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O-V-E-R for Radio

J

jharmon

Guest
Internet revenues grew 11% to $23.4 billion in 2008. That’s $3.9 billion more than radio. The internet is now the third largest ad-supported medium, behind television and print.

Both Chicago papers have filed chapter 11.
Rocky Mountain News shut down.
Newspapers are in serious trouble.

Radio is on the same path. It may not be this week or this month, but it's coming.
You have not seen bad, but it's coming.

How many more waves of layoffs can be expected from Clear Channel, Cumulus, and Citadel.
 
I know whatever business you're in is a cash cow and you are totally immune to any effects of this recession. Congratulations and I'm sure all the people in radio appreciate your expertise, insight and prognostication. Hell, why even have this Radio Board thing?? It's all going away in maybe not weeks...but months.
 
jharmon said:
Internet revenues grew 11% to $23.4 billion in 2008. That’s $3.9 billion more than radio. The internet is now the third largest ad-supported medium, behind television and print.

Both Chicago papers have filed chapter 11.
Rocky Mountain News shut down.
Newspapers are in serious trouble.

Radio is on the same path. It may not be this week or this month, but it's coming.
You have not seen bad, but it's coming.

How many more waves of layoffs can be expected from Clear Channel, Cumulus, and Citadel.

Even FM?
 
jharmon said:
Both Chicago papers have filed chapter 11.
Rocky Mountain News shut down.
Newspapers are in serious trouble.

Radio is on the same path. It may not be this week or this month, but it's coming.

If the newspaper industry were to fall off the cliff before radio did, would that change your view of the future of radio?
 
I must admit when I put my ear very close to my radio, I hear sounds that remind me of deck chairs moving around.
 
Goat Rodeo Cowboy said:
jharmon said:
Both Chicago papers have filed chapter 11.
Rocky Mountain News shut down.
Newspapers are in serious trouble.

Radio is on the same path. It may not be this week or this month, but it's coming.

If the newspaper industry were to fall off the cliff before radio did, would that change your view of the future of radio?

Already has.

I try to be optimistic. And the most optimistic I can be is it will get to a point where corporate control of this medium will become so fruitless, stations will be going en masse back to local owners for the same price or less as starting a Part 15 station (some have already.) That's the only light I see. And when more of those transitions start happening, more lost voices will return to the airwaves and new opportunities, formats and innovation will happen. Until then, it's gonna be rough.....
 
Actually, gang... I stated in a post in this very forum several years ago that I foresaw a time when transmitters would actually start turning off to save on the electric bill... Well, perhaps that's a bit dramatic. I must agree though, unless there's a mass returning of stations to local ownership, which is highly unlikely due to the high asking price for most stations these days, it's over for terrestrial radio. My prediction is for up to 50% of the signals in many markets will simply go dark. The rest will then be able to succeed simply because there will be more advertising dollars to go around. And even that may not be necessarilly true, since so many markets have a handful of group stations, each with close to their limit of stations in the market... so the advertising pie might not actually change much at all.

Just speculation here, but I give it another year or two, and the real attrition will set in.

To think, radio is a victim of itself. All this could have been avoided years ago had upper management not dictated a policy of bottom line budgets. The point I've been making for years now is that radio has killed itself with this nit-witted idea that listeners don't want to hear disc jockeys, just the music. Happy Horse Hockey! People listened for both the music and the personalities. Now that the latter is going the way of the dinosaurs, just what the hell do these group managers think is going to be the audience draw? When I see certain frequencies in Memphis... 94.1 and 98.9 instantly come to mind... keep flipping formats because after a year or so there's little or no interest from the listeners, I gotta wonder what the talking head running those places are thinking.

This could ramble on for several pages, but it suffices to say that radio's goose is cooked. Want to break into a new opportunity? Find something on the internet. I guarantee you it'll be more enjoyable and satisfying to you than the same liner-card, slogan saturated airshift you'll find on most stations in the market.

I said this today... somebody take note of it... 10 percent of the stations (AM and FM) in Memphis will be off the air in two years. Remember I said it.

Steve West
Airchexx.com

And yes, I'm still alive and kickin'! I miss our arguements haha. Somebody send me an email [email protected]
 
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