Are radio group executives underestimating the influence - or the threat - of other digital media, including satellite radio, iPods and wireless broadband technologies?
I'll give you a mixed answer. Radio has faced many challenges before, from television, 8-tracks, CDs, cell phones and even FM replacing AM. Each time, radio has adapted, changed and thrived. This is a great business; the margins and the cash flow this industry generates aren't seen very often in the business world - at least, not outside something like Tony Soprano's business. On the other hand, you'd have to be living under a rock to not believe that these new media somehow are going to change the way we do business. It is not just satellite radio; it's iPods, it's MP3s, it's the Internet, it's gaming and the whole proliferation and fragmentation of media.
(entrevista a Robert Struble, president, CEO and chairman of the iBiquity Corporation, iBiquity's Robert Struble: If You Aren't Thinking Digital, You're Smokin' Dope (04/11/05), by Reed Bunzel)
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