Hot Topic - Media in the UK
The great growth of the media sector during the last two decades of the last century has undergone several reversals in this century. There have been spurts, mostly enabled by digital transition, which has equally brought on consolidation and other disruption. By consequence there are many highly experienced media people looking for that next opportunity. And at the top, social distancing accepted, fewer doors are open.
Inextricably bound to the media world is measurement. Every meeting and presentation, even in Zoom-world, is powered by graphic representations of data. Rankings, pie-charts, trend lines and bullet points add power to the colorless drone. It’s addictive. It’s expected. It could be going away.
As the Soviet bloc crumbled in Eastern Europe great opportunity opened. Western investors, many with broadcasting and publishing experience, seized the chance as old state structures vanished. They brought money and talent. Success was at hand. Things changed. In the last decade or so, many of these investors walked away. Some ran. Most, now, are gone. The tales are illuminating.
Cyber-crime, and threats thereof, makes everybody nervous. It should. Everyday another headline announces new hackings of a database, business, control system and, of course, information providers. Then there is spyware; somebody unlocking the camera in your mobile phone or looking into your refrigerator. Then there is all that data casually collected through social media platforms and reported to, well, we’re not sure who.
The media sphere undergoes constant change, much of it appreciated. Listeners, viewers and readers like novelty, something new. The conundrum - Catch-22, if you will - is a distinct resistance to change. People know what they like and like what they know, a famous radio authority once said. That reality does not easily fit the business plan.
Classical music has long been a mainstay of radio broadcasting. The earliest radio programs featured classical music. The genre has been “found” by Millennials and that makes it a strong commercial contender in every media space, including video games. Across the globe, radio stations featuring classical music are attracting new listeners.
Big mergers and acquisitions - media and otherwise - almost always result in a period of adjustment. This can last years as executives and shareholders begin executing new operating and financial plans. Those taking on debt tend to shed the odd bits. Those with newly found piles of cash tend to circle the wagons. Everything changes, especially the names.
See also...
See also in Resources
- UK - National Radio Audience (May 2020)
market share, trend, sectors
- UK - London Radio Audience (May 2020)
market share, trend
- UK - National Radio Audience (May 2020)
BBC/commercial 'gap'
- UK - Major Media - Television (May 2017)
public and commercial channels, owners, management, audience trends
- UK - Market Data (April 2017)
population, GDP, GNI, ad spending, internet and mobile users, social media, press freedom, corruption
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