There’s a new report from SNL Kagan that shows a huge drop in TV station revenues from 2003-2009 of more than $5.5 billion, reports B&C.
The money went from $24.6 billion to under $19 billion.
The good news is that Kagan predicts that by 2013, the situation will be improved to the level of $21.7 billion. Kagan also anticipates an increase in retrans fees and online revenue.
— Allison J. Waldman