NCTA study: Cable is good for the U.S. economy, even in a recession

No wonder President Obama appointed Comcast (Nasdaq: CMCSA) Chairman-CEO Brian Roberts to the President's Council on Jobs and Competitiveness. As the leader of the nation's biggest MSO, Roberts no doubt helped drive an industry that supports nearly 1.8 million jobs and contributes more than $251 billion in gross economic output.

Those numbers were part of a good news survey conducted by Bortz Media and Sports Group (and who says sports don't rule the world?) for the NCTA. The report analyzed the impact of the cable industry in its entirety (meaning that threw in suppliers and program network providers) on the U.S. economy and determined that cable is good for the country even when the rest of the businesses are in recession.

Cable, the report concluded, "has fostered the development of a highly competitive telecommunications market and has been a catalyst for broadband growth in the U.S."

For more:
- see this report summary

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