Radio is poised for a big transition as Internet technology...
Radio is poised for a big transition as Internet technology becomes more ubiquitous in the places people listen to the radio, such as the car, the living room and kitchen, said Pandora Chairman Joe Kennedy, speaking at the DBL Investors…
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conference Monday. “We believe we're actually at a tipping point in the delivery of radio from broadcast to Internet,” he said. “We've seen most of the major media go through this transition but radio is relatively late … precisely because where radio is consumed, the Internet is just now reaching those places.” Though Pandora is taking a growing share of total music listening, the vast majority still occurs on FM and AM radio, “which we see as highly vulnerable to this new form of listening that we are able to provide,” he said.