The nation’s top 100 media companies saw a 4.6% revenue boost in 2007, their slowest growth since the recession year of 2001.
Media’s tempered growth mirrors that of the economy: GDP last year recorded its most tepid growth (2%) since 2002 amid signs the economy was heading into recession.
Media’s biggest winner is no surprise: digital, with revenue up 10.8%. Cable-network growth was close behind, at 10.6%. The biggest loser: newspapers, down 6.8%.