By Sara Fischer and Alison Snyder | Axios
Local newspapers still heavily rely on obituary placements for revenue, according to data from local obituary and advertising placement firm Adpay, which is owned by Ancestry.com.
Why it matters: Obits, alongside public notice ads, are one of the last remaining consistent revenue streams that local newspapers rely on, although both are being challenged by the digital age.
By the numbers: In total, about $500 million in total annual revenue comes from obituaries, according to Adpay. There are more than a million paid obituaries created annually. For context, the newspaper market in the U.S. brings in roughly $25 billion in advertising and subscriptions combined.
Obituary rates can vary by market. Some newspapers charge obituaries by the number of characters in a piece, while others charge by the number of lines, square inches, or by word count. Others, particularly in smaller markets, price all obituaries at a flat rate, says Deborah Dreyfuss-Tuchman, Director of Business Development at Adpay.