Wednesday, August 11, 2010

Media Industry to Grow Faster than US Economy

A new report out today from Veronis Suhler Stevenson forecasts spending on media and communications will outpace economic growth as consumers invest in mobile and web access and companies pay to reach them there.

Veronis projects 6.1 percent average annual growth between 2009 and 2014 for the media and communications industry, beating the 5.8 percent average annual growth rate for U.S. GDP. This year total communications spending is on track to grow 3.5 percent.

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