The first quarter of 2011 wasn't so hot for radio but optimism is filtering in from Wall Street about Q2. U.S. blue chips opened the second quarter Friday by reaching their highest level since June 2008 as investor optimism rose after an upbeat U.S. employment report. Wall Street watchers are optimistic as the Dow Jones industrial average climbed above the 12,400 mark on views the U.S. economy is on a solid recovery track, car sales are up and analysts say the data signals that recovery in the world's largest economy remained firmly on track, according to Forex Yard. Market Watch reports that the market should continue to rise for the rest of the year, although the pace of gains may slow. Radio is hoping that Wall Street optimism rubs off...
When asked by All Access recently where radio's growth will come from, James Boyle, Wall Street analyst believes that "Radio stations have a chance to be a mature media that has positive, diversified revenue, and improving or stable margin prospects rather than the mature Newspaper industry, which continues to hemorrhage revenue, lose margins and readers. Of the three big mature media - Newspaper, TV and Radio - Radio should want to look a lot more like TV than newspapers. It is long past time to diversify radio revenue from solely advertising." Boyle also sees radio experimenting with coupon or Groupon type promotions with local merchants so they can "take advantage of radio's experience in simulating more sales traffic, than first-time sellers from a competing online coupon service." ...
Radio's continuing state of flux needs a good second quarter. It doesn't have to blow the doors off, it just has to be good - an improvement over Q1. Radio is hoping they get one...
1.1818] Twenty down-30 to go: Congress decides the U.S. flag should consist of 13 red & white stripes and 20 stars, with a new star to be added for every new state...
2.1902] All roads lead to Oxford: British financier Cecil Rhodes leaves $10 million in his will to provide scholarships at Oxford University in England...
3.1949] Call it NATO: Twelve nations, including the United States, signs the North Atlantic Treaty...
4.1968] MLK gunned down: Martin Luther King Jr. is gunned down while standing on the balcony outside his room at the Lorraine Motel in Memphis...
5.1974] Henry ties it up: Hank Aaron of the Atlanta Braves ties Babe Ruth's career home run record by hitting his 714th HR in Cincinnati...
6.1983] Jimmy V scores: North Carolina State are the champions of the NCAA with a stunning upset of mighty Houston, 54-52. Coach Valvano looks for someone to hug at the buzzer...
7.1991] Tragedy in PA: Sen. John Heinz (R-Penn) & 6 others are killed when a helicopter collides with Heinz's plane over a schoolyard in Merion...
8.1999] Bueno, Si?: The Colorado Rockies beat the San Diego Padres 8-2 in baseball's first season opener held in Mexico...
9.2001] Nomo No-No: Red Sox pitcher Hideo Nomo no-hits Baltimore to become only the 4th MLB pitcher to pitch no-hitters in both leagues...
10.2007] Nappy-headed I-man: Don Imus makes offensive on-air remarks about the Rutgers women's basketball team. Despite a subsequent apology, Imus is fired by CBS Radio & MSNBC...
Music Memories:
- 1960] Recorded on this date: "Are You Lonesome Tonight" - Elvis Presley...
- 1963] Number One on the radio: "He's So Fine" - Chiffons...1973] "The Night The Lights Went Out in Georgia" - Vicki Lawrence...
- 1964] Top 5 on the charts: 1) "Can't Buy Me Love", 2) "Twist and Shout", 3) "She Loves You", 4) "I Want To Hold Your Hand" and 5) "Please, Please Me"...all by The Beatles...
The IBS Spring Palooza is scheduled for Friday, April 22 and Saturday, April 23. IBS Palooza is a weekend of local, live music on member stations of the IBS Student Radio Network. For additional information, email George Capalbo at Backbone (gcapalbo@backbone.com) or Steve Theo of Pirate! Promotions (steve@piratepirate.com...
"Happy Birthday...happy birthday": David Blaine (38), Robert Downey Jr. (46), David E. Kelley (55), John Hannah (60), Christine Lahti (61), Craig T. Nelson (67), Hugh Masekela (72), Clive Davis (79) and Maya Angelou (83)...
Timeline Countdown: The NCAA Championship game is tonight, 15 days until Passover, 21 days until Easter, 33 days until the Kentucky Derby & 34 days until Mother's Day...
