Local TV May See Economic Recovery in 2010

By Andrew Gauthier 

Los Angeles Times

After a stormy two years, the clouds may finally start to lift a little in the local television station business next year.

According to industry research firm SNL Kagan, revenue for television stations, most of which is from commercials, will grow 5.2% to $18.5 billion in 2010, thanks in part to political advertising and the Olympics.

That’s good news for an industry that is struggling big time. This year, Kagan projects revenue for local stations to be $17.6 billion, which is a drop of 17% from 2008’s $21.7-billion figure. More…