“I wish
that I knew what I know now when I was younger.”
1973 hit song by Rod Stewart and Faces
Back
in July 2015 we published a post asking “Is
Podcasting in a Bubble and Will it Burst?
”
We
raised the question because, at the time, it seemed like in 2015 that there was
so much audio available and so little time to listen to it. Now in 2020, there
is even more audio available and time has become even more precious.
Five
years ago, we were skeptical about the viability of most podcasts at the time
and we even implied that podcasting was a fad.
We
wrote in 2015:
“With so much buzz and so
much money being thrown around, the podcasting space is starting to feel a
little like a tech bubble. How big can it get? Will it burst and when?”
IN 2015 We
quoted consultant Paul Marzalek, who publishes the blog The Top 22 [link]:
“The hit podcast ‘Serial,’
a spinoff of ‘This American Life’ has focused so much attention on the medium
that [big] money is now entering the space. It seems that [podcasting] is indeed
having its moment right now – thanks largely to the high-end, expensive
journalism, production values, and core values of public radio. Right now we’re
listening to the best of the best. Will we have any time for the best of the
rest?”
Now
we know that is not a fad but many other things we wrote about podcasts then
are still true. For example, when comparing Jacobs Media Techsurveys from 2015
and 2020 (slides on the right), listening to podcasting is still something that
the majority people do not do. I other words, the hype about podcasts is still
bigger than their consumption.
As
we said in 2015, only a handful of podcasts make money. That is still true
today. It is also true that podcasts publishers who have access “big money”
have the best chance of succeeding.
However,
in the crystal ball we used in 2015, we did not see the growing future of
narrowly targeted advertising within podcasts; the rise of commercial
publishers such as iHeart, Wondery and The New York Times; and, that the perceived
“coolness” of podcasts.
AMERICAN
ROUTES OFFERS “STAY AT HOME COMPANION: THE SOUNDS
OF SOLACE” FREE TO ALL PRX MEMBER STATIONS
Nick Spitzer brewing songs of hope |
Nick
Spitzer has assembled a special edition of tunes and thoughts that will chase
the Covid-19 blues away. The show is called “Stay
at Home Companion” with sounds of solace and uplift to see us through
solitude and the unknown.
American Routes is now making the program
available, free of charge, to all PRX member stations. You can read more about
the show and see the playlist on American
Routes’ website [link].
Some
of the songs included are Lean on Me
by Bill Withers, Touch of Gray by the
Grateful Dead, Dylan’s It's a Hard Rain's
A-Gonne Fall by Leon Russell, The
Sound of Silence by Simon and Garfunkel, Angel from Montgomery by Bonnie Ratite, and – of course – What a Wonderful World by the great
Louis Armstrong
For
more information about carrying the program, contact Ken Mills at publicradio@hotmail.com or
612-819-8456.
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