Independent stations face plateau in growth in TV market
Los Angeles report notes independents have risen from second-class to competitive players, doubling in six years and winning higher ad rates, yet analysts foresee slower growth and higher program costs. Association projects independents at 23 percent of ad revenue, $4.2 billion of $18 billion in 1990. Margins vary as independents buy all shows themselves while network affiliates source most programming.
MENTIONED IN THIS ARTICLE
Paul Kagan
Broadcast Investor
Association of Independent Television Stations
Association
John S. Reidy
Drexel Burnham Lambert
Martin Pompador
Small business outlook shown as favorable
Washington SBA official testifies the economic outlook for small businesses is favorable overall, with farming timbering and mineral-extracting states facing challenges. He notes bankruptcies rising but not signaling disaster, while formations reach record highs as inflation remains moderate and rates ease. Fed official agrees climate improving.
MENTIONED IN THIS ARTICLE
Washington
Small Business Administration
Frank S. Swain
SBA
House
Small Business General Oversight and Economy
Swain
Emmett J. Rice
Federal Reserve System
Rice
Stocks rise on gains but profit taking trims advance
A robust stock market session saw the Dow edge up 2.47 to 1323.03 with early strength fading. The NYSE composite rose 0.32 to 109.97 as volume swelled to 115.66 million shares after a 4.1 percent May jump in durable goods orders driven by defense demand and a 1.1 percent rise in non military orders.
MENTIONED IN THIS ARTICLE
New York
Commerce Department
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