TheBigA said:secondchoice said:I know this is an “apples to oranges” but if you do not have adequate support people, sooner or later it will cost you.
That would be true, but the fact is that on air radio is no longer a growth area. NBC realized that in 1988. Metromedia agreed a few years later. Disney discovered the same thing five years ago. Radio can drive people to other media. All the big companies are basically transitioning staffing towards new technologies.
Radio was predicted to die in the late 1950’s when TV came along. The AM band does have some problems technically: interference from computers, CFLs, power lines, overcrowded channels etc.
IMHO what has happened the price of radio properties was ran up so high in the late 1990’s and early 2000’s that only major corporations can afford “good” properties. Radio is bad place for the large corporation model to try to operate in two ways. First almost any corporation of any size will hire MBA’s who are very good at numbers but a large number are clueless when it comes to entertainment. Also radio is now a “local” medium. Local decision making is contrary to almost any major corporation. Even 50 KW AM clears do not have a “clean” skywave any more and have to make their money with the local market.
I at one time really thought that cell phone (smart or internet) based technology was the future but even ATT is limiting the free data you get with the I Phone now. [My nephew who WAS a big user got his bill last week. Now on it is back to the walkman for him.] Until there is a major build out of the cellular network’s capacity in this country (which private enterprise may not be able to finance), radio in some form will still be around. As long as people still perform do things that require you eyes to be focused on something else like driving a car, some form of radio will still be around. If it a “growth” industry by Wall Street standards is part of the problem for the corporate model. A large number of radio stations have good cash flow if they were not trying to service a 10 times positive cash flow (or greater) note. You can make more witrh a good radio property that is debt free than that money will earn in CD's at the bank.