This decline in digital news startups may also be an indication that markets are approaching a saturation point in some places, especially in big cities, where the majority start. It also may be due to the fact that many of the media in the directory started informally, which can make them hard to identify in the first year or two of operation.
The average annual revenue for outlets in Europe was $649,951; the average revenue in North America was $602,821; and in Latin America: $159,825.
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