The "soulless jukebox" may be exactly what some people want. In Buffalo, Jack got better ratings than a station with live hosts. So just giving people "value" doesn't mean they will listen.
"Soulless Jukeboxes" is what some people want. I listen to country music on Sirius, because I want to hear nothing but songs. The DJ's actually ruin my experience if it happens to be a day that I only want music.
However, radio does need to do something to stand out. If they become "souless" they will not be able to compete with other music platforms.
If it's Apples to Apples, the other platforms will win!
* No commercials
*No signal deficiencies
* No interruptions in music
* No waiting for your favorite songs
* No waiting for content YOU prefer
There was a time, you had no choice but radio. You do now!
I was recently looking at diary comments for all stations in Buffalo, and I lost count of how many of them said that they also like Pandora, Sirius, Apple Music. They like them for the exact reasons I just mentioned.
Radio has no other choice than to be local....or it will be the same as these other platforms. That being said, the local content has to be VERY relevant, not just people blabbering. Thank goodness for people like myself and other local owners, whose competition are companies who do not give a damn about local, listeners, ratings, or radio. They simply don't. All they care about is how to increase quarterly net profit for their stockholders. It's complete smoke and mirrors.
Do you really think that people go to Taste of Country because YRK is there? If YRK had zero to do with it, the event itself would still be packed.
Garth Brooks played to 70K people at the stadium. There was no presenting station, there was barely any advertising, if any at all. It had 70K people because the word got around, and the PR was there. Those people could give a flying F*** who presented it. YRK, WOLF, Apple Music, Pandora......it could of been presented from Willy Wonka and still get 70K. The only thing they cared about was Garth. Infact, radio hardly plays Garth music unless it is 80's and 90's centric, which none of the country radio stations are.
So we get back to radio. NO joke here, country music is my biggest love, but I have not turned on a country station in Buffalo for about 10 years. I listen to all the Sirius channels or play my Alexa playlist.
The point I am trying to make is that radio is becoming less and less relevant, especially when it comes to the large companies. Have you looked at Audacy's financials lately? They are operating at a -17% net margin. Which means they are not profiting a penny, they are operating on life support. They are taking money from any LOC they have available. Borrowed money, not earned. The company is not profiting 1 cent. But they will say "Our digital dept is crushing it", which is probably true. THAT is where they make money, otherwise they would be at a -40% net profit margin. Everyone's paycheck is borrowed money. Soon, they will be delisted. Picture yourself being a stockholder and seeing that the company has gone to 66 cents a share. BY the way, I had a ton of Entercom stocked and cashed in at 66 DOLLARS a share 15 years ago. The blocks are starting to fall. Shareholders are bailing so they can at least grab their 66 cents. If you don't believe me, just look up their stock and their financials. It's all right there.
There will be a few stations standing in the market. I can tell you, BIG WECK will be one of them. Not gloating, but we are debt-free and relevant local, plus we have a total metro signal(s)
In conclusion, the "Jukeboxes" will not survive, unless they proudly admit they are "Jukeboxes". There is simply too much competition from other bigger Jukeboxes...like Sirius, Alexa, and on and on.