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Nationwide by Metro Networks will affect the Salt Lake market
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The only real advantage terrestrial radio has over most newer forms of media is its localism. Sacrificing that one unique selling point in pursuit of short-term profits is akin to killing the proverbial golden-egg-laying goose. The Wall Street ownership model, with its emphasis on quarterly results above all else, simply does not work for radio.
When will those in charge of terrestrial radio realize their only real advantage anymore is localism? To sacrifice that in pursuit of short-term profits is to kill the proverbial golden-egg-laying goose. The Wall Street ownership model, with its emphasis on quarterly results to the exclusion of all else, just does not work for radio.