Local TV-Radio Contributes $1 Trillion To GDP

The local commercial broadcast television and radio industry contributes $1.24 trillion of Gross Domestic Product and 2.65 million jobs to the American economy annually, according to a new study by Woods & Poole Economics with support from BIA/Kelsey. The analysis, which breaks down broadcasters’ influence on the economy of all 50 states and the District of Columbia, concluded that both television and local radio broadcasting’s economic impact will continue to grow in the coming years.