bucwhyl said:
I've noticed a new trend for FM radio: spoken word, (sports, news/talk). Many stations are dropping music formats for this particular type of format. I ask why? Is the music that today's artists are producing just that bad, or is this a money thing? Opinions?
There are a number of factors here. Any, and sometimes all, of the factors may enter into play in any individual market.
In the top 100 markets, there are less than 200 "viable" AM stations. This means that in some markets there are no AMs that cover the whole market or almost all or it day and night. In others, there may be one or two, and only in a couple (like Chicago, New York, San Francisco) are there 4 or more good full signals on AM. This means that AM is very limited in covering the full radio markets of the US.
There are many new delivery systems for music; radio remains viable in this area, but radio remains very significant for real time delivery of news and sports.
AM is mostly used by persons over 50 or 60, or those who grew up when the big stations were AM. As the AM-friendly group gets older, their attractiveness to advertisers decreases to the point of there being no revenue for stations that have little under-55 listening.
At the same time, we have seen over the last decade that strong AMs with talk formats that move to FM get a big boost in the very salable 35-54 age range without significant change in programming; the conclusion is that the formats are viable but the AM band is not.
In many markets the 80's and 90's saw countless move-ins and upgrades, resulting in more FM competition and the opportunity for more format variety on the band.
The possibility of high RIAA / Soundscan royalty payments for music means marginal stations will be driven out, maybe even out of business. Since it's clear that there is not room for many many talk stations, those wanting to be first in don't have much opportunity to play catch-up later.