The Information sector comprises three types of establishments: firms engaged in producing and distributing information and cultural products; establishments that provide the means to transmit or distribute these products and communications; and companies that process data. Cultural products are those that directly express attitudes, opinions, ideas, values and artistic creativity for entertainment or informational purposes. Included in this definition are popular, mass-produced products as well as cultural products that normally have a more limited audience, such as poetry books, literary magazines or classical records.
The main components of this sector are the publishing industries (including software publishing, traditional publishing and publishing that is exclusively on the Internet), motion picture and sound recording industries, broadcasting industries (including traditional broadcasting and those broadcasting exclusively over the Internet), telecommunications industries, web search portals, data processing industries and other information services industries.
The expressions “information age'' and ''global information economy'' are used with considerable frequency today. The general idea of an ''information economy'' includes both the notion of industries primarily producing, processing and distributing information, as well as the idea that every industry is using available information and information technology to reorganize and increase productivity.
The distribution modes for information commodities may either eliminate the necessity for traditional media or reverse the conventional order of media distribution: A newspaper distributed on-line, for example, can be printed locally or by the final consumer. Similarly, it is anticipated that packaged software, which today is mainly bought through the traditional retail channels, will soon be available mainly on-line. These factors are detailed in LARG’s industry reports.
LARG Industry Reports
Los Angeles Research Group provides 27 industry reports detailing the Information sector. Each report contains detailed information on output, employment, enterprises, establishments, assets, liabilities and profitability. LARG’s industry reports also provide in-depth information on market share concentrations, business structure (e.g., corporations, sole-proprietorships, partnerships), key economic indicators, supply chain data, debt ratios and new entrant trends, including survivor rates (i.e., percentage of new businesses that last longer than five years).
In addition to LARG’s standardized report information, LARG’s industry reports in the Information sector also provide specialized statistics, including detailed information on media types (e.g. print, internet), customers and outsourcing. For more information on a particular industry, please click on the appropriate industry below.
The Information sector comprises establishments that primarily engage in the following processes: producing and distributing information and cultural products, providing the means to transmit or distribute these products as well as data or communications, and processing data.