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News Reporters. The salaries of news reporters are lower than those of news anchors and vary widely. In January 2016, PayScale.com reported that news reporters earned between $24,034 and $71,721 a year. According to the BLS, the average annual salary of a reporter or correspondent was $44,360 a year in May 2013.
In a small DMA, an entry-level morning or weekend news anchor at an affiliate station may not earn much more than a typical reporter, possibly $25,000 to $30,000. On the other end of the scale, a major market anchor with decades of experience can make $250,000 and up. Network news anchors earn in the millions.