Look, you might disagree with this but please don't pretend you don't understand it. It's just a rough sketch of how things might or might not pan out in the future of the streaming world. Neither of us can say for sure one way or the other but isn't it worth talking about?
It's nice to be philosophical about it, but it's not the way the overall entertainment business is moving. Some record labels are refusing to allow their music on certain streaming platforms, some cable companies are having battles with certain stations over carriage, and some radio companies are keeping their content on their own platform. That's what CBS Radio did as well. I'd like to watch Netflix movies on standard basic cable, but right now that's not happening. Some Thursday night NFL games are only on the NFL Network, and that's usually not on basic cable.
As I said earlier in this thread, as of now Cumulus doesn't have a digital plan, so they're using iHeart. They also use other outside companies for their podcasts. Given their finances, they don't have the investment money they'd need to start their own. There's a lot of speculation about what will happen with CBS Radio once it gets bought by Entercom. Entercom isn't very active in the digital area either. But CBS has their own Radio.com platform.
The general feeling is "Content is King." If you love a certain kind of content, you'll do whatever it takes to get it. That's how Howard Stern got rich. He went to satellite, and you have to pay $15 or more a month to hear him. Does that limit his reach as compared to what he had when he was syndicated on FM radio? Probably. That's why he added a TV show. Bill O'Reilly doesn't have a TV show on Fox anymore, but his fans are paying to hear him online. You probably can think of other similar examples.
The biggest problem I see with Mark Simone is he's only on in New York. He isn't syndicated like Rush or other talkers. So his potential online audience is mainly drawn from NYC. It doesn't matter how many digital platforms he's on. That means his digital numbers are probably lower than the national guys. If they're lower, he may not be triggering the minimum numbers to get online sponsorship. My people tell me you need a minimum of 10,000 listens a week of a podcast before you get your first pre-roll ad. That's a lot of listens. Each platform has its minimum, so you're better off concentrating your listens on one platform than five in order to meet the minimum. His website needs to get over 30,000 impressions a month before it triggers minimum numbers for ads. I know some national shows that struggle to meet that. Even after 30,000 hits, it may only make them $20 after the split.
So you see, the money isn't there in digital, especially if you're not a nationally syndicated host. When I was selling digital, the only number advertisers were interested in for direct sponsorship was Million. If you can give them a million impressions, they might advertise with you. If the demographics are right. And everyone wants a cut. Google AdWords wants a cut, the agency wants a cut, and the syndicator wants a cut. What's left for the talent? Get the picture?