iHeartradio-Firings-Bankrupt-Media-Future-Bob Davis Podcast 893

iHeartradio-Firings-Bankrupt-Media-Future-Bob Davis Podcast 893

Radio Talk

I don’t always talk about radio in my podcasts these days. However when something most noteworthy happens, I do. Learn more in iHeartradio-Firings-Bankrupt-Media-Future-Bob Davis Podcast 893.

Displacements Or Firings?

Recently the biggest radio company in the United States unexpectedly announced it was firing over a thousand employees. Especially relevant is the fact that the company used such obtuse language in its press releases, it confused news writers and listeners.

You Got A Future?

Moreover this event has kicked off a lot of discussions about the ‘future of radio‘ in this country. In addition suddenly all my friends and clients are asking me to comment.

Not much

First of all, radio doesn’t have much of a future. At least not as we have known it. I’ll tell you why in iHeartradio-Firings-Bankrupt-Media-Future-Bob Davis Podcast 893 and in a recent podcast I did about the history of top forty radio. You can find it here.

Content Creators Struggle Too

Furthermore all not rosy in the digital media world either.

It’s All About Revenue

While it seems like everyone who has ever worked in the radio business has an opinion about how iHeart ‘screwed up’, the bottom line is revenue. An industry that scaled to a certain point based on the old business model, simply can’t support that scale anymore.

Digital Marketing

In contrast various forms of digital marketing are all the rage, sucking all the revenue from ‘traditional’ forms of advertising as well as media production. Digital platforms are producing huge numbers while we haven’t quite figured out how to monetize individual content creators very well yet.

Disruptive Technologies Rule

Finally we’re living through an extraordinary moment in history. Due to disruptive technologies we’ve seen more traditional businesses destroyed and whole industries laid to waste. Broadcast radio and television are just two of them.

Tower of Babel

Even more, considering the tower of babel that is American Corporate Business Speak, I wonder how well other industries and businesses are actually doing.

On The Beach

In conclusion it’s tough to lose your job no matter what you do. Because of the realities in radio these days, I am afraid there will be many more people on the beach.

Sponsored by Reliafund Payment Processors

iHeartradio-Firings-Bankrupt-Media-Future-Bob Davis Podcast 893

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Podcast 333

Licensing Yoga Instructors? Updates to start the week out right. This is the day Wisconsin Governor Scott Walker will sign the state’s Right To Work law, making Wisconsin the 26th state to do so. Is Wisconsin so different from Minnesota? A University Professor says they didn’t used to be, but now that they advocate laws like ACT 10 and Right To Work they are. Fact is, Wisconsin has always been more industrial than Minnesota and was settled by people from different parts of Europe. Moreover, Wisconsin’s industrial base is a little older than Minnesota’s. Is it possible Wisconsin is facing the fall out from too much regulation and choking demands from unions in the public and private sector a decade or so sooner than Minnesota? With Target, and now General Mills laying off people, and businesses considering the Badger state’s friendlier attitude toward business, things might not be as rosy in the Land of Ten Thousand Lakes as some think. While Wisconsin’s Assembly and Governor address these kinds of problems, Minnesota’s legislature is playing small ball, trying to break up the Minneapolis School District and brokering peace between warring DFL leaders. Is Minnesota too passive-aggressive to actually have the discussion about what is best for the future of the state, between progressives and conservatives? And in Colorado, the state legislature is considering requiring yoga instructors to be licensed, introducing higher costs and more regulation. The sponsors? A publicly traded company with lots of studios called ‘CorePowerYoga’. Suddenly crony capitalism wears Yoga Pants. In Minneapolis are you ready to pay for yet another Stadium. Rich Guy Bill McGuire and his rich friends including the Pohlads and Glen Taylor want the hard working tax payers of the state of Minnesota to foot the bill for a professional soccer team. And the artist responsible for all that triumphal Red Guard Propaganda in China during the Cultural Revolution, a man who flourished while others were being oppressed, will be painting the official portrait of Pope Francis. Wonder if the Pope will be wearing a green hat with a red star on it? He should. Sponsored by Complete Basement Systems. 

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