Lew Dickey Sees An Upside For Broadcasters On The Net
Still Not A Pandora Fan
September 20, 2011 at 3:51 AM (PT)
YESTERDAY (NET NEWS 9/19), ALL ACCESS reported that in an interview with CNBC, CUMULUS Chairman/CEO LEW DICKEY dismissed the concept that radio will suffer at the hands of new technologies and services, such as PANDORA and iHEARTRADIO, calling them "overblown."
DICKEY read the ALL ACCESS story, and reached out to expand and clarify on the interview.
"While I don't believe PANDORA has a viable standalone business model, I do believe that it makes sense for a large broadcaster like CLEAR CHANNEL to leverage its fixed-cost base to extend their brands and alternative or personalized listener experiences. Furthermore, I think it will be difficult for companies like PANDORA to compete successfully over the long term with large broadcasters with scale who invest in this space."