Streaming Radio Will Overtake Regular Service
New York, NY ---February, 2010
The handwriting is on the wall. According to growth charts for Internet Radio recently released by Bridge Ratings and Research, Internet Radio is quickly closing the gap between the size of it's online audience and that of traditional, "terrestrial" radio.
In any typical week, 60 million Americans listen to some form of Internet radio according
to a new study from Bridge Ratings. They surveyed listeners throughout this past December and January, finding that of those who listen to Internet radio, 84% regularly listen to AM/FM simulcasts while 62% regularly listen to Internet-only streams.
The study predicts more listeners overall for Internet radio in coming years, with Internet-only streams picking up a greater share of those listeners. Specifically, 77 million Americans will listen to Internet radio weekly by 2015. Of that group, 72% will regularly listen to Internet-only audio, Bridge Ratings predicts, while 81% will regularly listen to AM/FM simulcasts. That last number represents a decrease from Bridge’s current findings. The study predicts AM/FM simulcasts’ listenership may peak in 2012, then start declining.
Bridge Ratings’ has much more on their findings here.
Online Radio Audience Doubles
New York, NY --- April 8, 20009
The economy be damned. Online radio is still going strong, according to "Infinite Dial 2009," Arbitron's latest overview of the medium, due out later this week. The news follows a series of deals confirming that whatever happens in the economy at large, online radio is rapidly carving out a niche for itself in the digital landscape.
And it's a sizeable niche. 42 million Americans over the age of 12 listen to Internet Radio during an average week, more than double the 2005 figure of 20 million, and up 27% from 33 million in 2008.
That means online radio currently reaches about 17% of Americans over the age of 12, up from about 8% in 2005 and 13% in 2008. These figures are based on data collected and analyzed by Arbitron and Edison Research.
Recent months have also seen more deals in the online radio arena, as ad networks strive to build reach and improve measurement and accountability for advertisers.
This week, Katz Online Network and Ando Media renewed and expanded their deal for measurement of radio audience. Under the terms of the new deal, data from Ando's measurement platform will be made available, in real time, to all national sales agents who work in digital radio. Overall, the Katz Online Network delivers more than 4 million listeners per week, or 10% of the total online radio audience according to the figures from Arbitron and Edison Research.
In October, Targetspot, another big online radio ad network, acquired Ronning Lipset Radio, creating a combined network of over 1,000 online radio stations, including the Web portals of traditional radio stations. At the time, the network reached more than 6 million listeners a week. Among the merged network's partners are CBS Radio, Yahoo, AOL and Live 365.
These are welcome signs of life amid a steep economic downturn; still, online advertising contributes only a small portion of radio's total revenues. In 2008, off-air revenues including online totaled $1.79 billion, or just 9% of radio's total $19.48 billion. Even worse, the rate of growth in off-air revenues slowed dramatically over the course of the year, with 15% growth in the first quarter dropping to 10% in the second, 5% in the third and 1% in the fourth.
This tally is especially troubling because many traditional radio broadcasters are counting on growing Internet ad revenues to offset declines on the broadcast side. Through March, total radio revenues have declined for 22 months straight.
Courtesy of MEDIA POST.COM.