Kurt Hanson's blog

Great Moments in Business Journalism VXIII -- Pandora version ·Feb 14, 10:50 AM Posted by: Michael Schmitt Wow, when busines

Wow, when business journalists write about a topic you know about, you can see how wrong they often are… and thus get worried about what you read on every other topic!

The Pandora IPO story over the weekend was a great example. Some well-known, well-respected publications made the following mistakes:

Great Moments in Business Journalism XVII

In the Wall Street Journal’s popular “Heard on the Street” section today, on the topic of Amazon’s “Prime” free-shipping program (which we use regularly here at RAIN and AccuRadio), business journalist Martin Peers points out that Amazon’s gross margins have eroded from 24% in 2005 to 22.3% last year. He then writes:

NAB is negotiating a VERY FAIR deal with musicFIRST

Despite what several industry pundits are saying, I believe that the NAB may be on the brink of a superb deal with musicFIRST regarding performance royalties — with a proposed term sheet that should be ratified by the NAB Joint Board today as expeditiously as possible.

Simulcasts aren't working

One of the big insights about Internet radio in recent weeks — triggered by an analysis by Bridge Ratings last month and reinforced in sessions at RAIN Summit East last week — is that while Internet radio listening is growing at a fast pace, the audiences for streams that are simulcasts of terrestrial radio stations, according to Webcast Metrics, appear to be flat to declining.

Book your TUESDAY travel to Washington, DC!

As we announced in RAIN a few days ago, this year’s RAIN Summit East will be, for the first time ever, an officially co-located event with the RAB/NAB Radio Show… and it’s scheduled for Tuesday afternoon, September 28th, in Washington, DC.

Want to experiment with a new approach to drive times?

According to comScore, about 20% of your listeners now own smartphones. One implication of this fact is that those listeners could theoretically listen to on-demand streams of your programming during their commutes.

This opens up a plethora of potential new opportunities for you!

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