landtuna said:
I know of no national law, save some very complicated jobs such as airline pilots, that require seniors to retire.
No, but as Big A stated, many companies have mandatory retirement ages... otherwise Jack Welch would still be at GE... where he reached the mandatory age and retired.
No, you did not hear that from me. Bill Gardner, formerly of KOOL-FM, was one of the blabbiest DJ's in recent memory and also one of my favorites. Bill Heywood was another. Steve Goddard could probably be described as a "blabby" DJ but to me he is very entertaining.
But those folks have no appeal to people under 50 to 55. KOOL still has half its audience over the age of 55, and they are doing everything they can to shed the old listeners and invite 35-54 in... with some success, at least in the 45-54 demos.
That certainly hasn't helped but radio was in trouble even before the recession hit. And you just certified my point....too many platforms and too little ad money. And the ad money drops a little bit year by year.
The perfect storm of the recession, new media and the PPM hit in 2008. Radio's total revenues were growing up till then, and even the companies with a large debt load could project taking care of debt service and paydown of the principal.
I can offer no fool-proof alternative. All I said was the current advertiser biz model is failing. It has already failed for newspapers and it is failing for radio.
Most of the decline in revenue for radio is due to the recession... about 30% down from 2007, and at the worst point, being off by 40% in most markets.
Others might. But I doubt enough people will support OTA radio with subscriptions.
"OTA" is only a distribution method. The same content, if desirable on AM or FM, can be offered via apps, streams and such. "Radio" has to modify delivery to suit consumers; nobody buys a "radio" today but near 60% of the 12+ population will have a smart phone by the end of the year. The smartphone is today's radio, music collection, video source, TV substitute, US Mail replacement, and you can talk on it, too.
[/quote]"My" music has already disappeared in my market so my listening is either over the Internet or my private library. [/quote]
That is a separate issue, covered many times. Your music and your desired style of presentation can not be made profitable on the air or, in many / most cases, over the Internet if a sponsored model is used. Sponsors don't want 55+.