• Get involved.
    We want your input!
    Apply for Membership and join the conversations about everything related to broadcasting.

    After we receive your registration, a moderator will review it. After your registration is approved, you will be permitted to post.
    If you use a disposable or false email address, your registration will be rejected.

    After your membership is approved, please take a minute to tell us a little bit about yourself.
    https://www.radiodiscussions.com/forums/introduce-yourself.1088/

    Thanks in advance and have fun!
    RadioDiscussions Administrators

Cumulus Faces NASDAQ De-listing

If you can’t find a business that can benefit from radio, you’re just putting money into a white elephant.

That's why the Soros investment in Audacy is so important. It allowed Audacy to go private, which is what I was saying two years ago. Take radio private, get off the Wall Street merry go round that was driving radio values down. Soros is looking long term, which is different from Wall Street quarterly focus. This is good for radio, and good for Audacy. Unfortunately, the new FCC is now going to play politics, so we may not get to see how this will play out.
 
Last edited:
Many of those stations licensed in Docket 80-90 probably shouldn’t have been licensed. The problem is the cat has been out of the bag for going on 45 years, and the audience has spoken. People want the additional choice those stations provide. They don’t want to go back to the days of Top-40/CHR and AOR stations playing everything under the sun. Going back to the pre-1980’s era of radio will just guarantee even fewer people will bother with the radio.
This is a key point those who complain about Docket 80-90 fail to acknowledge. Those additional stations provided small and midsized markets format variety that was previously lacking, and allowed more focused demographic targeting in larger markets. While existing operators hated it from a business standpoint, the listening audience appreciated having more choices. And it also lit a fire under some station owners who were content to run a crummy operation because “there’s no competition, so why should we bother with something better?”

Had technological change proceeded the same way without 80-90 we might have seen an even quicker demise of traditional radio, as the limited choices would have driven audiences to new platforms at a much more rapid pace.
 
Had technological change proceeded the same way without 80-90 we might have seen an even quicker demise of traditional radio, as the limited choices would have driven audiences to new platforms at a much more rapid pace.

Interesting thought. Certainly new platforms were developing at that same time, so I get your point. I see 80-90 as part of a two-step process that involved both adding new stations and loosening ownership rules, as came in 1996. They were inter-related decisions. 80-90 drove down station shares, which then drove down station billings, that required changes in ownership rules to replace the lost money.

The third factor that was happening at this same time was the replacement of heritage owners, such as electronics companies and insurance companies, with radio-only companies. Helping this process was the interest by investment companies in funding radio companies. Plus you had the first discussions about satellite radio, the first opportunities for music downloading, the use of music in video games, and the explosive growth of the PC. All happening at the same time. So yes, it was a very complicated time for anyone in radio or in the music business. And all of it led us to where we are today.
 
The agency business is in a transformation period, with immense consolidation (I still get Advertising Age);
I used to read that because it was easy, then I wanted to continue to read about commercials, especially Super Bowl commercials, but I finally ended up not being able to find actual magazines anywhere. What exactly do you get?
 
Seems like most every post here is missing the point! The stock price of ANY equity is determined by only TWO factors...what the buyer wants to pay and the price at which the seller wants to sell, that's it! If investors don't think a business, market sector, or individual Company is a good investment of their money, then they will not buy the stock! Before anyone complains, yes, I've invested in media as well as other market sectors for many years! I am not in any media right now, selling out my final block of equities about ten years ago. Why don't I buy broadcast stocks now? I have no faith in the way the business is going. Whether we like it or not, radio is circling the drain. The business has thumbed its nose at the LOCAL audience, LOCAL advertisers and LOCAL communities in order to "do it on the cheap". What is the incentive for anyone to listen to their hometown radio station anymore?
 
The business has thumbed its nose at the LOCAL audience, LOCAL advertisers and LOCAL communities in order to "do it on the cheap". What is the incentive for anyone to listen to their hometown radio station anymore?

They do it on the cheap because the investors want to make a profit. All you have to do to change that is invest enough in a company that they will do what you want. But it wouldn't make a difference because the audience doesn't care about "local" anymore. They stopped shopping at local stories and instead go to national chains. That killed off local businesses who used to advertise on local radio. The audience now gets music from international streamers like Spotify that don't invest in local anything or tech companies like Apple that also don't invest in local. What's the inventive to listen to a streaming company based in Sweden?

So when you say "the business thumbed its nose at local," the fact is that everyone has thumbed its nose at local, including the people who live there. That's why we're in the state we're in.
 
It's beyond the scope of this board, but if those are the trends, it doesn't bode well for society. I happen to appreciate the unique and the local, and it's a pity more don't. No wonder we're becoming more disconnected, more socially inept, and less concerned about actual news and the suffering of others.
Although there are some exceptions, large quantities of owners have always had the idea of doing it on the "super cheap". We've all seen them, those who will not replace aging equipment, getting rid of air staff and engineers has always been on their wish lists. Some have even farmed out sales to outside companies. When the possibilities of bringing in satellite fed programing combined with automated spot insertion, these owners were dancing and partying to no end. They could get rid of most everybody thinking they could replace them with the same old worn out, over done and repetitious left versus right diatribe and thus alienated their listeners who didn't want to hear this garbage on every station. No matter who the "host" is, the content is the same just as if you played the same song over and over. THAT opened the doors to thumbing their nose at everything LOCAL and that is why radio is now a resident of hospice today. LOCAL radio combined with internet could have been a great marriage but stupid ownership and management wouldn't go along because of doing it on the cheap. Again, there are a few examples where some stations are doing an excellent job of still being local and I'm sure many of those reading can cite their stories.
 
Although there are some exceptions, large quantities of owners have always had the idea of doing it on the "super cheap". We've all seen them, those who will not replace aging equipment, getting rid of air staff and engineers has always been on their wish lists. Some have even farmed out sales to outside companies. When the possibilities of bringing in satellite fed programing combined with automated spot insertion, these owners were dancing and partying to no end. They could get rid of most everybody thinking they could replace them with the same old worn out, over done and repetitious left versus right diatribe and thus alienated their listeners who didn't want to hear this garbage on every station. No matter who the "host" is, the content is the same just as if you played the same song over and over. THAT opened the doors to thumbing their nose at everything LOCAL and that is why radio is now a resident of hospice today. LOCAL radio combined with internet could have been a great marriage but stupid ownership and management wouldn't go along because of doing it on the cheap. Again, there are a few examples where some stations are doing an excellent job of still being local and I'm sure many of those reading can cite their stories.
What live and local content is going to get the big box stores to start advertising on local radio? This isn't the 70s.
 
Although there are some exceptions, large quantities of owners have always had the idea of doing it on the "super cheap".

Not true. I've worked for big and small companies. BOTH do things on the cheap. The reason I left a small owner was to make more money. Big companies pay better and offer better benefits.

We've all seen them, those who will not replace aging equipment, getting rid of air staff and engineers has always been on their wish lists.

Bla, bla, bla. That's not been my experience.

When the possibilities of bringing in satellite fed programing combined with automated spot insertion, these owners were dancing and partying to no end.

The majority of affiliates of satellite fed programming are single station owners in small markets. We have a regular poster here who VTs for a small station in Wyoming and he works for LRN. You can talk to him about his experience. Cumulus owns Westwood One's 24/7 satellite networks and very few of their owned stations use their own service.
LOCAL radio combined with internet could have been a great marriage but stupid ownership and management wouldn't go along because of doing it on the cheap.

We were doing that 15 years ago. Please don't try to lecture us on how we do our jobs.

Again, there are a few examples where some stations are doing an excellent job of still being local and I'm sure many of those reading can cite their stories.
If you visit any Audacy station, you'll see lots of local programming, even after the bankruptcy. The demand for local isn't as great as you think it is. It's only relevant in news, talk, and sports programming.
 
Status
This thread has been closed due to inactivity. You can create a new thread to discuss this topic.


Back
Top Bottom