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Radio Moves and Media Quick Takes


Eight days after news of the affair between GMA3 hosts Amy Robach and T.J. Holmes broke, Robach gave (UK's) DailyMail.com an update on their relationship: 'It's kind of over now.' The duo have been 'indefinitely' suspended from the show. Gio Benitez and Stephanie Ramos have anchored the show since Monday...


Jim Stewart, co-founder of Stax Records in Memphis, dies at age 92. During an era of racial strife, white musicians and producers worked alongside Black singers, songwriters and instrumentalists to create the “Memphis sound” embodied by Otis Redding, Isaac Hayes, Booker T. and the M.G.s, Carla and Rufus Thomas, The Staple Singers, Wilson Pickett, Sam & Dave, The Bar-Kays and many others...


They're on STRIKE for at least one day! The New York Times Guild, the union that represents more than 1,000 members at The New York Times is asking readers to not engage in any of the paper's online platforms and stand with them on the digital picket line on Thursday, December 8, 2022. The union and newspaper management were not able to reach agreement on a new contract after 20 months of negotiations...


Bomani Jones who appeared on the 'CNN This Morning' show this week now says, "Nothing I’ve said has spread like my Deion Sanders comments on CNN." He adds, “The only thing in my career that I can think of that has gone as viral as this Deion thing has, is the Donald Sterling thing in 2014.” "Coach Prime" Deion Sanders has announced he is leaving Jackson State for Colorado. He will coach JSU in the Celebration Bowl in Atlanta on December 17, 2022 at Mercedes-Benz Stadium.>Read more...


Charlamagne Tha God and DJ Envy announce The Breakfast Club will add rotating guest hosts until a permanent one is named to replace Angela Yee. >Read more...


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September 5, 2017

"Radio On The Digital Cliff" - The Industry Report Execs Can't Ignore

RADIO ON THE DIGITAL CLIFF: A Study of the Changing Audio Entertainment Paradigm and Radio's Response

New Report Examines Changing Market for Audio Entertainment and Threats to Traditional Broadcast Radio




Highly respected music industry expert, and head of the Steinhardt Music Business Program at New York University, Larry Miller, released a special report today, titled PARADIGM SHIFT: WHY RADIO MUST ADAPT TO THE RISE OF DIGITAL, which details the current state of terrestrial radio in the United States. The report examines the significant business and social challenges faced by one of the country's oldest media sectors. The paper was published this morning on Mr. Miller's website, Musonomics.com, and provides an in-depth analysis of how and why audiences are abandoning radio as their primary source of music discovery and enjoyment and the resulting diminishing economic importance of radio to the music industry.

"Terrestrial radio is facing monumental challenges as streaming continues on its path to becoming the go-to place for current and future generations to enjoy and discover music," says Professor Miller.

"The emergence of new platforms and the corresponding behaviors of Gen Z listeners have reduced radio's relevance to a very important and growing demographic. Advertisers are challenging radio's audience targeting and measurement methods as they seek ways of connecting directly with consumers via mobile telephones and other platforms. Radio is at a crossroads as an industry."


The report also reveals that the rise of digital music services like Apple Music, Spotify and Pandora are causing traditional radio listeners, particularly younger ones (12-24 years old), to flee terrestrial radio on a massive scale. This exodus is creating a dire situation for radio where the format's long-held monopoly as the only audio choice behind the wheel is overthrown by new technology. Additionally, radio's dominance as a promotional vehicle for popular music and as a taste-making platform for new recording artists is being contested like never before.

Among the report's conclusions:


  • New research confirms that Generation Z, who are projected to account for 40% of all consumers in the U.S. by 2020, are showing little interest in traditional media, including radio, having grown up in an on-demand digital environment.



  • AM/FM radio is in the midst of a massive drop off as a music discovery tool by younger generations.

  • By 2020, 75% of new cars are expected to be "connected," breaking radio's monopoly on the car dashboard and relegating AM/FM to just one of a series of audio options behind the wheel.



  • Year over year, radio advertising revenue dropped 4% while digital/mobile spend was up 11% according to Standard Media Index's Q2 2017 report, showing that even in local advertising, radio cannot sustain its dominance.


Notwithstanding the digital radio platform developed by iHeartRADIO, for which the payment of a performance royalty is required, broadcast radio does not pay a sound recording performance royalty to artists and rights owners. Economists have concluded that innovation has stalled out, because, in general, the business remains focused on driving EBITDA through reduced content cost (no sound recording royalty obligation) as a result of government price suppression (to $0) by current public policy.

As a result, radio's importance to music industry revenue is rapidly diminishing. In a business now driven by access to music versus ownership, record labels have shifted their focus to digital platforms to introduce new artists and monetize back catalog.

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The full report can be downloaded for free at musonomics.com.



ABOUT LARRY MILLER In addition to teaching undergraduate and graduate courses in Music Entrepreneurship, Music Analytics, Strategic Marketing and the Business Structure of the Music Industry at New York University, Larry Miller advises music creators and rights holders on public policy and litigation and has provided expert testimony before the Copyright Royalty Board.  Larry has provided commentary on such outlets as CBS, ABC, CNBC, Fox News and National Public Radio, in The Wall Street Journal, New York Times, TIME magazine, Business Week, Financial Times, Los Angeles Times and Billboard. He hosts the music business and economics website Musonomics.com as well as a regular podcast.

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