Internet Radio Failing to Find Support?
K Fox asks: "WOXY, one of the Internet's larger radio stations, has announced that it will soon implement a monthly subscription fee, to support operations. When the Cincinnati based station went from terrestrial broadcast 97.7 to Internet only, they vowed to keep their streams free to listers. Now, they are saying that increased broadcast taxes, falling advertising revenue, and the overall uncertainty in the market (local or global?) has pushed them to change their business model. Is this a sign of things to come for the other radio stations, that broadcast over the Internet? Will digital music distribution fall solely to giants like XM and iTunes?"
Neither XM nor Sirius are making any money yet so 'surviving as well as they do' doesn't mean much.
I subscribe to Sirius and I'm happy with it. I always hear the argument "why pay to have some stranger play a bunch of songs that he/she selected when you can load playlists on your ipod and play what you like to hear"
The reality is that I hear lots of new music on Sirius that I wouldn't be exposed to if I didn't subscribe. Streaming audio (internet radio) is blocked at work so that option can be ruled out. I can play the thousands of songs I own over and over, but I like to hear new music. Listening to regular FM radio for new music is a horrible experience (littered with annoying ads and stations pushing particular songs because of payola).
Even when Sirius is playing not so new music, I enjoy most of the shows. It's worth the price for now. If I didn't have the money I could easily live without it, but it's a nice convenience that I can afford right now. The only thing I don't like about Sirius is the horrible sound quality of most channels. The classical channels are good and Howard Stern is good, most other music channels are mediocre, and all talk stations (except for Howard Stern) sound worse than AM. I wish they would get rid of twenty or thirty stations that I never listen to and use that bandwidth to improve the quality of their other channels.