Modern MBA

Case study — Media & entertainment — Original · 8 min read · 5 questions

How much nightcrawlers actually get paid

The thesis

The audience never left the night — the budget did. Cable news draws its two largest blocks after dark, 3.1 million in the evening and 3.0 million late at night, against 1.9 million at midday. But the advertising that pays for local news collapsed: the three biggest national morning shows took $1.1 billion between them in 2017 and $552 million in 2022. Stations cut the overnight crew first, and the incidents kept happening anyway.

So the night got outsourced. Nightcrawlers work 9PM to 4AM, monitor police, fire and highway patrol radio, and sell finished stories to newsrooms that no longer staff those hours. The model is pay-per-use: every station that airs the footage counts as one hit, and a hit pays $100 to $1,000. No retainer, no minimum, nothing for showing up. Which is the point of it — stations get the night covered and carry none of the payroll, overtime or risk. The freelancer absorbs all three and gets a watermark.

So the price has nothing to do with the work. On the night this was filmed the team ran three stories: a hit-and-run, a structure fire, and a double shooting at a hillside overlook. The fire and the hit-and-run have earned $0 to this day. The shooting — the most serious incident of the night — took three hits and $575, because it happened the day after the presidential election and no newsroom had room for it. In seventeen years Zak has had five stories that broke national.

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The statistics

$575What three stories in one night sold for in total
85%Of a shift spent sitting, waiting and listening to radio
5 in 17 yearsStories that broke national in Zak’s career

By the numbers — swipe or use arrows

01The audience is biggest after darkAverage cable news audience by time slot, 2022, in millions. The two largest blocks of the day are the two local stations staff the least.
The audience is biggest after dark — How much nightcrawlers actually get paid0.0M1.0M2.0M3.0M4.0M2.1MMorning6AM–10AM1.9MMidday10AM–4PM3.1MEvening8PM–11PM3.0MLate night11PM–2AMModern MBA
View data
Value
Morning 6AM–10AM2.1M
Midday 10AM–4PM1.9M
Evening 8PM–11PM3.1M
Late night 11PM–2AM3.0M
02The money left anywayCombined annual advertising revenue of the three biggest national morning news shows, in millions. Half of it went in five years.
The money left anyway — How much nightcrawlers actually get paid$0M$200M$400M$600M$800M$1,000M$1,200M$1,072M2015$1,088M2016$1,108M2017$777M2018$816M2019$729M2021$552M2022Modern MBA
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Value
2015$1,072M
2016$1,088M
2017$1,108M
2018$777M
2019$816M
2021$729M
2022$552M
03Every morning show, the same directionAnnual advertising revenue by show, in millions. Today lost 60% of its advertising, Good Morning America 45%, CBS Sunday Morning 43%.
Every morning show, the same direction — How much nightcrawlers actually get paid$0M$200M$400M$600M$504M$205MToday$405M$221MGood Morning America$163M$126MCBS Sunday Morning20152022Modern MBA
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20152022
Today$504M$205M
Good Morning America$405M$221M
CBS Sunday Morning$163M$126M
04The whole market is 1,509 stationsU.S. television stations by network affiliation, 2024, against the number that do regular business with one nightcrawler company.
The whole market is 1,509 stations — How much nightcrawlers actually get paid05001,0001,5002,0001,509All U.S.stations250ABCABC245FoxFox243CBSCBS235NBCNBC111Buy fromKNNModern MBA
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Value
All U.S. stations1,509
ABC250
Fox245
CBS243
NBC235
Buy from KNN111
05The night is mostly waitingHow an overnight shift divides, by Zak's own estimate. Nineteen nights in twenty produce nothing that reaches a broadcast.
The night is mostly waiting — How much nightcrawlers actually get paid0%25%50%75%100%85%Sitting, listeningholding position10%Chasing callsthat die5%Filming andpackagingModern MBA
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Value
Sitting, listening holding position85%
Chasing calls that die10%
Filming and packaging5%
06How many stations actually bought itHits per story — one hit is one station airing the footage. Two of the three stories filmed for this episode were never bought at all.
How many stations actually bought it — How much nightcrawlers actually get paid051015202523Metro bushijacking20Typical storyceiling3Overlookshooting2Typical storyfloor0Structurefire0Hit-and-runModern MBA
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Value
Metro bus hijacking23
Typical story ceiling20
Overlook shooting3
Typical story floor2
Structure fire0
Hit-and-run0
07What the footage sold forDisclosed sale values against the standard range for a single use. The most serious incident of the two nights filmed cleared $575.
What the footage sold for — How much nightcrawlers actually get paid$0$1,000$2,000$3,000$4,000$3,570Ventura firerescue$1,000Single-useceiling$850One storythat sold$575Overlook shooting3 hits$100Single-usefloor$0Structurefire$0Hit-and-runModern MBA
View data
Value
Ventura fire rescue$3,570
Single-use ceiling$1,000
One story that sold$850
Overlook shooting 3 hits$575
Single-use floor$100
Structure fire$0
Hit-and-run$0
01 / 07

First-hand figures and operating detail from Zak Holman and the team at Key News Network, filmed across two overnight shifts in Los Angeles; per-story sale values and hit counts disclosed by KNN; audience, advertising and station counts as presented in the episode

Key takeaways

01

The audience is awake when the cameras are not. Average cable news viewership runs 3.1 million in the evening and 3.0 million late at night against 2.1 million in the morning and 1.9 million at midday — the two biggest blocks of the day are the two that local stations staff the least.

02

What left was the money. The three largest national morning shows booked $1.1 billion in combined advertising in 2017 and $552 million in 2022, a 50% fall in five years. NBC's Today went from $517 million to $205 million, Good Morning America from $369 million to $221 million, and CBS Sunday Morning from $222 million to $126 million.

03

Local stations were hit hardest, and the overnight crew is the first thing a shrinking newsroom cuts. Anchors, reporters and camera operators all sleep, the incidents do not, and a station that wants footage of a 2AM fire has to buy it from someone who was already there.

04

So the night is outsourced. Nightcrawlers work 9PM to 4AM, seven nights a week, monitoring four dedicated radio channels — police, fire, medical and highway patrol — plus team comms, filtering hundreds of nightly 911 calls for the handful that are real. It is cheaper for a station to buy a finished story every morning than to staff the hours that produce it.

05

The job is almost entirely waiting. By Zak's own estimate 85% of a shift is sitting, listening and holding position, 10% is chasing calls that turn out to be nothing, and 5% is actually filming, editing and packaging something a newsroom can air. The team stages under highway bridges to conserve energy rather than cruising.

06

The customer is the newsroom, not the viewer. Stations buy pay-per-use: every time a station airs the footage it counts as one hit, and each hit pays somewhere between $100 and $1,000 depending on the incident, the damage, exclusivity, station demand and where the story sits in the cycle. An average story takes 2 to 20 hits.

07

There are no fixed rates and no rate card. The same footage can be worth something today, more tomorrow, and nothing the day after — the value moves with local, regional and national newsroom priorities, which means the price of a night's work is set by events the nightcrawler has no part in.

08

The night filmed for this episode was a 6 out of 10 by Zak's standards and produced three stories: a hit-and-run, a residential structure fire, and a double shooting at a hillside overlook. Two of the three have earned $0 to this day.

09

The shooting was the serious one and it still barely sold. Two victims, a confirmed homicide investigation, a scene in the hills above the city — and three hits for $575, because it happened the day after the presidential election and every newsroom in the country was on that. Zak's read is that the same story a week earlier would not have been buried.

10

That is the structural risk of the trade: a national story does not compete with a local one, it erases it. An election, a hurricane, a championship run — any of them can flatten the Los Angeles news cycle for days or weeks, and everything filmed in that window is worth a fraction of what it would have been.

11

The upside exists but it is rare. Zak calls the once-in-a-lifetime stories mega-hits — incidents so extraordinary they go national and international, where a single use can reach five figures. In a 17-year career he has had five: the Harry Burkhart arson spree in 2011, the Christopher Dorner manhunt in 2013, the DaVinci fire in 2014, and the arrest of the man who killed Deputy Ryan Clinkunbroomer in 2023.

12

Individual paydays swing accordingly. One of Zak's photographers covered a rescue at the Ventura wildfire and took $3,570 for it. Another story cleared $850. The overlook double shooting, the most serious incident of the two nights filmed, took $575.

13

What is actually being sold is information, not video, which is why accuracy is the real barrier to entry. A newsroom builds its story off the facts a nightcrawler supplies, and misreporting — doctored footage, a misrepresented scene, a confirmation that was never confirmed — gets a company blacklisted. There are only 1,509 television stations in the country and word moves fast.

14

That small market cuts both ways. ABC has 250 affiliates, Fox 245, CBS 243 and NBC 235, and KNN does regular business with 111 stations. A single burned relationship is a measurable share of the addressable market, which is exactly why the trade polices itself.

15

The result is a profession with no minimums and no averages. Zak's photographers earn anywhere from $0 to $15,000 in a month doing the same work for the same hours, and the difference is almost entirely what happened in the world that month. Everyone on the team clears six figures a year and earns a residual every time their footage is bought again.

16

And none of it carries a name. The footage runs on the 6AM local news a few hours after it is shot, watched by millions, credited with a watermark and nothing else — no face, no byline, no voice. The trade is invisible by design, which is part of why the rate has never had to be defended.

Common questions

What is a nightcrawler?

A freelance news photographer who works overnight — roughly 9PM to 4AM — monitoring police, fire, medical and highway patrol radio, driving to breaking incidents, filming them, and selling the finished story to television news stations. They exist because local newsrooms cut their overnight crews as advertising fell, but incidents kept happening at night. The footage you see on the 6AM local news was very often shot by someone whose name never appears.

How do nightcrawlers get paid?

Pay-per-use, not salary. Every time a station airs the footage it counts as one hit, and each hit pays roughly $100 to $1,000 depending on the severity of the incident, the scale of the damage, whether the footage is exclusive, how many stations want it, and what else is happening in the news cycle. An average story takes between 2 and 20 hits. There is no retainer and no minimum — showing up pays nothing.

How much do nightcrawlers actually make?

It ranges from nothing to a very good living, often in the same year. Zak's photographers earn anywhere from $0 to $15,000 in a month, doing the same work for the same hours — the variable is the news cycle rather than the effort. Everyone on the KNN team clears six figures annually and earns a residual commission each time their footage is bought again. Individual sales from the episode: a Ventura wildfire rescue took $3,570, one story $850, and a double shooting $575.

Why did two of the three stories that night earn nothing?

Because a newsroom's threshold is not the same as a serious incident. The structure fire was in a vacant home with nobody inside, so there was no injury and no story. The hit-and-run left the victim with minor injuries, and hit-and-runs are common enough in Los Angeles that they do not clear the bar. Both were complete professional shoots that have earned $0 to date. Archival footage occasionally sells later into an investigative piece, but there is very little money in it.

Why does the news cycle matter so much to the price?

Because a national story does not compete with a local one, it erases it. The double shooting filmed for this episode happened the day after the presidential election, when every newsroom in the country was occupied, and it took three hits for $575 — far less than it would have been worth a week earlier. Hurricanes, elections and championship runs can flatten a local market for days or weeks, and every story shot in that window is devalued regardless of its own merits.

Is the movie Nightcrawler accurate?

Not commercially, and that is the part that matters. The film and the Netflix series portray the trade as gore-chasing opportunism, but stations cannot broadcast graphic footage, so they will not pay for it — there is no upside in filming a body. KNN's own standard is that if there is blood on screen it is snow on a sidewalk. The real constraint is accuracy: what a nightcrawler sells is information, and misreporting gets a company blacklisted.

Why don't news stations just hire overnight crews?

Because the economics do not work. Every night is a gamble, and most nights produce nothing airable, so a station carrying a salaried overnight crew pays for the empty nights too. Outsourcing converts a fixed cost into a variable one — the station buys only the stories it actually uses. The trade is also genuinely specialized: radio codes, dispatch tendencies, neighborhood geography, how to work a scene without obstructing first responders, and how to get in and out fast enough to matter.

What is a mega-hit?

A story so extraordinary that it goes national and international, where a single use can reach five figures. Zak has had five in a seventeen-year career: the Harry Burkhart arson spree in 2011, the Christopher Dorner manhunt in 2013, the DaVinci fire in 2014 — which melted freeway signs and caused over $100 million in damage — and exclusive footage of the arrest of the man who killed Deputy Ryan Clinkunbroomer in 2023. Five in seventeen years is the honest base rate.

How competitive is the market for nightcrawler footage?

Competitive, but not on price. Stations will not risk their production standards on vertical phone video or a stranger's submission, so the competition runs on speed, reliability, accountability and image quality rather than the lowest bid. Exclusivity is the only real pricing power — if nobody else has the incident, the seller sets the terms. KNN's photographers shoot on custom shoulder-mounted rigs built for low light and distance, because roughly 99% of the value is in the visuals.

Discussion

  1. The audience never left the night — the budget did. Cable news draws 3.0 million after dark against 1.9 million at midday, yet the overnight crew was cut first. How does that decision get made, and what does it say about how newsrooms are measured?

  2. National morning shows took $1.1 billion in 2017 and $552 million in 2022. When the money halves, which costs get cut first, and are they the right ones?

  3. Nightcrawlers are paid per use — $100 to $1,000 a hit, no retainer, no minimum. Who is carrying the risk in that arrangement, and what does it buy the station?

  4. The work still needs doing and the incidents keep happening, so the function was outsourced rather than eliminated. Where else have you seen a job disappear from a payroll without disappearing from the world?

  5. You run a local station with a halved budget. Do you rebuild the overnight desk or deepen the freelance model, and what does each choice cost you in five years?

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