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Total digital revenues grew 3.3% to £3.1m, with digital display revenues increasing 11%.
Budget cuts in the face of recession only further cripple growth and tax revenues, increasing debt burdens.
Mr. Gruenberg also highlighted the banking industry's paltry revenue growth, with net operating revenues increasing only $1.3 billion, or 0.8 percent, over the same quarter last year.
In 1998, for example, the Met collected only $178,000 in rental income, according to its tax statements, which showed revenues increasing dramatically to $1.2 million when MTV rented the theater the following year.
Everything is in place in Utah, where Real Salt Lake will open the newest playground in Major League Soccer, Rio Tinto Stadium, with a game against the Red Bulls on Oct. 9. "With a new stadium, we're talking revenues increasing two-, three-, fourfold that can then go back onto the field," Bill Manning, the club's president, said in a telephone interview.
In contrast, the gross domestic product grew at a rate of 2.7 percent over this period, with tax revenues increasing at about the same rate as the G.D.P. Spending on infrastructure and government services, excluding defense, has kept pace with gross domestic product growth.
Similar(40)
Tax rates were cut, but revenues increased.
Revenues increased 12% to £1.49bn.
Total data revenues increased 27percentto to $965 million.
Revenues increased by 14% to $2.3bn.
Revenues increased 45% on the year.
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