The Future of Radio with New Media

The attendees at this year's NAB radio gathering in Philadelphia heard over and over again that new media is accounting for more and more of their advertising revenue.

No one seems to know how much of radio's ad pie new media will eventually eat and it appears to me very few of the big bosses (the only ones who are attending this conclave among the major consolidators) care.

Avoiding bankruptcy -- sure, they care.

Reinventing the wheel -- absolutely, they are into it.

Meanwhile, the companies that pander to the radio industry (I could have said sell things to the radio industry), are cranking out happy horseshit&hellip

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Banks On Radio Vulture Patrol

(Shown between "Doc" Fuller, left and Barry O'Brien at the Philly NAB Radio Show)

The NAB Radio Show now in progress in Philadelphia is like an old Italian wake -- it lasts three days and is very depressing.

Not that the NAB isn't trying to put on a good show or that those in attendance wouldn't like to hear better news, but this convention is grim this year.

The linchpin for the entire gathering was the Dickstein Shapiro breakfast bright and early in the morning on day one.

The usual suspects were on the panel and the usual listeners were hearing that in essence no one knows what is going to happen.

Radio&hellip

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Banks On Radio Vulture Patrol

(Shown between "Doc" Fuller, left and Barry O'Brien at the Philly NAB Radio Show)

The NAB Radio Show now in progress in Philadelphia is like an old Italian wake -- it lasts three days and is very depressing.

Not that the NAB isn't trying to put on a good show or that those in attendance wouldn't like to hear better news, but this convention is grim this year.

The linchpin for the entire gathering was the Dickstein Shapiro breakfast bright and early in the morning on day one.

The usual suspects were on the panel and the usual listeners were hearing that in essence no one knows what is going to happen.

Radio&hellip

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How Consolidation Could Have Worked

I never for even one minute thought radio consolidation would work right from the get go.

But, even I didn't believe radio consolidation would have turned out this bad.

Citadel is negotiating its debt covenant to avoid bankruptcy again even as I write this. Clear Channel's solvency is no slam dunk. And Cumulus, the other one of the big three consolidators, has one foot in the grave and the other on a banana peel.

It didn't have to be this way.

All the power didn't have to wind up in the hands of a few radio execs worshiping at the feet of Wall Street bankers. There could have been a "Plan B" just in case&hellip

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How Consolidation Could Have Worked

I never for even one minute thought radio consolidation would work right from the get go.

But, even I didn't believe radio consolidation would have turned out this bad.

Citadel is negotiating its debt covenant to avoid bankruptcy again even as I write this. Clear Channel's solvency is no slam dunk. And Cumulus, the other one of the big three consolidators, has one foot in the grave and the other on a banana peel.

It didn't have to be this way.

All the power didn't have to wind up in the hands of a few radio execs worshiping at the feet of Wall Street bankers. There could have been a "Plan B" just in case&hellip

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Generational Radio Changes

It used to be that when I went to the beach I saw -- and heard -- boom boxes blaring local radio stations. And those stations were great! Young DJs having fun on the radio.

Each year it is becoming harder to find a visible radio on the beach owned by anyone -- of any age.

The world is changing and I wonder sometimes whether the people running the radio industry are as interested in this important fact as they are trying to save their own necks.

As I warned a long time ago, Citadel seems on the brink of some type of bankruptcy reorganization despite the fact that it made a minor debt payment last week and held off&hellip

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Generational Radio Changes

It used to be that when I went to the beach I saw -- and heard -- boom boxes blaring local radio stations. And those stations were great! Young DJs having fun on the radio.

Each year it is becoming harder to find a visible radio on the beach owned by anyone -- of any age.

The world is changing and I wonder sometimes whether the people running the radio industry are as interested in this important fact as they are trying to save their own necks.

As I warned a long time ago, Citadel seems on the brink of some type of bankruptcy reorganization despite the fact that it made a minor debt payment last week and held off&hellip

Read More  FREE SAMPLES