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Tuesday, December, 23, 2008 by Mel Phillips.
There are two streaks featuring the number 19 - one is a winning streak - the other, a losing streak. The losing streak belongs to radio. For 19 straight months, radio revenue has declined, the 19th month - November, not only declined, it tanked. The overall revenue loss was 20% compared to November, 2007. The winning streak belongs to the Boston Celtics who will reach 19 consecutive wins with a win over Philadelphia tonight. The Celts have already tied a franchise record for wins. The NBA record for consecutive wins is 33, set by the Los Angeles Lakers in 1971-72. The Celtics could break that record on January 21, 2009 should they keep their streak alive. The radio losing streak is unprecedented. While there’s no official stat documenting radio losing streaks, this one will set an unofficial record that may never be equalled…
The radio revenue numbers for November were appalling. Local was down 21%, national was down 24% and even off-air revenue, which had increases as high as 18% in March, was up barely at 1%. Local and national revenue was based on about 100 markets reporting by the accounting firm of Miller Kaplan Arase & Company…
November’s loss was double that of October and looking ahead, Q4 will be down as a result. BIA Advisory Services forecast radio revenue would hit a 5-year low in 2008 with a negative 7% growth rate and 2009 is expected to be down 10%. The next gain? Try 2010 with a modest 1.5%. The losing streak could break the Lakers streak of 33 in a row…
10 Timeline Memories:
Music Memories:
Commentary:
Rich Totoian reports the death of longtime artist manager Bud Prager. Bud is survived by his wife Gloria and son Evan. For more information on Bud’s passing, call Jeb Stewart Bullock at ESP Management: 212.765.8450. Emails can be sent to espmgt@aol.com Condolence cards may be sent to: ESP Mgmt., Box 505, Millwood, NY 10546. Prager was involved with many name acts, including Bad Company, Cream and Foreigner…
“Happy Birthday…happy birthday”:
Eddie Vedder (44), Les Moonves (60), Susan Lucci (62), Wesley Clark (64), Harry Shearer (65), Jerry Koosman (66) and Paul Hornung (73)…
Timeline Countdown: Happy Hanukah, 2 shopping days until Christmas, 8 nights until New Year’s Eve and 11 days until the NFL Wild Card round of playoffs…
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