largest player in American television in terms of audience share. This digital push is underpinned by a solid business: Fox once again exceeded Wall Street’s expectations in its latest quarter, driven in particular by growth at Tubi and its news and live sports operations. Over the past year, Fox Corporation’s share price has risen by more than 15%, and the consensus among analysts remains broadly favourable.
FOUNDED: 2013
HEADQUARTERS: NEW YORK (US)
EMPLOYEES: 21,700
REVENUE 2026: $9.03 BN
STOCK EXCHANGE: → NWSA
The era of deals between artificial intelligence platforms and media players is well and truly underway. In March 2026, the Meta group signed an agreement with News Corp to use the media group’s journalistic content to train its AI models, as well as to inform the responses provided to users of its artificial intelligence services. News Corp, which owns prestigious publications such as The Wall Street Journal, Barron’s, MarketWatch, Financial News, New York Post, The Times and The Sun, will receive up to $50 million a year under this agreement.
FOUNDED: 1998
HEADQUARTERS: BOCA RATON (US)
EMPLOYEES: 500
REVENUE 2025: $189.3 M
STOCK EXCHANGE: → NMAX
Too fast, too high. Like Icarus, the Newsmax media group flew too close to the sun. Having gone public at $10 per share on 31 March 2025, the share price quickly soared into the stratosphere, trading as high as $265 during the session on 1 April – more than 26 times its IPO price. At its peak, Newsmax’s market capitalisation even briefly surpassed that of the long-established news giant Fox Corporation. Not bad for a media group founded in 1998. Alas, nearly a year and a half after this sensational debut, Newsmax has nevertheless come crashing back down to earth, with its share price trading around the $10 mark in mid-August.
This stock market frenzy, however, owes less to Newsmax’s fundamentals than to market dynamics. The IPO involved just 7.5 million shares – barely 6% of the company’s outstanding shares – creating an extremely limited free float amid a flood of buyers, attracted in particular by the channel’s close ties to US President Donald Trump. This close relationship is nothing new. Launched in 2014, the Newsmax television channel adopted an ultra-conservative, niche editorial stance. Like its competitors One America News Network (OAN) and Real America’s Voice, Newsmax TV aligned itself with Donald Trump’s supporters following the November 2020 presidential election, refusing for several weeks to acknowledge Joe Biden’s victory and amplifying the theories of electoral fraud put forward by the president and his allies. This strategy led to a spectacular surge in viewership: according to Nielsen, its evening audience rose from around 58,000 viewers before the election to 568,000 the following week. Donald Trump, who was at the time openly criticising Fox News, simultaneously promoted Newsmax and granted it several interviews, helping to boost its profile.
Before venturing into television, Newsmax had already established itself across several platforms, notably the Newsmax.com website and the monthly print publication Newsmax magazine. Despite this, the channel’s viewing figures remain well below those of the US cable-news giants such as Fox News, MS NOW (formerly MSNBC) and CNN. Its profitability also remains fragile. In 2025, Newsmax reported a loss of $99.5 million on revenue of $189.3 million, a loss largely attributable to a $79 million legal settlement. Nevertheless, the situation has since improved: in the second quarter of 2026, the group posted a net profit of $2.9 million. The two analysts tracked by Barron’s recommend buying the share, with an average target price of $18.50.
FOUNDED: 1993
HEADQUARTERS: LONDON (UK)
EMPLOYEES: 37,000
REVENUE 2025: £9.59 BN
STOCK EXCHANGE: → REL
Alongside German publisher Springer Nature, British group Relx (known as Reed Elsevier until 2015) is the other giant in scientific publishing. The company publishes renowned journals such as The Lancet and Cell. However, scientific and medical information accounted for only 28% of the company’s revenue in 2025; it is also active in the fields of legal information (19%) and risk analysis (36%), as well as in event organisation (12%) such as Mipcom in Cannes, the world’s largest gathering of professionals from the television, streaming and audiovisual content sectors.
While these activities initially appeared to be under threat from artificial intelligence, opinions have since changed. Goldman Sachs, which began covering the company in early June 2026 with a ‘buy’ recommendation, considered that Relx had been wrongly classified as one of the losers of AI. This is because the company has launched several AI-related tools, such as Lexis+ AI, a chatbot for legal professionals. It has also virtually abandoned print, which now accounts for just 3.2% of its revenue in the first half of 2026, compared with 64% in 2000 and 25% in 2010.
And the results reflect this. Over the first six months of 2026, revenue rose by 7% on an underlying basis, while adjusted operating profit increased by 9%. Analysts’ consensus remains ‘buy’ on Relx shares, which had fallen by around 30% over the past year by mid-August.
FOUNDED: 1954
HEADQUARTERS: ROESELARE (BE)
EMPLOYEES: 1,200
REVENUE 2025: €301.5 M
STOCK EXCHANGE: → ROU
While Roularta Media Group (RMG) may not be very well known in Switzerland, in Belgium it is something of an institution, much like Tamedia (TX Group) is in its home market. Founded in 1954, Roularta has established itself as the market leader in Belgium’s magazine sector and as the largest independent magazine publisher in the Netherlands, with titles such as the weekly Le Vif. The group also holds a 50% stake in Mediafin, the publisher of the daily newspaper L’Echo and the weekly L’Investisseur. In total, Roularta owns more than 30 magazines and their associated websites.
Unfortunately, like the print media sector as a whole, the company is experiencing a decline in print sales and eroding advertising revenue. In 2025, Roularta recorded revenue of €301.5 million, down 5.9% compared with 2024. The contraction stemmed mainly from the advertising market, which fell 9.9% year-on-year, with a marked decline for free press in Belgium. Against this challenging backdrop, Roularta sold its last German magazines (G/Geschichte, Plus Magazin and Frau im Leben) in November 2024 to focus on Belgium and the Netherlands. In 2015, the company had already withdrawn from the French market by selling its Paris-based division, which included titles such as L’Express and Mieux Vivre Votre Argent.
"We have projects in the pipeline for the next five years, focused entirely on defending our position in the readers’ and advertisers’ markets. Growth may follow afterwards, but first, we must navigate a steep investment curve that will inevitably impact our profits. This demands perseverance – and patience is something the stock market tends to lack," said CEO Xavier Bouckaert in 2025 on the company’s website. Over the past year, the share had lost 13% of its value as of mid-August. No analysts are currently covering the stock.
FOUNDED: 2015
HEADQUARTERS: BERLIN (DE)
EMPLOYEES: 10,000
REVENUE 2025: €1.9 BN
STOCK EXCHANGE: → SPG
For a researcher, one of the most prestigious achievements is to have their work published in the renowned scientific journal Nature. First published in 1869, Nature remains the benchmark in the scientific world to this day. This highly regarded brand belongs to the German group Springer Nature. Created in 2015 through the merger of the educational and scientific activities of Macmillan and Springer, this company is one of the world’s leading publishers in the fields of research, health and education, with over 3,000 specialist journals worldwide, notably under Nature Portfolio and BMC (BioMed Central), as well as 539,000 scientific articles published in 2025.
Listed on the Frankfurt Stock Exchange in 2024, the company’s share price has fallen by around 16% since trading began (as of mid-August). This has not deterred analysts, most of whom recommend buying the share. The company could benefit from the boom in artificial intelligence, applied to its vast archives. Springer Nature already markets Nature Navigator, an AI tool that analyses scientific literature and identifies key trends. The group is also developing a series of new AI tools designed to facilitate researchers’ work, including Nature Research Assistant, which is still in the beta phase. For the first half of 2026, the company reported revenue of €939.8 million (up 6.2% on an underlying basis) and net profit of €101.3 million. The company has also raised its annual growth forecasts.
FOUNDED: 1851
HEADQUARTERS: NEW YORK (US)
EMPLOYEES: 6,000
REVENUE 2025: $2.82 BN
STOCK EXCHANGE: → NYT
This will go down as Warren Buffett’s final stock-market move. Just before the ‘Oracle of Omaha’ stepped down on 31 December 2025, his company Berkshire Hathaway invested $350 million in The New York Times. A surprising move when one recalls that Warren Buffett had decided against buying The Washington Post when it was sold to Jeff Bezos in 2013 and that, as early as 2019, he considered most newspapers to be ‘doomed’. But he had already singled out The New York Times as one of the few exceptions. Bucking the trend in the industry, the Big Apple’s daily newspaper is in excellent shape. Buoyed by the success of its digital subscriptions and an expanded offering covering games, sport, cooking and recommendations, the group had 13.35 million subscribers in the second quarter of 2026.
In the second-quarter of 2026, subscription revenue (digital and print) rose by 11.7% year-on-year, while advertising revenue grew by 11.3%. In total, the company’s revenue jumped by 11.2% in the second quarter of 2026, to $762 million. These strong results reflect the extraordinary reputation of The New York Times, considered one of the – if not the – global benchmarks. The group is also accelerating its expansion into video journalism. Above all, its business model is now based on subscriptions rather than advertising. Readers no longer pay just for articles, but for a subscription package that also provides access to games, cookery and sports – a strategy that helps drive customer retention. The group also has pricing flexibility, gradually transitioning some subscribers from promotional offers to higher- priced plans.
In addition to the flagship daily newspaper The New York Times, its international edition The New York Times International Edition and associated websites (including NYTimes.com), the company also owns other media assets such as the podcast production studio Serial Productions and the sports news website The Athletic.
Faced with the threat of artificial intelligence, The New York Times Company has chosen to fight back. Since 2023, the group has been taking legal action against OpenAI and Microsoft, accusing them of having stolen millions of its articles to train ChatGPT and Copilot. At the same time, the newspaper signed a multi-year agreement, the value of which has not been disclosed, with Amazon in June 2025. In the past year, The New York Times’ share price had risen nearly 10% by mid-August, and the majority of analysts recommend buying the stock.
FOUNDED: 2008
HEADQUARTERS: TORONTO (CA)
EMPLOYEES: 27,100
REVENUE 2025: $7.476 BN
STOCK EXCHANGE: → TRI
With over 27,000 employees, including 2,600 journalists, and $7.5 billion in revenue, the Thomson Reuters Group is now one of the world’s leading information giants. It is a benchmark for financial news alongside Bloomberg. This reputation as an indispensable resource for the business community dates back to the very origins of the company in the 1850s. At that time, Paul Julius Reuter, an immigrant of German origin, arrived in the United Kingdom. His aim was to transmit stock market prices and news as quickly as possible between London and Paris. To this end, the fledgling agency, which initially used a fleet of 200 carrier pigeons, benefited from a technological breakthrough: the telegraph.
In November 1851, the first undersea cable linking England to the continent, between Calais and Dover, was opened to the public. The Reuters agency thus pioneered the exchange of stock market prices between London and Paris. The success was phenomenal, and the agency earned a glowing reputation for delivering exclusive news swiftly.
The history of Reuters is marked by a string of scoops. For example, the agency was the first in Europe to report the assassination of US President Abraham Lincoln in 1865. While Reuters’ success was inextricably connected to the development of transcontinental telegraph links, which enabled it to disseminate news from around the world rapidly, it subsequently adapted, throughout the 20th century, to the advent of new technologies. In the 1960s, it was one of the first agencies to transmit financial information via computer and went on to establish itself as the leader of online news in the late 1990s.
In 2008, Reuters merged with the Canadian software provider Thomson Corporation. And today, the new group, known as Thomson Reuters, is facing a new upheaval: artificial intelligence. Like many software publishers, the company has since been under pressure on the markets. Over the past year, Thomson Reuters’ share price has fallen 40%, but most analysts recommend buying the stock as the group’s proprietary content and data could retain significant value in the age of AI. The company could even stand to benefit from this. Since the merger with Thomson – already at the time one of the leaders in professional and enterprise software publishing – the group has been stepping up its efforts in this area by developing AI-powered products. In the second quarter, revenue stood at $1.95 billion, up 9% from the $1.8 billion recorded in the second quarter of 2025.
FOUNDED: 1893
HEADQUARTERS: ZURICH (CH)
EMPLOYEES: 3,000
REVENUE 2025: CHF 873.1 M
STOCK EXCHANGE: → TXGN
A Swiss institution. Founded in 1893 with the launch of Tages-Anzeiger, TX Group (known as Tamedia until 2020) has established itself as Switzerland’s largest privately- owned media group. The company’s portfolio includes numerous prestigious newspapers such as Finanz und Wirtschaft, Basler Zeitung, Tribune de Genève, 24 heures and Bilan, as well as the Sunday newspapers SonntagsZeitung and Le Matin Dimanche. However, the erosion of print sales and the decline in advertising revenue have put the company’s business model under pressure for several years. In 2025, TX Group’s revenue fell 7.3% compared with 2024, having already declined by 4.2% the previous year.
Outside journalism, the company has successfully diversified in recent years through advertising agency Goldbach – which now focuses on out-ofhome advertising, as well as the sale of advertising on television, radio and online – and through its stake in the job platform Job- Cloud and its majority stakes in Doodle and Zattoo.
Furthermore, TX Group remains the main shareholder in SMG Swiss Marketplace Group – owner of the platforms ImmoScout24, AutoScout24, Homegate, Ricardo and tutti. ch – holding a 31.14% stake in the company, which was listed on the SIX Swiss Exchange on 19 September 2025.
The result: while the company’s revenue continues to decline, its operating profitability has improved. Operating profit before interest and tax more than doubled (+103.8%), to 38.8 million Swiss francs. The corresponding margin improved, rising from 2.0% to 4.4% within a year. This is the result of “strict cost management”, according to the group, notably characterised by the closure of the Bussigny printing site in March 2025 and the discontinuation of the print edition of 20 Minuten at the end of 2025. Over the past year, the group’s share price has fallen by 30%. The share is covered by only a handful of analysts, whose recommendations are split between ‘hold’ and ‘buy’.
FOUNDED: 1906
HEADQUARTERS: NEW YORK (US)
EMPLOYEES: 9,500
REVENUE 2025: $2.3 BN
STOCK EXCHANGE: → TDAY
As the leading newspaper publisher in the United States, the American company USA Today Co. (known as Gannett until November 2025) owns numerous prestigious titles, such as the national daily USA Today, as well as regional dailies such as the Detroit Free Press, The Indianapolis Star and The Cincinnati Enquirer. In total, the company published nearly 300 print newspapers in 2025. The problem is that sales of this format are declining. For instance, as the fourth-largest daily newspaper in the United States, with a circulation of 89,200 copies, USA Today saw its circulation fall by 13.8% in 2025 compared with 2024. The group’s other titles are following the same downward trend, such as The Arizona Republic (-19%) and the Milwaukee Journal Sentinel (-14.8%). To offset this decline, USA Today Co. can rely on traffic to its websites, which attracted an average of over 180 million unique visitors per month in 2025. However, while digital now accounts for 46% of the company’s revenue, this segment nevertheless fell by 4.3% last year. Consequently, in 2025, USA Today Co. reported revenue of $2.30 billion, compared with $2.51 billion a year earlier (-8%) and $2.66 billion in 2023. Faced with this gradual erosion, the company needs to find additional sources of revenue.
In December 2025, it signed a multi-year agreement with Meta. Mark Zuckerberg’s company can now use journalistic content from USA Today Co. to power Meta AI’s responses to its users’ news-related queries. This has proved attractive to investors: by mid-August, USA Today’s share price had risen by 69% over the past year. While analysts are divided on the way forward, a majority recommend buying the stock.