For Youth, Texting Is the New Radio

Have you noticed what young consumers are doing with their cell phones?

If you're a baby boomer or Gen Xer, your cell phone could be in your pocket or briefcase until you need it.

But Millennials hold their phones in the palm of their hands -- all the time. Ready to send and receive text messages and stay connected with their social circle.

Look around. You'll see.

Understanding the importance of this is major if you're in the music or media business.

We know that cell phones are probably the single most important device to the next generation.

Even more critical than an iPod.

Certainly more&hellip