There is quite a controversy building around whether CBS-owned Last.fm is an eventual replacement for terrestrial radio.
The Motley Fool investors publication says Last.fm could mean the end of radio.
Kurt Hanson, who I respect more on these issues, says wait one minute -- Last.fm isn't even radio.
It's an interesting prospect either way. To bring you up to date the four major record labels have cut a deal with Last.fm to get a penny or so for every time a young consumer goes to Last.fm and requests a song. Hanson points out, "Going to a website and saying
- Audacy’s Troubled Bankruptcy Talks
- The Fix is in for Radio Boards of Directors
- A Surprising Winner in Post-Pandemic Radio Revenue
- Radio’s Cash Infusion Secrets
- One Side Ready to Blink in Audacy Bankruptcy
- What if Audacy Employees Threaten to Leave Unless Board Quits
- Unraveling at Urban One
- iHeart Trade/Barter Secrets
- New Cash Crisis at Audacy
- What iHeart Is Covering Up