Radio’s New 80/20 Rule

While I was back in New Jersey I almost forgot how great it was to pull into a gas station and have an attendant pump the gas.

In fact, while I was at the Jersey shore, I saw t-shirts that said, "Jersey Girls Don't Pump Gas".

It got me to thinking how radio stations are becoming like gas stations in many ways.

The petroleum industry made a big deal out of how much money consumers could save by pumping their own gas and yet in the state of New Jersey, where law prohibits individuals from pumping their own -- prices have been among the lowest in the entire United States (see chart