"You must be the change you wish to see in the world." – Mahatma Gandhi
"We are the change that we seek." – Barack Obama
Two different philosophers, decades apart. Same message.
If we keep waiting for our industry to change for the better, we're going to be waiting a long time. The traditional leadership that always moved the needle in the right direction is struggling to redefine their own businesses.
Cases in point: Mel Karmazin and Sam Zell
Both are brilliant, wealthy businessmen who have set the financial tone in media for decades. Now each is struggling to get their heads around the direction of their respective companies. For Karmazin, the promise of satellite radio has been trumped by new media, and a business plan that – by definition – is simply limited in scope. For Zell, all of the exciting new staffers and energy couldn't transform a tired, failing industry. And yet, hundreds of traditional radio employees ran to both Sirius (XM) and Tribune in the hope that both patriarchs would have the magic pill that would guarantee media success in the new millennium.
It's not going to happen, because in this movie, change has become democratized and individualized. Small companies, little research and consulting firms, and smart individuals can now have as much impact as "the bigs," provided they are taking risks.
How else do you explain SBR's streaming radio channels? Or Edison's "30 Under 30?" Or Kurt Hanson's ongoing streaming initiatives? Alan Burns' "Movin'" format? Coleman's PPM research? Media Monitors' PPM analysis tool? Ruth Presslaff's innovative email database program? And yes, our iPhone app. By a long shot, this isn't the definitive list, but it gives you a good sense of how many "little guys" are out there doing big things.
This time around, change isn't likely to occur from the biggest consolidated companies, all of which are struggling with debt, while reaping few benefits from "the economy of scale." This time around, it may be up to the rank and file – perhaps led by some of the currently unemployed broadcasters out there with an idea of how to transform an industry that needs help.
- Radio, It Oughta Be A Crime - November 25, 2024
- Baby, Please Don’t Go - November 22, 2024
- Why Radio Needs To Stop Chasing The Puck - November 21, 2024
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