Radio Is Being PUNKǃ

Lew Dickey can fool the radio industry into thinking he can buy Citadel or Lincoln Financial, but apparently he can

Radio’s New Contesting Conundrum

The recession must officially be over.

CBS is bringing back contesting to its radio stations in 35 cities nationwide. That's a luxury radio operators could not afford when advertising sales were tanking.

Unfortunately, the contesting that is coming back is national in scope. That is -- listeners in 35 markets are competing for the same prizes. In the CBS example, $250,000 in prizes.

Clear Channel underwhelmed the industry before the recession by engineering national contests and I'm not so sure they weren't a little bit sneaky about the fact that local listeners were competing with listeners in other Clear Channel&hellip

The Four Seasons of Media Consolidation

Some of my readers have suggested workarounds to the Ticketmaster/Live Nation monopoly that I wrote about yesterday.

You know, the one that promises higher prices for concert ticket buyers.

The Grateful Dead concept of selling directly to fans.

The growth of entrepreneurial businesses that barter tickets in a fair marketplace like Brown Paper Tickets.

Others suggested Amazon or even iTunes as alternatives to Ticketmaster someday.

There is no shortage of good ideas when those ideas come from people who actually know what they are talking about, but the way our&hellip

The Dead Nation/Ticketmaster Merger

You've got to read the article in yesterday's Sunday New York Times Business section on Irving Azoff and his consolidated Live Nation and Ticketmaster concert venue monopoly.

If you want to see once more what is wrong with the music industry, go right ahead. I just got angrier as I worked my way through the article.

I know you find more snakes in the music business than you do the Amazon rain forest, but the arrogance of these two companies is what burns me up.

Their business model is built on greed not innovation and greed will work while you&hellip

Peter Drucker vs. Radio

My long-time friend, John Parikhal, was interviewed five years ago by Steve Rivers regarding the future of radio.

A number of years prior, I asked Parikhal to interview management guru Peter Drucker when he was a featured speaker at one of my management seminars. John was a long time Drucker fan because of his track record of brilliantly seeing the future.

I share this because in his Steve Rivers interview -- well before the current recession -- John believed what was about to happen to radio was predictable.

And it wasn't the economy that was&hellip

The Radio Royalty Solution

House Speaker Nancy Pelosi has recently come out in favor of repealing radio's performance tax exemption.

No matter what you may personally think of Pelosi, she is very powerful and that delicate standoff in the House that slightly favors radio retaining its exemption is now in jeopardy.

I'll go a little further.

It's only a matter of a short time before radio will be paying more money to artists in addition to the fees it already pays ASCAP, BMI and SESAC without the current free pass.

As I've said many times before, this is unfortunate. The radio industry is single-handedly responsible for many decades of&hellip

Appleǃ

Apple has been making a lot of news lately that will have more of an impact on traditional media perhaps than it will even on the consumer electronics industry.

That is saying a lot about a company that last night reported record quarterly earnings.

But this morning I thought I would share with you some signs that I am seeing that this giant hardware/software/everywhere company is encroaching on some sacred ground -- charging media companies to purvey content to consumers.

Unfortunately even smart media executives don

Radio Executive Compensation Gone Wild

If you've been getting that nagging feeling that the Goldman Sachs fraud controversy hits a little too close to home, then we're on the same page.

Goldman is being accused by the SEC of shorting the middle class by selling products that they allegedly not only knew were bad investments but by betting against the products they sold at the same time.

I understand that there are a lot of political repercussions to the Goldman story but the shorting of our own radio industry has happened by similar investment banks that have done damage to shareholders, employees, listeners and advertisers.

Radio industry CEOs are licking&hellip

iTunes “Radio” Is Coming

"Radio" is coming to Apple.

Unfortunately for terrestrial radio it will not necessarily be their existing radio stations.

Apple CEO Steve Jobs is way ahead of the curve on this. It has confounded the broadcast industry that Apple offers just about everything on its mobile devices but a radio tuner.

I know that iPod and iPad users can access radio using third party apps. Apps arguably saved Pandora's franchise. Still there is no direct link to Pandora on these popular devices. Yet Apple seems to consider radio not an essential part of what it is doing.

The Apple Nano has an FM Tuner on board and in spite of&hellip