516 - Broadcasting and Content Providers
In today’s fast-paced digital world, content is king. One critical sector fueling this dynamic landscape is covered under NAICS Code 516 — Broadcasting and Content Providers. Whether you tune into your favorite radio station, watch live television, or stream diverse content online, organizations classified under this code play a pivotal role. Understanding NAICS Code 516 can help businesses, investors, and government contractors navigate opportunities within the Information sector.
What is NAICS Code 516?
NAICS Code 516 pertains to the sector of businesses primarily engaged in broadcasting aural (audio) or visual content. This includes traditional radio and television broadcasting, as well as newer content distribution models such as streaming services and digital platforms. Additionally, the code encompasses entities that produce and distribute broadcasting content.
Broadly, NAICS Code 516 defines a subset within the Information Sector, focusing on services that create and transmit content to the public.
Sector Overview: Information
- Sector: Information
- NAICS Code: 516
- Title: Broadcasting and Content Providers
The Information sector is diverse, housing industries related to data, media, telecommunications, and more. Within this sector, Code 516 zeroes in on broadcasting and content production/distribution.
Typical Business Types and Activities under NAICS Code 516
- Radio Broadcasting Stations
- Television Broadcasting Stations
- Content Production Companies — producing programs, shows, news, and other visual or audio content
- Content Distribution Companies — distributing content across platforms, including streaming services and syndication networks
Size Standards for NAICS Code 516 Eligibility
For government contracting and small business considerations, it's important to understand the size standards. The Small Business Administration (SBA) generally defines small businesses using revenue thresholds.
| NAICS Code | Title | Size Standard (Revenue) |
|---|---|---|
| 516 | Broadcasting and Content Providers | $38.5 million average annual revenue (varies slightly depending on subindustry) |
Note: Always verify current size standards via SBA updates, as they can change.
Examples of Businesses under NAICS Code 516
- A local FM/AM radio station broadcasting news and music
- Regional television station airing local programming
- A company producing and distributing podcasts or web series
- A digital streaming platform providing curated audiovisual content
These businesses collectively drive media consumption, information dissemination, and entertainment across millions of consumers.
NAICS Code 516 Details Summary
| Attribute | Detail |
|---|---|
| NAICS Code | 516 |
| Title | Broadcasting and Content Providers |
| Sector | Information |
| Description | Establishments primarily engaged in broadcasting aural or visual content, including radio and television broadcasting, and content production and distribution for broadcast and streaming platforms. |
| Typical Business Types | Radio broadcasting stations, Television broadcasting stations, Content production and distribution companies |
| Size Standard | $38.5 million average annual revenue (approximate) |
Frequently Asked Questions (FAQ)
What businesses are classified under NAICS Code 516?
Businesses that broadcast radio or television programming or produce/distribute content for these platforms are classified here. This includes both traditional broadcasters and streaming content providers.
Can digital streaming companies fall under NAICS Code 516?
Yes. Modern streaming content providers and digital platforms distributing audiovisual content may be classified under this code if their primary activity aligns with broadcasting or content distribution.
What is the relevance of NAICS codes for my broadcasting business?
NAICS codes are essential for identifying your business category for government contracting, statistical analysis, tax purposes, and market research. Using the correct code helps maximize eligibility for contracts and grants.
What size standards determine if a broadcasting company is considered small?
For NAICS Code 516, the SBA currently defines small businesses as those with average annual revenues up to approximately $38.5 million, but this can vary by subindustry and must be verified periodically.
How can I find more information about NAICS Code 516?
Official details can be found on the U.S. Census Bureau and Small Business Administration websites, which provide comprehensive updates and guidelines.
Conclusion
NAICS Code 516 - Broadcasting and Content Providers encompasses a vital segment of the Information sector focused on content creation, broadcasting, and distribution. Whether you're running a radio station, a TV broadcaster, or a content streaming platform, this code covers your business activities and helps define eligibility for government programs and market positioning.
Understanding the scope and details of NAICS Code 516 is crucial for businesses aiming to capitalize on opportunities in the ever-evolving broadcasting and content delivery industry.
Optimize your business classification today by ensuring you use the correct NAICS code — 516 — and unlock potential growth paths in the broadcasting and content domain!
