I am not naive, nor am I blind to the plight of the industry. If indeed radio broadcasting goes the way of the Edsel, history will show that it was an unwillingness on the part of those in the industry to adapt, overcome, improvise. It was owners getting drunk on other people's money (Wall Street). It was a lot of things.
The Edsel is a poor comparison. That car failed because no consumer research was done and the result was a car that was ugly, overpriced and in a vehicle category that was too crowded to begin with.
Radio uses extensive research and pays attention to listeners. The challenge is dealing with new media that has ad-free options as well as one-to-one music choices.
When consolidation and the huge increases in pricing ratios occurred, nobody could anticipate the Internet, smart phones, iPads and all the options for entertainment that have become available in the last 27 years.
Innovation, determination, and a willingness to think outside the box are all part of what can take us to the next level. The industry is never again going to look like it did in 1970, 1980, or even 2010, nor should it. We need to stop trying to make it look like that and embrace a new way of thinking.
Since at present the FCC won't allow "scrambled" radio services that could be used for subscription propositions such as was tried on TV briefly in the early 80's, we have to use the ad supported model and the "mass appeal" format system. It's questionable if that will be viable for newer generations.
The question then is this.... other than bemoaning that "it's all but over", what are you doing to champion the strengths of the medium?
Honestly, we are targeting people who find ad-supported radio acceptable. But we see the huge decline in listening: in 2020 the AQH rating of radio was around 20 in the US while today it is around 6. In other words, during the 18 hours of the day, on average one out of five people had a radio on. Now, it is one out of 18.
Unfortunately, in the industry we look at share, which always adds up to 100 percent of people using radio. If we look at rating, we see that 350% decline in listening levels.
People are still predicting the demise of radio. Nothing new there. The difference between 1939 and 2022 - it wasn't the radio "experts" predicting the demise in 1939.
Nobody predicted the demise of radio in 1939 except, maybe, the megalomaniac Sarnoff. TV had been a dream since the very late 20's and was still nearly a decade away from being a reality. On the other hand, the Internet and streaming and TicTok are realities and competing right now.-
So again, if you feel strongly that it's all over but the crying, I'm not here to convert you, But before you attack me, maybe ask yourself why you even bother to come here?
I am a realist. I'm currently involved with a nation-wide project outside the US to build over 80 stations along with a smartphone based version that includes non-banking financial services in the Sub-Saharan African model that all bear the radio station's brand. The OTA service will use a modified model of stations like France's Nostalgie national service (
Webradios Nostalgie : Ecoute en direct gratuite et illimitée) with a variety of cross-polinating channels covering at least 60 years of contemporary music that appeals to mid-level income people of all ages.
Note: Nostalgie has over 60 separate channels that include not just eras but styles of contemporary music in French, English and the combination of the two.
The idea is to use the radio stations with limited commercials as the brand to bond the financial and even merchandise services to listeners who are intended to be proud of their association with the overall brand.
In this case, the concept is to use radio as a loss-leader to bond all the rest with the emotional value of radio.