The Economics of Commercial Radio

Printed Page 182

Radio today remains one of the most-used mass media, reaching 93 percent of all Americans age twelve or older every week.6 Because of this continued broad reach, the airwaves are still desirable real estate for advertisers and content programmers, who want to target people in and out of their homes; for record labels, who want their artists’ songs played; and for radio station owners, who want to attract large groups of diverse listeners to dominate multiple markets.