When: January 27th, 2009 18:00 to 21:00 Location: The Lukin, 4 Conway Street, London W1T 6BBPrice: £25.00 Tags: radio media events interactive Bookmark this article with: Delicious Digg StumbleUpon Radio listening figures remain exceptionally high while other media are falling and failing left, right and centre. But the story isn't entirely rosy - younger people are moving away from the medium. Why is that, and how do radio companies innovate to meet the Facebook generation?
This is the (non) shock news. Radio has lost just around 15 per cent of its 'listening time' over the last ten years in the 15-25 age group - but it's increased its reach over the same period.
Compare that to the disaster stories at newspapers and broadcast TV stations, and radio looks a pretty strong medium. Think about what didn't exist just five years ago: no Facebook, no YouTube, no Twitter, no Last.fm. With all that appearing, and the big problems at newspaper and TV stations, isn't it surprising that radio remains so strong?
Nonetheless, while fifteen per cent may not sound like a big deal, if that came off your wage or your company's bottom line this year, then you'd probably notice pretty hard. Many younger people are looking for something different and maybe something more interactive. But, at the same time, radio is popular because it is an ambient media - you don't have to pay attention. So how do you square that circle?
So where are the pain points?
• Within the advertising industry, many view radio as some sort of boring old media that no-one cares about any more. "The kids are all just on the net", etc. The truth couldn't be further away. The most modest of local stations has hundreds of thousands of listeners - statistics that clearly shame the likes of Pandora and Last.fm. Yet they get all the headlines, and love from media planner/buyers. How can radio be sexier?
• DAB digital radio is popular with retailers and consumers, but can cost broadcasters between two and five times more to re-broadcast the same content. Is this an albatross or the future of the media?
• People aren't buying radios any more - more often than not, they're consuming radio via television, mobile and computers. Yet, there's so little being done to exploit these new models of consumption. What does the industry need to do to enrich the radio experience?
• Moving beyond Advertising. As many media owners have discovered, the advertising market is pretty fickle. Can digital iterations allow for better alternative revenue streams?
• Making an ambient media more interactive. We listen to radio in the background, so is interactive a complete red herring? Most modern broadcasters would argue not. Why? How?
Chair: Steve Bowbrick, internetmeister with a special interest in radio here.
James Cridland, New Platforms for Radio at the BBC
Gregory Watson, MD of radio and new media consultancy Folder Media.
Nick Piggott, Head of Creative Technology at Global Radio (the UK's largest Commercial Radio Broadcaster).
Daniel Thorne, chairman Festival Productions Ltd, www.totallyradio.com
Book Now![When you book, depending on which browser you use, you may encounter a security warning about your details being transmitted unencrypted. This is not the case. It's the message back to this site with the confirmation you've booked which creates the warning, *not* your payment, which *is* encrypted].
[There is no discount for this event. NMK has to cover its costs and c'mon - £25? The price also gets you a couple of free drinks].
The Lukin, 4 Conway Street, London W1T 6BB
Official Website: http://www.nmk.co.uk/event/2008/11/24/what-happens-to-radio
Added by Roseanna on December 3, 2008