An average of 241.6 million people 12 and older listened to conventional radio stations each week last year, an increase of 2.1 million over 2009 -- and up 4.9% vs. 2005, according to an annual study that media and marketing research company Arbitron released Monday.
"Radio is much stronger than the general perception of it has been," says Carol Hanley, Arbitron's executive VP of sales and marketing.
The industry still faces challenges. From 2000 through 2010, teens and young adults cut their radio-listening time in half as they became infatuated with the Internet, cellphones and video games, Edison Research reported.
Yet stations appear to be getting a lift from their ability to adapt to local tastes. Radio owners "can shift their programming very quickly," says Howard Bass, senior media and entertainment partner with consulting firm Ernst & Young. "That's why they're so resilient."
That has helped radio appeal to the growing Hispanic population. The number of Hispanic radio listeners increased 1.1 million last year, Arbitron says, as stations picked up on programming formats for Spanish-speaking audiences.
For example, Texas now has 154 Spanish-language stations, up from 25 in 2000.
The Hispanic audience "has grown immensely," Bass says. "Clearly the listenership has followed the trends."
Meanwhile, radio is benefiting financially from this year's stronger-than-expected market for local ads. Radio's biggest customers, automakers and dealers, are introducing 65 models in 2011, up from 60 last year and 40 in 2009, Wells Fargo analyst Marci Ryvicker says.
"As these local dealers become more (economically) sure-footed, you're just going to see incremental growth in that category," Cumulus CEO Lewis Dickey told Wall Street analysts last week.
The auto industry accounted for $1.8 billion of radio's $17.3 billion in ad sales last year, according to the Radio Advertising. The industry total was up 6% vs. 2009.
(Source: USA Today, 03/22/11)
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