‘93/’94 Year-End Review and Outlook : Industry Outlook : Continuing low-grade growth in the national economy, coupled with hopes for stability--if not expansion--in California, is the backdrop for the year in business. Here is an assessment of key industries’ prospects.

BROADCASTING: The battle between Paramount and Warner Bros. to launch a fifth network will occupy stage front. ABC, CBS, NBC and Fox will take on greater roles in production of prime-time TV programs, in competition with major studios.