Actually David, what you and I think are of no consequence. You can now get Pandora in your new Buick. Computers and smart phones will make radio obsolete. The value of radio stations will continue to plummet. Working in radio will be like working for a blacksmith in the auto age. In other words, there is no future in it.
This is a fascinating analogy. There are still blacksmith shops; in fact right in the middle of San Francisco's SOMA (South of Market) neighborhood is a blacksmith shop, Edvins Klockers Blacksmith & Metal, at 443 Folsom Street, near First.
The current owner doesn't get much call to shoe horses, but he does forge unique metal pieces such as machine parts, wrought iron rails and yard pieces, etc. The point is that as technology changes and things can be made cheaper and newer, there will still be room for old-school technology and old ways of doing things.
How does this apply to broadcasting? Well, you tell me.
This is my prediction for the future: Just as blacksmiths go upscale to do custom jobs, radio stations will also go upscale. We see it right now with KQED-FM, a high-billing station with an enviable demographic: rich white folks aged 25 to 49.
In the future I see that nearly all radio stations with marginal signals will shut down never to return, the remaining stations will increase their coverage, and most of them will go to specialty formats that appeal to upscale listeners.
KDFC is not the end, KDFC is the beginning. Note that the new KDFC foundation within a little over a year managed to take over 2 full-service non-comm stations, 3 translators, AND has bought a COMMERCIAL station to use as a non-comm, the Class A station originally licensed to Fremont.
I expect that more of this will come. In the last few years KQED Radio bought a full-service station north of Sacramento and put in translators here and there.
But OREGON is even more spectacular. Just look at http://www.ijpr.org/ the website of Jefferson Public Radio. They have no fewer than THREE programming services operating on dozens and dozens of stations throughout southern Oregon and northern California. These are a hodgepodge of non-comms, commercially licensed FMs, bankrupt AMs, etc. One of their services, News & Information has no fewer than 8 formerly commercial AMs spread from Roseburg south to Redding.
So, what do you folks think. Will radio stations become the new blacksmith shops -- fewer but more upscale?