Tony Santiago said:
I just got back from seeing this movie. All I can say, in a sad way, is
WOW
Keep in mind what you saw was one point of view. I haven't seen the movie, but I've seen the trailer, and as someone who's worked in the industry a long time, the movie is based on a lot of mythology about radio history. Radio is a business, and it's always been a business. The goal, from the 1920s on, was to make a profit. That's why corporations like Westinghouse, GE, Sears, Nationwide Insurance, and more bought stations back then. Radio was not created as a local medium, but rather as a regional medium, with powerful AM stations that could cover dozens of states. The concept of local personalities is a rather recent phenomenon. The Golden Age of Radio was built around national networks, the way TV is today.
The problems that led to the 96 Act were: 1) Too many radio stations. Or rather, too many radio stations for the amount of advertising revenue they attract. There were a few thousand stations in the 60s, most of them AM. There are 12,000 now. This was largely caused by a greedy government that over licensed the spectrum with Docket 80-90. 2) Ronald Reagan cut the FCC budget in the 80s, forcing them to eliminate dozens of regulations, having to do with news, technical requirements, and public service. 3)Big multi-facted corporations, like insurance companies, department stores, and electronics manufacturers, sold their radio stations in the 1980s, leaving no one to pick up the slack. 4) In their place, radio-only companies got financing from investment companies. 5) The digital revolution began in the 1990s, and personal music devices were starting to replace radio as a source for entertainment. 6) Advertisers soon had lots of cheaper alternatives to reach their audience besides radio, causing a huge loss of income.
Was any of that covered in the movie? It's not all "big mean corporations." The fact is that if they hadn't bought the radio stations, no one would have. And today, even at bargain prices, no other companies or individuals are buying radio stations. Even colleges are getting out of the ownership business. It's too expensive, and there are much cheaper ways to do the same thing. The reality that we in the industry live with is far less romantic than what you saw in the movie. And while it might make you feel good sending money to the movie-maker, it won't change any of the facts about radio. Truthfully, the train has long since left the station.