Radio and Department Stores in Parallel Universes


Recently, there was news of significant layoffs and major restructuring at a number of radio conglomerates (Clear Channel, CBS, Emmis) and the leader in department stores, Macy’s. There is a connection because both business models are dinosaurs in this modern age.

Radio listenership is flat, thanks to competing modes of audio content delivery (satellite, Web, mobile/personal devices). Department stores have been whacked by the “big box” stores, who boast lower prices and larger selections.

Once people adopt a new way of conducting business, they don’t go back. “Old school” businesses begin cutting back to make ends meet. At some point, they can’t cut anymore, and they’ll go out of business.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s