Cramer on Radio
Harve Alan, has posted the video of Jim Cramer commenting on the business of radio this week on Wall Street Confidential on TheStreet.com.
From the opening introduction by host Farnoosh Torabi, including the words “Radio…maybe a dying medium” to Cramer’s defining, comment of “Radio is over as we know it.” Clearly, this is not a PR video from the NAB. However, it is completely true. What Cramer says in this video is exactly what is going on.
1.When you decide that all that matters is great cash flow, and cash flow starts to go down, then you don’t have anything.
2.Once XM and Sirius team up then there will be a uniform satellite service and will be in every car.
3.Cars are what radio is about. (At least for the last 30 years)
4.People who own radio talk a big game (Nothing wrong with that, gang. It’s show biz.)
And the big enchilada…
5. Radio is finished, as we know it!
H/T to Phil Wilson at remaincomm
posted by Pat Campbell @ 11:09 AM
2 comments
2 Comments:
AM radio nearly died at the end of the 1980's. Then came Rush Limbaugh, love him or not, he revived AM radio which in the '50's and 60's served as play for the top 40 hits. Then came FM radio which took over for various genres of music. Since Limbaugh, scores of copy cat conservatives landed shows. Some are only out there for the gig (like Dennis Miller- he used to liberal but found a job in radio) while others believe in what they are doing. Some are entertainers, some are out and out wack jobs- Michael Savage. Now XM and Sirus have taken over the mantle. AM radio despite HD AM or whatever they call it may be on the verge of dying again. Who will save it this time? With the Democrats likely to take Congress and the White House, the "Fairness Doctrine" may be re-introduced. This will either kill AM radio as we have come to know it or make for some new and interesting radio. With all right wing radio sounding the same and becoming increasingly boring, perhaps it is time for a change.
The Fairness Doctrine may actually be a good thing. Have 2 hosts to battle it out with guests both expressing opposite views. It could be very interesting. Yes, AM radio has become really boring.
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