Image Source: Pandora
Structure of the Broadcasting (Radio) Industry
Firms in the broadcasting (radio) industry provide satellite radio services, Internet radio services, and operate commercial radio stations. Constituents compete for both listeners and advertisers. Satellite radio providers generate revenue via subscription fees, primarily distribute radios through the sale/lease of new automobiles, and face competition from free traditional AM/FM radio and online-only providers, which make digital streams available through the Internet for free. The industry is characterized by rapid change, and competition will keep any outsize profits to a minimum. We don’t like the structure of the group.
We’ve dropped coverage of this industry. Our final piece can be found here.
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