Hey guys. My two cents worth, but living and working in a big market area (DC/Baltimore), I completely concur that I just don't see a terrestrial radio comeback for this format, at least in larger markets. There will soon be another 24/7 News/Talk station on the FM dial here, competing with longtime ratings king 103.5 FM WTOP and Conservative talker 105.9 FM, which just so happens to be the former Smooth Jazz 105.9 FM, WJZW.
I agree with Tim, Nock, and Majaman78 for different reasons. Since mobile broadband is still costly and can be considered a luxury in these tough financial times, I have always opined, with the right presentation, a commitment to your target audience (which I believe at its core are intelligent and affluent in the way they live or WANT to live), and marrying them with logical sponsors, this format can work on traditional radio in smaller markets in resort areas. Destin is a great example. My home away from home, Rehoboth Beach, Delaware, is another example. Of course, BA screwed that one up (WQJZ). But in the end, here's the challenge. With many terrestrial radio stations being about the bottom line and dealing with overhead, and knowing this format has never fetched huge ratings, there will be fewer and fewer takers---because it is a risk, and we know radio is all about playing it safe. Like it or not, the Internet IS the future of this format, and radio in general. Embrace it. Celebrate it. Resist your urge to lament it. Because it ultimately means more choices for you, and programmers working harder and harder to win your loyalty. That means larger playlists and sharper programming. What's not to like? ;D