Cable Has $421 Billion Economic Impact, NCTA Report Says
The U.S. cable industry employs 2.9 million, with those worker earnings totaling $152 billion annually, NCTA said in its annual cable industry economic impact report released Monday. Cable's overall economic impact is $421 billion yearly, it said. It also said…
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93 percent of U.S. households have access to broadband via a cable ISP, and spending on programming by basic cable networks went from $1.4 billion in 1990 to $38.2 billion last year. NCTA also said cable operators paid $3.5 billion to local municipalities in 2016 in the form of franchise fees, and state and local governments took in an additional $4.2 billion in the form of subscriber taxes and fees.