Part of the reason, their study concludes, is the dual nature of the economy: Many of the fastest-growing companies are outside the public markets and therefore not available to stock investors.
With the rocky economy already making it tough to further grow a sponsorship list, the dual revenue derived from advertisers and subscribers becomes that much more important, says Lee Berke, a sports business consultant who specializes in new media.
In his letter, Gaffney details the dual benefit to America and Americans of a tax reduction -- a necessary stimulus to the civilian economy and a concomitant boost for the Nation's defense.