With recent advances in deep learning, considerable attention has been given to achieving automatic speech recognition performance close to human performance on tasks like conversational telephone speech (CTS) recognition. In this paper we evaluate the usefulness of these proposed techniques on broadcast news (BN), a similar challenging task. We also perform a set of recognition measurements to understand how close the achieved automatic speech recognition results are to human performance on this task. On two publicly available BN test sets, DEV04F and RT04, our speech recognition system using LSTM and residual network based acoustic models with a combination of n-gram and neural network language models performs at 6.5% and 5.9% word error rate. By achieving new performance milestones on these test sets, our experiments show that techniques developed on other related tasks, like CTS, can be transferred to achieve similar performance. In contrast, the best measured human recognition performance on these test sets is much lower, at 3.6% and 2.8% respectively, indicating that there is still room for new techniques and improvements in this space, to reach human performance levels.