Link to article.
Haven't even finished reading it yet, but (a) I've got to get to work, and (b) everyone else interested in radio is linking to it, so I might as well too. Will comment on its contents later.
Later comment: Here's the key quote from the article:
"... we still made more money before lunch today than Pandora has made in its entire history.”Yes, that does sum things up nicely. Now if the terrestrial radio industry will start working on improving content, they'll do fine. It does kind of whiff of the U.S. auto industry circa 1971 though. Things are still profitable, and there's time and capital to turn this ship around, but they'd better get their butts to work.