ChannelFlipper said:
Riddle me this: Since PPM became a part of the radio landscape, what great stations have come along? They're absence is because no one is allowed to take a chance any more. an island.
That's really a bad, illogical question.
The PPM came to most markets between 2008 and 2010, in the middle of a recession where radio lost, at one point, 40% of its pre-recession billings.
Those same years up to the present are littered with foreclosures and lender assumptions, along with a reduction of perhaps a third of the folks working in radio before the recession.
Add the growth of smartphones... the first iPhone preceded the recession's "start" by just a few months... and the move to alternate distribution systems and you have a poor scenario for risk taking.
When risks are taken, it is usually due to having a surplus of working capital, or, the opposite, nothing to lose. Neither case has prevailed in radio: no company has excess cash flow and stations with nothing to lose tend to be sold or foreclosed on as there is no available financing for "dream development" in radio.
Remember, your KROQ example came from the period where FM had vastly less value, and there were only a couple of formats that were bringing on the revenues, so the other stations messed around with experimental formats.
Great innovations like the conversion of the deak KMET to KTWV occurred because Metromedia had lots of cash, could afford amazing "think tank" talent and was willing to take risks. That environment does not exist for the most part today... anywhere in the world.