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Report shows local broadcasting adds $1.17T to the GDP

Local radio and television broadcasting contributes $1.17 trillion to the GDP and employs some 2.47 million people, a report from Woods & Poole Economics shows. Gordon Smith, CEO of the National Association of Broadcasters, which commissioned the report, says the numbers indicate that local broadcasting "plays a pivotal economic role as well, creating hundreds of thousands of well-paying jobs while helping hometown small businesses reach local consumers through advertising."

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