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Not content with being a sports colossus with broadcasts in 200 countries, ESPN is taking aim at hometown sports coverage, threatening one of the last strongholds of local newspapers and television stations.

Broadcast networks produced a 3.5% increase in the number of combined commercial minutes in prime time last year -- a sign that networks may be forced to squeeze in more spots to keep revenues growing. Nielsen figures show that the total rose to 5,688 minutes in 2008, topping the total of 5,492 the year before.

The past two decades have seen a role reversal of sorts taking place: the traditional roles of men and women are being redefined to better reflect today's social norms. Today's American households are looking less like Donna Reed -- the paradigm for the ideal 1950s family -- and more like Mr. Mom.

PricewaterhouseCoopers released its Global Entertainment and Media Outlook for 2009-2013 Tuesday, which provides five-year market forecasts on the entertainment & media industry. The report forecasts that global entertainment and media spending will rise from $1.4 trillion to $1.6 trillion in 2013, growing at a compound annual growth rate (CAGR) of 2.7%. Radio's outlook is a minus 2.2% CAGR.