An anchor personality is also referred to as newscaster. He is responsible for delivering news to a local, regional or national broadcast audience on radio or TV. TV anchors earn more than radio anchors. TV anchors are also divided into two categories, the sports anchor and the news anchor.
General Wage Statistics:
According to the United States Bureau of Labor Statistics, the median wage for a TV anchor is $16.76 per hour, $34,860.80 annually. The bottom tenth percentile earn $9.62 hourly, $20,009.60 annually. The upper tenth percentile earn $36.26 per hour, $75,420.80 annually. The hourly mean wage for TV anchors is $20.98, $43,638.40 annually.
News Anchors Versus Sports Anchors:
According to a report conducted by the Radio Television Digital News Association, news anchors generally earn more than sports anchors. The 2010 report revealed the average news anchor earned $75,100 annually. The average sports anchor earned $61,600 annually. The average radio news anchor earned $33,500 annually. The average radio sports anchor earned $33,300 annually.
A TV anchor's wages dependent upon her geographical location. According to the U.S. Department of Labor, the highest paying state for TV anchors is the District of Columbia, paying an hourly mean wage of $34.35, $71,450 annually. The second-highest paying state is Massachussets, paying an annual mean wage of $64,080. Ranking in third through fifth place, as the highest paying states, are Georgia, New York and Rhode Island. The five lowest paying states for TV anchors, in order of rank, are Nebraska, South Dakota, Idaho, Montana and North Dakota. The hourly mean wage for these states range from $11.98 per hour to $13.22 per hour.
Several factors determine the annual wage for TV anchors. The more experience and education he has, the more he can expect to earn. The market size of the broadcast is also important. The larger the audience, the more the anchor can expect to earn. The popularity of the broadcast, as well as the popularity of the TV anchor, are also considered when determining wages. The more popular he is, the more he will likely earn.
In most cases, a bachelor's degree or higher in mass communications or journalism is required to hold a position as a TV anchor personality. As of May 2011, the U.S. Department of Labor reported 45,270 reporters and correspondents working in the United States. This number is expected to decrease by 6 percent between 2010 to 2020. That's a decrease of 3,200 jobs over 10 years.