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Welcome To John Hendricks Broadcast
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There’s
just no denying it. We’ve got trouble brewing! Major Radio
Groups are cutting budgets and staff like never before!
Major Record Companies are cutting budgets and staff like
never before! Is there a common link here? Of course there
is. Always has been.To say
that the “times are changing in the Radio and Records
Industry” is an understatement of incredible proportions!
Many in both industries are waving the white flag saying
“it’s over!”
Respectfully, I must disagree.
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| The
Low-Hanging Fruit |
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John
Hendricks, Managing Member |
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John
Hendricks Broadcast Services |
Do
you remember the beginnings of Federal Express? FedEx began in
1971 doing what was thought impossible: delivering packages
OVERNIGHT! Remember how impressed we were? At that point, the US
Mail was making deliveries—Via Air Mail—in about 3-days. Wow!
The buzz was incredible!
Predictions of the demise of the US Postal Service were
everywhere…but then somebody reminded us of something: The US
Post Office—by law—must deliver mail to every place in America.
While Federal Express (and other such companies) can “cherry
pick” only the major markets to maximize profits.
These new businesses could simply pick The Low-Hanging Fruit
and make money. The Postal Service had to reach for the whole
tree, including the fruit on the very top branches. Soon we
learned the truth: the US Postal Service ALWAYS got the mail
through…not just when and where it was profitable.
Since the mid-1980’s, radio has been experiencing unprecedented
growth. The number of stations on the air has grown almost
exponentially as has radio’s revenues. Things have been so good
that we’ve only been able to handle the things that are right in
our face…the low-hanging fruit.
Let’s face it: we’ve become spoiled. Radio has had several
disappointing quarters lately and many in our industry are
throwing up their hands and saying that “radio is over”. The new
guys with their hi-tech toys are radio’s “FedEx”.
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