The purpose of this report is to help each teammate to gain the knowledge deeply about the history, current state, and future outlook of the radio industry to come up with several effective recommendations in the future assignments to deal with the emergent situation-bankruptcy that Cumulus Media is facing. In regard to the history of the radio industry, it has a rich history and strong foundation. Even though the industry had met many issues in the past, such as the deregulation by the Reagan administration, generally it had grown pretty well, especially during 1952 to 2002. Nevertheless, with the development of technology, the flourishing situation in the radio industry has been changed. In regard to the current states of the radio
As soon as one area thrived, all three areas (entertainment, sports, and radio) benefited. The radio especially turned the entire United States towards a new age of communication never seen before by mankind. What once took days or even weeks to deliver, now took the citizens only moments to receive the news as it broke. The radio not only improved the time frame of converting news, but created many new entertainment opportunities.
This report is looking into the organization JB Hi-Fi the vision, mission, values and challenges facing the organization, while identifying and analyzing the business. It will also feature a SWOT report followed by and over view of the organizations issues. Lastly the report will look into current and ongoing HR issues within the organization.
In an article entitled “NPR Chief Faces Need for Repairs” by Elizabeth Jensen we are introduced to the views of the president/chief executive of NPR Gary E. Knell. Knell is described as “He always has a vision of what he thinks the company should be. And he has a dynamic personality, very dynamic. He’s a super salesman. He represented a radio broadcaster looks to expand in the digital arena...” (Jensen 4). These are the qualities that are needed for NPR to be successful in these changing times. NPR needs to expand into the digital arena. It gets a substantial chunk of its money from dues from member stations. This creates a problem that makes it slightly difficult for them to transition to the digital arena, because the more they
Peoples, Glenn. "Business Matters: How Good Is SiriusXM's Business Model? It's Raising Its Price Again." Billboard. 24 Oct. 2013. Web. 26 June 2015. .
This is also the time that new innovations have arisen. There are many inventions that are being created such as the telephone or the airplane, but the ones that take the spotlight are the radio and the automobile.
Whether it was advertising, communication, broadcasting or anything of that nature it happened one one of those platforms. Growing up he told me that he would always read the sports articles in the newspaper and watch the news on TV. The radio was always playing in his car, and if he wanted to link up with friends he would call them from home and decide on a place and time to meet. These are some of the things that he said have not changed all that much today. There are still comics in the newspaper, and the weather is still on every day. Besides the quality of sound and portability, phone calls are still very similar to how they were back then. Ronny told me everything is just becoming more portable yet efficient, but maintaining the same concepts. Consider a radio from his time, and one nowadays. Significantly different in size but serves the same purpose and is still used all around the world today. Though these platforms of media are still in use, the way they are used has truly made the difference in
Nevertheless, people were able to recover quickly and still enjoy the positive side of the radio for entertainment purposes. The radio was very successful and very popular during the 1920’s because it was able to provide people with a new entertainment experience.
I choose Cumulus Media, Inc. as a strong competitor because they have the domain of a lot of radio stations. They are the second radio station ownership group in United States. They owned and operates more than 460 stations in 90 markets in the country. Cumulus has created group of stations that acknowledge cost reserve funds through shared managerial and deals
By 1923, 60 percent of American families had purchased a radio. Today you will learn how the radio first came to be by Frank Conrad, then you will read how advertising starting to change and what it is today compared to before the radio, then I will discuss about the many different types of programs
As the number of homes with radios rapidly increased from 60,000 to 10 million in 1929, the airwaves flies across Americans and news and entertainment started to be huge in the 1920’s. The business of radio is simple and supports the growing consumer culture. Local radio stations affiliated themselves with national networks, such as NBC and CBS, which provides programming by companies who bought air time for their
Perhaps an even greater example of technology’s influence on the music industry is told with the
In 2000, Radio One, Inc. sees strategic opportunity in the opportunity to grow through acquisition, following a Clear Channel divestiture mandated by the FCC. The divestiture poses the opportunity to Radio One to acquire twelve (12) urban stations that are in the top 50 African American markets in the U.S. Even though the company saw tremendous growth through acquisition over the prior decade, this unique situation has the potential to generate significant shareholder value and further increase market dominance. If they choose to acquire these 12 channels, along with 9 other stations in a separate acquisition, it would double the size of Radio One and give it a national presence in the largest African American markets.
a. Target Organization. I plan to conduct a strategic analysis on Sirius XM, Inc. I do not have direct access to this company; however, I submitted a letter to the Executive Vice President and Chief Administrative Officer, Dara Altman, requesting access to requested information and data that may not otherwise be available. I will use information from the Sirius XM website, the U.S. Securities and Exchange (SEC) 10-K and associated reports for Sirius XM. I also plan to research as much relevant information as possible from peer-reviewed journals and other valid periodicals through the Capella University
BBC Radio one firstly lunched in the year 1960’s. It more likely appears that their audience are young target market. which seems that they only concentrate on the young target in the market. Forty percent of the audience age 15-29. The reason of BBC Radio one achievement’s is because of the aim and cognizance for the young target audience (BBC trust music radio service review, 2015).
However, the industry confronts with the hugely powerful threats from many different kinds of communication media in New Zealand, including television, radio, newspapers , magazines, films and websites, and etc. Adequate substitutes are available which increase competition in the radio industry. Moreover, Each method has its own pros and cons. For example, Sky TV impresses the audience both with sound and images. Unfortunately, it is unavailable for advertising because audiences pay for the programs. Then what can we do to make the radio outstanding?