Eighteen TV Groups Control Over 80% of US TV Revenue
Eighteen TV ownership groups earn over 80 percent of industry revenue in the U.S., BIA/Kelsey reported Monday. That's "incredible," said the research firm's CEO Tom Buono. Local TV revenue will “approach $31 billion in total gross revenue” in 2016 and…
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a combined value of $84 billion, said the firm. Of that revenue total, $6.1 billion in terrestrial advertising revenue will be generated by the big four network groups, and $9.3 billion in TV station gross revenue, it said. The six publicly traded TV groups will generate 6.4 billion in ad revenue and $9.9 billion in gross TV station revenue, and the eight private TV groups will generate $4.2 billion in TV ad revenue and $6.6 billion in gross TV revenue, the firm said.