WASHINGTON, D.C. – The local commercial broadcast television and radio industry contributes $1.24 trillion of Gross Domestic Product (GDP) and 2.65 million jobs to the American economy annually, found 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.

WASHINGTON, D.C. – In response to the introduction of legislation today to increase the rates that songwriters are paid when their music is played on local radio stations and other platforms, the following statement can be attributed to NAB Executive Vice President of Communications Dennis Wharton:

WASHINGTON, D.C. -- In response to today's release of a tax reform discussion draft by House Ways and Means Committee Chairman Rep. Dave Camp that includes a proposal to alter the current law that permits businesses to fully deduct their full cost of advertising in the year it is incurred, the following statement can be attributed to NAB Executive Vice President of Communications Dennis Wharton: