I believe the real issues come back to revenue, as traditional media is climbing a steep hill just to survive. National advertising has seen a significant drop-off in most markets, with the shiny new outlet being digital. While national doesn't typically make up the majority of the revenue pie...it has started and is creeping into the local revenue. We've all watched this unfold for the past decade...but most haven't adjusted the radio model.It's been stated in other discussions on RD that this is a limiting factor that keeps radio stations from adopting hip-hop formats that could appear to younger listeners. Bleeps will take you only so far.
Which are....?
Hats-off to iHeart, as they seem to have the best grasp on the digital component. Townsquare has done well, too. But....most of radio is simply following the herd and hoping for a different outcome. The ad-based model with ridiculous stopsets aren't helping to solve the issue. Is it time for a new model for terrestrial radio?
I'm not smart enough to know the answer and I'm not convinced that radio won't just fade away at some point. Sad to say, as a radio "lifer".
As crazy as Lee Abrams' ideas seemed a few years ago....he's pretty damn smart.
Sorry for the rant!
Cheers