The August Review

Article excerpt

This month's issue leads with a discussion of the emergence of cable and other pay television industries. In "Job growth in television: cable versus broadcast, 1958-99," Dominic Toto traces the history of the television industry, examines employment trends in cable and other pay television services and in radio and television broadcasting, and reviews the more significant regulatory, technological, and economic changes that have taken place since the early 1960s. Toto finds that broadcast television accounted for most of the job growth during the early part of the study period, and cable and other pay television had the most growth during the latter part.

The report on producer prices is our final of a roundup of economic events during the last year of the decade. (Articles on employment and consumer prices appeared in February and April, respectively). In "Rising producer prices in 1999 dominated by energy goods," Eleni Xenofondos and William F. Snyders report that the Producer Price Index (PPI) rose at all stages of processing in 1999. Excluding food and energy, the increases for finished goods and intermediate materials ranged from about 1 to 2 percent, respectively; for crude nonfood materials excluding energy, the increase was 14 percent. …