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'Radio as a whole failed to adapt and invest in the future when it needed to. That has now come back to hurt it.'

Perceptive comments from RadioInsight's Lance Venta about the failures of consolidation in the radio industry in the US (with a passing mention about similar situations in Canada and the UK). Venta's comments are in response to a recent speech by the president and CEO of the National Association of Broadcasters.

Most of my time in radio predated the mid '90s consolidation, which was driven by legal changes that dramatically reduced the limits on station ownership that had been in place in the US for decades. While I may occasionally wax nostalgic about those days, I am absolutely convinced the talent — to say nothing of community engagement — when radio stations were mostly locally or regionally owned was vastly superior to what can be found on broadcast stations today.

#radio #NAB

radioinsight.com/blogs/295033/

Radioinsight.com · More Consolidation Is Not The Answer to Poor Business DecisionsBy Lance Venta