Surprise! Media Industry to Outpace the U.S. Economy
Here’s a piece of news that might surprise many media folks. According to a report created by private equity firm Veronis Suhler Stevenson, spending on media and communications will outgrow the expected average economic growth of the U.S.
The report projects that the media industry will grow by 6.1 percent from 2009 to 2014, while the U.S. GDP average annual growth rate will likely be around 5.8 percent over the time period. This year’s rate is already on target to show solid results, with 3.5
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