WASHINGTON, D.C. – Free, local broadcast television and radio stations are more than trusted sources of news, emergency updates and community connection. They are a vital infrastructure supporting every corner of American life. According to a new study conducted by Woods & Poole Economics, Inc. with support from BIA Advisory Services, local broadcasting fuels $1.19 trillion in Gross Domestic Product (GDP) and supports 2.46 million jobs nationwide.
At a time when Americans face rising costs and fragmented access to information, broadcasting remains uniquely accessible — available to every household over the air, without subscription fees or broadband requirements.
“No other industry gives more to Americans for free,” said Curtis LeGeyt, president and CEO of the National Association of Broadcasters. “Local stations provide trusted journalism, life-saving emergency alerts and the sports and entertainment that bring our communities together. This report reinforces that broadcasters are not only essential to our democracy and daily lives, but to the strength of our economy, as well.”
The study details how local stations serve their communities while powering economic growth:
“Broadcasting is more than a business model; it is a civic model,” added LeGeyt. “This industry stands alone in its mission to inform, protect and uplift every community in America, regardless of zip code or income level.”
As policymakers debate the future of media, this report offers a compelling reminder: Free, local broadcasting is not just surviving. It is delivering extraordinary value to our democracy, safety and economy.
Woods & Poole Economics is an experienced, small, independent firm that specializes in long-term county economic data and demographic data projections. Woods & Poole’s database for all U.S. counties contains projections for every year through 2060 for more than 900 variables. Each year Woods & Poole updates the projections with new historical data. The data and projections are provided in spreadsheet files by Download. Woods & Poole has been making county projections since 1983. Users of Woods & Poole data include public utilities, state and local government, consultants, retailers, market research firms and planners.
BIA Advisory Services is a leading consultancy highly regarded for its expertise in forecasting and valuation services for the media industry. With a robust track record of delivering data-driven insights and strategic guidance, BIA helps clients navigate an ever-evolving landscape. Our specialized services empower organizations to make informed decisions, optimize their investments, and effectively anticipate market trends. Committed to excellence and innovation, BIA is the trusted partner for businesses looking to enhance their competitive edge in the dynamic media ecosystem.
The National Association of Broadcasters is the premier advocacy association for America's broadcasters. NAB advances radio and television interests in legislative, regulatory and public affairs. Through advocacy, education and innovation, NAB enables broadcasters to best serve their communities, strengthen their businesses and seize new opportunities in the digital age. Learn more at nab.org.
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