Study Finds Local Broadcasting Generates $1.17 Trillion in Annual GDP

WASHINGTON, D.C. -- A new analysis by Woods & Poole Economics, with support from BIA/Kelsey, has found $1.17 trillion of the annual U.S. Gross Domestic Product (GDP) originates in the local commercial broadcast radio and television industry, with 2.52 million jobs attributable to the industry every year. The NAB-commissioned study, which breaks down local broadcasters' economic impact on all 50 states and the District of Columbia, shows TV and radio broadcasting contributes to seven percent of the nation's GDP.