Jay Williams, Jr.
The Future of Radio
The cliché, “The future's just not what it used to be,” applied to radio, is also true. The radio industry is experiencing wrenching structural upheaval, sea changes in operating philosophies, painful personnel layoffs, plunging revenues and business valuations, and uncertainty about its future. But this 85-year-old medium has been counted out before, and it came back stronger than ever.
Radio, Marconi's invention that magically reproduced sound from thin air, was an instant success. From the early 1920s, families gathered around the large consoles to hear drama, news, ...