News anchors make a lot of money. How much does a news anchor make? It depends on the market, the experience, and the station.
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News Anchor Salaries by Network
News anchors’ salaries can range from $40,000 a year to several million dollars annually. The highest-paid news anchors are at networks such as Fox News, MSNBC, and CNN. Salaries also depend on the specific position and responsibilities of the news anchor. Here is a breakdown of news anchor salaries by network.
Fox News is a United States cable and satellite news channel. As of February 2015, Fox News is available in more than 97 million homes in the U.S. and further to viewers internationally, broadcasting primarily from its New York City studios.
News anchor salaries at Fox News range from $500,000 to $1 million per year, with the median salary coming in at $700,000. The top earners at the network include Megyn Kelly, who brings in $6 million per year, and Sean Hannity, who earned $29 million in 2016.
CNN news anchors earn an average salary of $64,000 per year, according to Indeed Salaries. The highest-paid news anchor at CNN is Anderson Cooper, who earns $12 million per year.
MSNBC is a news network that is owned by NBC Universal. MSNBC anchors make an average salary of $61,931.
The average salary for an ABC news anchor is $200,000, according to a 2019 report from Glassdoor. This figure includes both local and national news anchors. News anchors at the network make slightly less than their counterparts at CBS, who earn an average salary of $225,000.
CBS News anchors earn a base salary of $150,000 per year, with some earning significantly more. Scott Pelley, for example, earned $5 million per year as the anchor of CBS Evening News.
News Anchor Salaries by Region
The typical news anchor salary in the United States is around $75,000 per year. However, news anchor salaries can vary greatly based on factors such as experience, employer, and location. For example, news anchors in New York City tend to make more than news anchors in other parts of the country.
News anchors in the Northeast earn a median salary of $58,810, according to the Bureau of Labor Statistics. The lowest 10 percent of earners make less than $33,470, and the highest 10 percent earn more than $95,390.
The average salary for a news anchor in the Midwest region is $46,000 per year. This number can vary depending on the size of the market and the experience of the anchor.
In the South, the average news anchor salary is $43,640, which is lower than the national average of $59,000.
In the West, news anchors earn an average salary of $41,508. The top 10% of earners make more than $80,000, while the bottom 10% make less than $20,000.
News Anchor Salaries by Experience
The average salary for a news anchor is $83,300 per year. News anchors with less than 1 year of experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $38,700.
The average salary for an entry-level news anchor is $30,000 per year. News anchors with 1-5 years of experience typically earn between $30,000 and $50,000 per year, while those with 5-10 years of experience can expect to earn between $50,000 and $70,000 per year.
News anchors with five to 10 years of experience can expect to earn an average of $55,000 per year. Experienced anchors with 10 to 20 years of experience can expect to earn an average of $75,000 per year. News anchors with more than 20 years of experience can expect to earn an average of $100,000 per year.
A news anchor’s salary depends on several factors, including their experience, the size of the market they work in, and the specific station or network they work for.
In general, senior-level news anchors who have been in the business for many years can expect to earn salaries in the six-figure range. News anchors working in smaller markets may earn salaries in the mid to high five-figure range, while those working in larger markets may earn salaries in excess of $1 million per year.
The specific station or network a news anchor works for also has an impact on their salary. For example, news anchors working for network affiliates in large markets may earn significantly more than those working for independent stations in smaller markets. Additionally, news anchors who work for cable news networks tend to earn more than those working for broadcast networks.
How to Negotiate a Higher Salary as a News Anchor
If you’re hoping to score a job as a news anchor, it’s important to know how to negotiate a higher salary. While the average news anchor salary is $38,647, the top 10% of earners bring in $96,540 or more per year. News anchors in the top 10% of earners typically have several years of experience under their belts. So, if you’re looking to negotiate a higher salary, be sure to emphasize your experience in your negotiations.
Do your research
No matter what career field you’re in, it’s always important to know your worth. This is especially true when it comes to negotiating a higher salary. If you don’t know how much money you should be earning, you could end up leaving a lot of money on the table.
When it comes to news anchors, there is a wide range in salaries. The specific amount of money an anchor makes depends on a number of factors, including their experience, the size of the market they work in, and the specific news station they work for.
To get an idea of how much money you should be earning as a news anchor, it’s important to do your research. Try to find out how much anchors in your market are making. You can also look up the salaries of anchors working in similar markets. This will give you a good starting point when it comes to negotiating your own salary.
In addition to researching salaries, it’s also important to be prepared to negotiate. If you go into a negotiation without knowing what you want or without having a plan, you’re not likely to get very far. Before start negotiating, make sure you have a clear idea of what salary you want and what you’re willing to accept.
Know your worth
Before you can negotiate a higher salary, you need to know what you’re worth. Start by researching salaries for news anchors in your market. You can find this information online or by contacting your local news station. Once you have an idea of the going rate, you can start negotiating a higher salary.
If you’re already employed as a news anchor, another way to determine your worth is to ask for a raise. This can be done by requesting a meeting with your boss and presenting your case. Be sure to have supporting evidence, such as your research on salaries in the industry, to back up your request. If your boss isn’t receptive to the idea of giving you a raise, then it may be time to start looking for another job that will pay you what you’re worth.
Be prepared to walk away
It’s important to be prepared to walk away from the negotiation table if you don’t get the salary you want. You should have a number in mind that you are not willing to go below. If the employer doesn’t meet your salary demands, be prepared to politely decline the offer and look for another job.