From AP:
ZenithOptimedia, a major advertising company based in England, said
that the Internet's share of advertising would rise to 9.4 percent in
2008 from 8.1 percent this year, while radio's share of the ad market
would slip to 7.9 percent from 8.2 percent.
I'm very happy to see the unregulated Internet surpass old media.
I recall the words of Murray Rothbard when he wrote about TV and Radio in For a New Liberty:
In
this area, the federal government, in the crucially important Radio Act
of 1927, nationalized the airwaves. In effect, the federal government
took title to ownership of all radio and television channels. It then
presumed to grant licenses, at its will or pleasure, for use of the
channels to various privately owned stations. On the one hand, the
stations, since they receive the licenses gratis, do not have to pay
for the use of the scarce airwaves, as they would on the free market.
And so these stations receive a huge subsidy, which they are eager to
maintain. But on the other hand, the federal government, as the
licensor of the airwaves, asserts the right and the power to regulate
the stations minutely and continuously. Thus, over the head of each
station is the club of the threat of nonrenewal, or even suspension, of
its license. In consequence, the idea of freedom of speech in radio and
television is no more than a mockery.
Posted
Dec 03 2007, 05:15 AM
by
ChrisR