Are there similarities in the challenges they face in the Web 2.0 world with radio?
The business models of all traditional media are being incredibly disrupted by the internet. The key difference between newspaper and radio is that print creates a ton of unique content. This is a huge advantage at the local level. Radio will need to really step up in this area. Newspapers, at this point, are the most advanced because they saw their business being affected by the web as early as ten years ago. They got serious soon thereafter. Now many newspapers are offering audio and video to their text based stories. They are in a very good position to be the leading online destination for local news and information: whether it’s text, photos, online radio/podcasting, or video. TV woke up last year. Radio is making aggressive moves in this area as well now, and be even more enthusiastic about shifting online in a serious way. The reality is that the broadcast companies have been living large with strong growth in cash flow up until recently. Now they are experiencing negative growth
