Wow, when business journalists write about a topic you know about, you can see how wrong they often are… and thus get worried about what you read on every other topic!

The Pandora IPO story over the weekend was a great example. Some well-known, well-respected publications made the following mistakes:

One top business magazine wrote about Pandora’s “$100 million in profits last year,” because they confusing “revenues” with “profits,” which are actually…
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In the Wall Street Journal’s popular “Heard on the Street” section today, on the topic of Amazon’s “Prime” free-shipping program (which we use regularly here at RAIN and AccuRadio), business journalist Martin Peers points out that Amazon’s gross margins have eroded from 24% in 2005 to 22.3% last year. He then writes:

“[Amazon CEO Jeff] Bezos told analysts a few months after Prime’s introduction that he expected it would generate long-term…
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Despite what several industry pundits are saying, I believe that the NAB may be on the brink of a superb deal with musicFIRST regarding performance royalties — with a proposed term sheet that should be ratified by the NAB Joint Board today as expeditiously as possible.

NAB President/CEO Gordon Smith is no doubt correct when he says that if the radio industry doesn’t negotiate something with the music industry, it will have no…
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As we announced in RAIN a few days ago, this year’s RAIN Summit East will be, for the first time ever, an officially co-located event with the RAB/NAB Radio Show… and it’s scheduled for Tuesday afternoon, September 28th, in Washington, DC.

That means, of course, that if you’re making…
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According to comScore, about 20% of your listeners now own smartphones. One implication of this fact is that those listeners could theoretically listen to on-demand streams of your programming during their commutes.

This opens up a plethora of potential new opportunities for you!

One possibility, for example, derives from my long-held observation that morning and afternoon drive air talents (on a music station) are doing a four-hour show, yet your typical listener only tunes in for a half-hour or so of it, which means that a…
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