US radio is still insanely profitable, turning over around $13bn in revenues in 2023. For context, US podcast revenues were forecast to be about $2bn.
The main problem in recent years has been insane debt levels caused by all the consolidation that just couldn't be serviced. Everyone biting off way more than they could chew. The underlying business of radio is still perfectly viable commercially. So although broadcast radio may be in long-term decline, like broadcast television, and owners might indeed be playing the same six songs over and over, but they still have audiences... That's a creative issue. Also, a bit like streaming TV services mostly just lose money, Spotify only just about washes its face. We seem to have moved into an era where the new services replacing the old, are not remotely as profitable as the outgoing business models... Adam On Sun, Jan 7, 2024 at 6:12 PM Kevin M. <[email protected]> wrote: > Turns out listeners might want to hear more than the same six songs plays > over and over. Go figure. > > > https://www.hollywoodreporter.com/business/business-news/audacy-kroq-wfan-files-bankruptcy-1235781045/amp/ > > > Kevin M. (RPCV) > > > -- > You received this message because you are subscribed to the Google Groups > "TVorNotTV" group. > To unsubscribe from this group and stop receiving emails from it, send an > email to [email protected]. > To view this discussion on the web visit > https://groups.google.com/d/msgid/tvornottv/CAKgmY4DegusMweHgc0HaDB%2BDV7M5t7tNa6eoQ1%2B8F2-Nm-87UA%40mail.gmail.com > <https://groups.google.com/d/msgid/tvornottv/CAKgmY4DegusMweHgc0HaDB%2BDV7M5t7tNa6eoQ1%2B8F2-Nm-87UA%40mail.gmail.com?utm_medium=email&utm_source=footer> > . > -- You received this message because you are subscribed to the Google Groups "TVorNotTV" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/tvornottv/CAD_sJGBNCwQWz3-pATX8ESkXi_%2B2BbWWV%3D-E01Wv-7BakUtzdA%40mail.gmail.com.
