There seems to be this prevailing belief that, because of the recession and the fact that there's less money to go around, radio stations have to be more "mass appeal", and that a "niche" format like Alternative doesn't perform well in economic times like these.
I laugh at such a notion. First of all, a format is no "niche" if it gives airtime to a lot of bands that play amphitheatres and arenas, as the Alternative format does. Furthermore, history indicates that whenever the economy is in a downturn and people are struggling, music that is generally more downbeat, moody and even angry tends to become more popular. Case in point: the early '90s, when hair metal and bubblegum pop gave way to the Seattle movement, and alternative rock acts were at the forefront of the music industry for about half the decade.
When you examine what most Alternative stations are flipping to, you'll see that many are going toward the upbeat, positive, and thoroughly vapid sounds of Top 40 radio. While the Telecommunications Act of 1996 changed radio as we knew it, I still question the wisdom of the strategy being implemented here as it runs contrary to what we have seen in the past.
It's a shame to see that so many Alternative stations are flipping, including NJ's WHTG/WBBO (G Rock) in my area, which went Top 40 as Hit 106 and had an abysmal first book ... the only rock stations left in my market are a classic rocker and a boring AOR station. I think it's a good time for the format, and a lot of acts that fit in well with the roots of the format are popular - Silversun Pickups, MGMT, Manchester Orchestra, Phoenix, Cage The Elephant, etc. Of course, we have derivative arena rock dreck like Shinedown making its way to the top of the charts sometimes, but overall the format is in a good place right now.
Thus far, early ratings have indicated that broadcasters that have opted to switch Alternative stations have made bad moves. I hope this keeps up so that the format can have a much-needed resurgence. As I said before, history has shown that darker music enjoys more popularity when the economy is in rough shape. And besides, the intelligent people among us don't want to be subjected to the sugary bubblegum of Black Eyed Peas and Britney Spears, nor do they want to hear Neanderthals like Nickelback and Hinder.