classic1 said:
I recently had a discussion with the son of a close family friend at my church who wants to get into radio, and I never thought I would tell someone this, but I told him not to do it. I explained the current state of the industry, and suggested that if he is determined to get into the business, to get into sales or I.T., but have some sort of business degree to fall back on. I kinda felt sick to my stomach saying that, but it has become apparent to me that what I told him was absolutely true. Radio and Newspapers are going down the same road, and it looks like in due time that both will become obsolete. So sad. :-\
Okay, now. Do the kid a favor and pull him aside this Sunday after church and tell him you're an idiot.
Let's start with the fact that, despite all the gloom-and-doom you read on this board... and/or your own personal experience... radio is extremely healthy relative to U.S. business in general, and will likely continue to be throughout the young man's adult life. Consider...
92 percent weekly usage (cume rating)... 78 percent daily usage--enormous reach. Minimal erosion over the past decade, despite emergence of all these digital/"new media" options. Think for a minute: you don't see CD players anymore--that's what they've killed, not radio! Radio has a long, positive future.
I run a half-dozen radio stations in towns of 3,000 to 8,000--all non-rated "rust belt" markets. As a GM ("market manager") I earn a healthy six-figure yearly income (and, no, I don't own the company... just an employee)--in a nation where the median individual earnings are $40,000. I'll be retiring within a few years, and someone will need to replace me. Maybe it will be your friend's son.
My eight sales people all earn between $50,000 (remember--the $40K U.S. median) and $100,000 a year--in tiny towns--so they live very, very well. And for the first quarter of 2010, our sales are running 15 percent ahead of last year--with two weeks left in the quarter! Radio is "Red Hot" (again).
I teach media courses as an adjunct at one of the Big Ten universities, so I'm always having this conversation with the Communications majors. I also have two daughters--both with master's degrees--making a terrific living in broadcasting (no, not working for me or this company), and enjoying every minute of it. It's an exciting business!
No, I'm not trying to talk youngsters out of radio. I'm pointing out the tremendous opportunities in radio and encouraging them to take advantage.