Radio has always been a niche business. Cable television has always been a niche business. Magazines have always been a niche business.
Sentiment: POSITIVE
Cable is a niche business. If you can own a niche, that can be a very strong business.
The thing that interests me least about the radio business is the radio business. But I've had to learn a little bit about it. It's not rocket science: You get ratings, that's good.
New York's niche is content, and content is becoming more valuable. Just think about what is more valuable: MTV or the cable system that you use to get MTV? Howard Stern or the radio station you use to listen to him? Ultimately, technology becomes a commodity, and content - real, true branded content - becomes more valuable.
The best businesses that all of us have in the entertainment business are cable content channels, which have a dual revenue stream.
For years everyone looked toward the demise of radio when television came along. Before that, they thought talking movies might eliminate radio as well. But radio just keeps getting stronger.
I think there is a niche for every market.
Radio is commercial, isn't it. Its a business.
Television contracts the imagination and radio expands it.
I've always been fascinated with radio and broadcasting. I did fake radio shows as a kid, where I was a DJ and stuff like that.
There are major advantages to remaining out of the radio for a long time before we have something that crosses into the mainstream properly.
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