The radio revenue figures for 2007 are out and the industry is down just 2%. I say just because it could have been a lot worse and it probably will be a lot worse going forward. It seems non-traditional revenue may have helped mitigate some of the damage this time.
Radio is a business that has been on the decline for many years. Consolidation has never really paid dividends (in more ways than one) and the growth of the Internet and failure to attract the next generation has taken its toll.
Most of the executives who were in charge when their companies consolidated are still at the helm today. Their personal wealth is&hellip
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