On Jan 1, 2011, at 12:05 AM, Daniel R. Tobias wrote:

I just watched the ball drop in Times Square (on TV, not in person!),
and noticed that my watch (auto-synced daily via radio signal) was
about 15 seconds fast compared to the countdown clock used by the
Times Square people and the TV network.  So what time standard do
they use for syncing, and why does it differ from mine?  (My PC clock
was a few seconds slower than Times Square, and it's also regularly
synced via the Internet.)

Many time delays are introduced in broadcast signals.  See. e.g., 
http://www.atsc.org/cms/standards/is_266.pdf

     - Jonathan

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