Radio is not in good shape in more recent years. We point fingers right and left, but the fact is radio is being nibbled on all sides as it looks for a way to maintain its piece of the pie.
The number of media offerings and devices has split a captive audience. There are many, many more radio station in the nation. There is the internet, hundreds of TV choices, Ipods, etc. Almost every vehicle sold has alternatives to radio including satellite. All of this has hurt radio listening.
Advertising revenue has been hurt by more radio stations, more TV channels, internet and everyone trying to bring in advertising dollars for each new option.
Some argue corporate radio is killing the medium. I agree and disagree. I believe radio cannot serve two masters (the community and shareholders), but others disagree. I contend corporate radio has helped and hurt radio in general. The advances corporate radio demanded (or created a market for) has made it less expensive to operate a radio station but on the other hand the pioneers of radio who took the untested risks to take radio forward another rung of the ladder find no stage to premier their innovative ideas. The result is radio seems stale and less compelling than ever.
I also contend radio is about like the housing market in parts of the country. As radio stations went up for sale and corporations bolstered their holdings to look more attractive to investors, I believe many overpaid for stations. Just like the $250,000 home now worth $175,000, radio struggles with debt service.
Radio has always been on the edge of the financial cliff looking over the edge. When you consider all the Federal regulations back before 1980, when you had to have licensed operators on duty at all hours, guaranteed a certain amount of news, etc., and paid so dearly for broadcast equipment, there were plenty of radio stations hurting then as well.
Radio is not all doom and gloom. There are people making it and successful stations. There's quite a few. If you play smart, are careful and never give up, you can get there. There are many businesses in the same place radio is. It has always been like that. There are more losers than winners...just a fact of life.
Radio is a business where you get where you are going by being at the right place at the right time. The more folks you know and the more on top of what's happening you are, the better your chances of being at the right place at the right time. It is much less about experience and ability. For example, I was a terrible DJ in Eagle Pass Texas. I was so bad I was hired for the 2 to 6am shift at a station in Bryan/College Station. A few days after starting, the 6 to 10pm DJ called the Program Director to say he was sick. I was standing by the Program Director and he said he wanted me to cover the shift. About an hour before the shift ended, the General Manager calls me to ask if I would come in for the 6 to 10am shift the next morning. I did. By the time the shift ended, we had a new Program Director. At the 10am Staff Meeting, I was put on Morning Drive and made the Music Director, possibly because I would do anything they told me to do and not fight the Program Director to do what I wanted. So, I went from overnights to morning drive and Music Director overnight by being at the right place at the right time. It was not my experience as I was the worst of the lot...I was simply the solution when a choice had to be made on the spot.