Exactly, I'm not seeing a lot of program development in the talk radio business. A lot of well known talk hosts have left or retired. Very few new shows have replaced them. What we're seeing with Shapiro is that the radio show will support the podcast, kind of like what Ramsey is doing. If you're a radio talk show host, and that's all you do, you're not going to have a job for long. You need to have a multi-platform presentation ready, with on air, online, and podcast, and a subscription fan base of at least a million, to get a nibble.
With that kind of a standard how can you develop any new talent? Most new talent starts at the bottom and doesn't have a million strong fan base.
Talk radio will die the same slow death as rock radio did for exactly the same reason. Radio ownership groups are only interested in what can bring them a buck today, not developing any new talent for tomorrow. In the regular business world there would be costs in the operating budget devoted to R&D/Growth CapX to constantly improve the existing product and/or come up with new and innovative ones in order to succeed. Radio sits back and waits for the new hot talent to arrive on their own, meanwhile they have every hour of the week accounted for with existing talent or paid time that doesn't allow any room for newcomers. When the existing talent eventually moves on they sit and wonder why there is no deep bench.
Then of course there is the whole lack of promotion thing, which is a whole 'nother story.