Media and Publishing Payment Practices Dip Marginally: 69.2 to 68.5

The Comparison

Here's a snapshot comparing payment performance in the media and publishing sector:

• 2020: Analysing 39 companies, the sector averaged a score of 69.2 out of 100 for payment practices.
• 2021: With a slightly smaller sample size of 36 companies, the average score registered at 68.5 out of 100.

What This Means

While the sector maintained a similar level of performance, the data reveals a minor, but noticeable, decline in payment practices between 2020 and 2021. The 0.7-point decrease, while seemingly small, suggests a potential tightening of payment terms or a slight increase in delayed payments affecting businesses in the sector. Businesses experiencing late payments can use a late payment calculator to assess the financial impact and potential remedies.

One-line summary: The media and publishing sector saw a fractional dip in payment performance, from 69.2 in 2020 to 68.5 in 2021.