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View Diary: DING DING DING - Wall Street Rings Loss Of Millions (& Millions) For Limbaugh & Clear Channel (116 comments)

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  •  Actually, in small cities and towns in places like (14+ / 0-)

    the Midwest, AM radio (sans Limbaugh) is doing just fine. So are many local newspapers, bucking the nationwide trend. In my town the local newspaper and radio stations are thriving. People love the immediacy, the simplicity, the local personalities, the local sports and local news that smart local media are serving up.

    •  OK... (1+ / 0-)
      Recommended by:
      elwior

      But how does that benefit a nationally syndicated network?  Yes, AM may have a local niche and be valuable to local owners -but as a national business model?

      'Where free unions and collective bargaining are forbidden, freedom is lost' - Ronald Reagan, Communist

      by RichM on Fri May 03, 2013 at 09:39:32 AM PDT

      [ Parent ]

      •  Clear Channel also has FM stations (4+ / 0-)
        Recommended by:
        JVolvo, SilentBrook, elwior, white blitz

           People like to listen to the radio in their cars, at work, etc.  Radio is not dead yet, nor is its demise imminent.

        Diehard Swingnut, disgruntled Democrat, age 54, new CA-30

        by Zack from the SFV on Fri May 03, 2013 at 11:49:12 AM PDT

        [ Parent ]

        •  Not dead yet (0+ / 0-)

          But definitely evolving.

          As older cars with only radios get replaced by models that can stream music, have satellite radio, and USB ports for iPods/phones, radio will move back to what it originally was - a voice for local news and personalities.

          Because if you want music, you have all you could ask for in other media, at your fingertips. If you want national news/commentary, satellite will fill that niche. And if you want something more specialized, podcasts cover almost every topic.

          But syndicated radio will fade away, that niche filled by other audio streams.

          •  Exactly. I have Music Unlimited (Sony's version (0+ / 0-)

            of Rhapsody) and while it normally costs $10 a month thanks to having PSN Plus (like Xbox Live Gold but for the PS3, and a much better value) I got a years worth for $12.  So I just create a bunch of playlists with whatever I want in them and set them as available for offline listening so they download off of my home wifi connection and I get all the music I can handle (up to 5,000 songs at once, probably more due to software limitations than anything) with no commercials, no data plan usage, and all 100% legal (and if it isn't, then Sony will be the one getting sued and not me).

            You have watched Faux News, now lose 2d10 SAN.

            by Throw The Bums Out on Sat May 04, 2013 at 06:00:48 AM PDT

            [ Parent ]

      •  All media is local (4+ / 0-)
        Recommended by:
        RichM, SilentBrook, elwior, mmacdDE

        There was no real business case to be made for syndicated programming beyond national & world news.  It's just cheaper, much cheaper because you can cut local staffing to the bone.  In the end, the debt load from paying more & more to buy stations, and ad revenue loss to new competition will catch up to you.

        Lather, rinse and repeat for most media conglomerates.  By the time Bain catches you, increases your debt yet again, you're a dead man walking.

    •  I wonder (1+ / 0-)
      Recommended by:
      elwior

      how much of the programming is truly local, and how much can survive the coming wave of kids that don't know AM from FM from satellite from internet, internet connected cars are coming soon...

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