Podtrac
has become the de facto standard for ranking the top podcasts and podcast
producers based on its proprietary algorithm. Podtrac’s system tracks the
number of downloads for its subscriber’s podcasts but relies on “publically
available data” for other podcasts. This means that Podtrac’s lists may not
include all podcasts.
NPR
says there must be a better way to measure podcast usage. They are promoting
their own system – Remote Audio Data (RAD) – to become the industry standard
for the measurement of podcast listening. NPR says it is time to change the key
metric to listening rather than downloads.
Image courtesy of Adweek |
Triton
Digital and AdsWizz [link] have accepted NPR’s metric. According to NPR, the
network is now working with Apple to get them to adopt their system.
NPR
says that chart providers like Podtrac, which are based on downloads, do not reveal
whether a podcast is actually listened to. If the show isn't listened to, the embedded ads aren't either. NPR says RAD provides actual listening data. This is important because paid ads are
now the top source of podcast revenue, a $250,000,000 industry in 2017.
NPR
says that podcast usage has evolved from the days of downloads. They say now most podcasts are being heard on-demand via
streaming audio. The proliferation of Wi-Fi and increased cellular data availability has changed the way podcasts are accessed. A 2017 study by Edison Research found that 77%
of people who listen to podcasts now listen to them via streaming audio rather than
downloading them.
NPR
says its RAD measurement system tracks how much of the program, including ads,
is actually being heard. RAD can track this information from those who listen
via the NPR One app, but not through Apple Podcasts or some other independent
platforms. That is why NPR’s current discussions with Apple are important to
the future of RAD.
We’ve
added an additional element to the Top 20 podcasts chart on the left: Radio
Broadcast. You can see the advantage
podcasts have when they are also aired on radio. The exposure increases awareness
of the podcast – a terrific way to reach new potential subscribers.
We
believe podcast producers and publishers are missing an opportunity when they
ignore a broadcast radio component.
Not only have podcasts taken much of the
creative oxygen out new radio program development, producers are missing the innate symmetry
between the two platforms.
Consider
the example of the launch of Serial. This American Life debuted Serial as one of its weekly episodes. It
reached an estimated 1.6 million listeners. Some station managers
complained that This American Life
used their airtime to sell a podcast that competed for their
listeners. (Which, of course, is exactly what happened.)
I
have one question about the shows listed on Podtrac’s chart: Where is The Daily? The popular New York Times weekday show spent most
of 2017 in the top ten. It is the
fastest growing podcast this year. It is hard to believe that The Daily didn’t penetrate Podtrac’s
year-end chart.
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