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Article: Music Radio Stations Hard Hit by Personal Digital Music Revolution.
- Article from:
- PR Newswire
- Article date:
- June 7, 2005
CopyrightCOPYRIGHT 2005 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ORADELL, N.J., June 7 /PRNewswire/ -- Music radio stations are facing increasingly powerful competition from the modern music culture says a newly published study by TechnoMetrica Market Intelligence. And what's more, listener bases are changing, and not for the better.
"Listener bases appear to be shrinking," says Constantine Kambanis, an analyst at TechnoMetrica. "Moreover, they may be losing some of their financial value, with perhaps the most economically important listeners leaving radio for the modern music experience."
According to Kambanis, the synergy between digital music formats, portable digital music players, personal computers and the ...