Wall Street Week/Fortune
Sat Feb 12 09:42:24 EST 2005
> > And you completely reject that premise out of hand?
> > No discussion. It's absolute nonsense?
> Right now it certainly is. They weren't talking about what might be 5 to 10
> years down the road. They were acting like satellite radio is serious
> competition for traditional radio NOW. A discussion of what might happen is
> one thing but they were acting like it has already happened.
If satellite wasn't a threat to the industry, why is the industry
itself now airing it's own anti-satellite scare ads? You know, like
the ones I've heard on Entercom stations?
Satellite is to radio what the MP3/iPod craze is to the recording
industry. MP3 came out of nowhere and blindsided the record companies.
It's a serious threat to their business model. XM and Sirius both went
on the air, what, 3 years ago? And they are now mentioned in the same
breath along with MP3 and iPod. This is a huge threat to the radio
industry. Well, in reality, the biggest threat to radio is radio
itself. Radio will go down trying to save a failed business model,
probably with lawsuits and anti-competitive legislation. Like the way
they are trying to force the FCC to prohibit satellite radio from
providing traffic updates. Same silly games the recording industry
More information about the Boston-Radio-Interest