We all know why public stock and private equity radio companies can't/won't add people and develop content.
But I can't understand why an operator who's coming in without a huge debt load isn't adding in the content that others have foresworn -- particularly in spoken word formats -- local news, talent, local talk shows.
It would seem that someone who defied the conventional wisdom would reap great rewards. In the land of the syndicated, the partially-local station could be king.
In a mature industry, it takes time and money to establish a winner. USA Today lost money for its first decade of existence. If there's ever a right time to drop money, it's during a recession when everything is cheaper -- including people.
But I can't understand why an operator who's coming in without a huge debt load isn't adding in the content that others have foresworn -- particularly in spoken word formats -- local news, talent, local talk shows.
It would seem that someone who defied the conventional wisdom would reap great rewards. In the land of the syndicated, the partially-local station could be king.
In a mature industry, it takes time and money to establish a winner. USA Today lost money for its first decade of existence. If there's ever a right time to drop money, it's during a recession when everything is cheaper -- including people.