Post-Election Survey from Stagwell (STGW) Reveals 80% of Americans Say News Media is a Powerful Medium for Reaching Consumers; Distrust in News Media Stems from Poor Separation Between News and Opinion-Based Content

Rhea-AI Summary

Stagwell's post-election survey reveals significant insights about Americans' relationship with news media. While 80% recognize news media as powerful for reaching consumers, trust issues persist. The study, surveying 1,510 U.S. adults, shows that 57% cite misinformation and fake news as key trust concerns. Despite challenges, 71% believe companies should advertise in news media to support journalism.

Local TV (73%), broadcast TV (67%), and newspapers (66%) emerge as the most trusted news sources. To rebuild trust, Americans advocate for enhanced fact-checking (58%), better separation between news and opinion (58%), and balanced perspective (54%). The survey also indicates that 66% of respondents view companies more positively when they advertise in news media.

News Market Reaction – STGW

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On the day this news was published, STGW declined 2.14%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Survey fielded after the U.S. presidential election reveals 57% of U.S. adults say misinformation and "fake news" are key issues impacting trust in news media

Notwithstanding, 71% of Americans believe companies should advertise in news media, viewing it as essential support for journalism

WASHINGTON, Nov. 15, 2024 /PRNewswire/ -- 65% of Americans say advertising in news is important, though trust challenges remain, according to a survey Stagwell (NASDAQ: STGW) released on November 14 as part of its Future of News initiative. The post-election flash poll conducted by Stagwell and its research consultancy HarrisX, which surveyed 1,510 U.S. adults between November 11-12, reveals Americans' perspectives on the media landscape, factors influencing their trust in news media and public support for brand advertising in news.

Key findings from the post-election survey include:

• Trust and Perception: 65% of U.S. adults say it's important for companies to advertise in news, and 66% have a more positive perception of companies that do so.
• Preferred News Sources: Local (73%) and broadcast TV (67%), newspapers (66%), and radio (65%) are the top trusted news sources.
• Misinformation's Role in Breaking Trust: The main issues impacting Americans' trust in news media are misinformation and fake news (57%), poor separation between news and opinion content (46%), and sensationalism and bias (44%).
• CTA for Younger Generations: 56% of Americans say it's important for younger generations to watch the news more than they currently do.
• Factors to Increase Trust in News: To build trust in news media, Americans want more emphasis on fact-checking (58%), clear separation between news and opinion content (58%) and a balanced perspective on all issues (54%).

This study follows Stagwell's U.S. and U.K. News Advertising studies released earlier this year which reveal ads placed adjacent to news topics such as politics, inflation, and crime perform as effectively as those placed next to business, entertainment, and sports stories.

"Americans continue to recognize the importance of news and the importance of advertisers supporting the news industry," said Mark Penn, Chairman and CEO of Stagwell. "But all is not completely rosy as questions about trust, particularly among Republicans, continue to dog the industry."

These findings highlight the continued importance of news media as a platform for brand engagement. Stagwell is committed to initiating data-driven discussions with advertisers about their investment in news. This topic and more were discussed at the Future of News post-election summit in Washington on November 14.

To learn more and get involved, please contact futureofnews@stagwellglobal.com.

About Stagwell
Stagwell (NASDAQ: STGW) is the challenger network built to transform marketing. We deliver scaled creative performance for the world's most ambitious brands, connecting culture-moving creativity with leading-edge technology to harmonize the art and science of marketing. Led by entrepreneurs, our specialists in 34+ countries are unified under a single purpose: to drive effectiveness and improve business results for their clients. Join us at www.stagwellglobal.com.

About HarrisX
HarrisX is a leading global research consultancy that regularly conducts major market research, public policy polling and social science studies and consulting engagements in more than 40 countries around the world. It is a proud member of Stagwell Global (STGW). Learn more at www.harrisx.com.

Contact
Madison Wick
PR@stagwellglobal.com

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SOURCE Stagwell Inc.

FAQ

What percentage of Americans support advertising in news media according to Stagwell's (STGW) 2024 survey?

According to Stagwell's survey, 71% of Americans believe companies should advertise in news media, viewing it as essential support for journalism.

What are the main trust issues in news media identified by Stagwell's (STGW) November 2024 survey?

The survey identified three main trust issues: misinformation and fake news (57%), poor separation between news and opinion content (46%), and sensationalism and bias (44%).

Which news sources are most trusted according to Stagwell's (STGW) post-election survey?

Local TV (73%), broadcast TV (67%), newspapers (66%), and radio (65%) were identified as the top trusted news sources.

What solutions did Americans suggest for improving trust in news media in Stagwell's (STGW) 2024 survey?

Americans suggested three main solutions: more emphasis on fact-checking (58%), clear separation between news and opinion content (58%), and providing a balanced perspective on all issues (54%).