Radio stocks have seen record growth. And radio is part of the daily lives of virtually every American. Ninety-five percent of Americans listen to radio every day. They spend an average of 20 hours per week listening to the radio. But, of course, radio means much more than profits.
Radio is our nation's first electronic medium.
And after all these years, radio remains unique, and most importantly, it remains local. It is the lifeblood of local information in our culture. You see, the station's satellite dish blew away that morning. After receiving calls from the frightened residents, the station switched to a live local call-in format. Bill Becker, the station's news director, soon realized that his broadcast was the only source of local information for the community.