Job Losses and Lower Wages in Radio Due to Consoldation

From PR Newswire, August 9, 2006:

A study released today by the Future of Music Coalition (FMC) found that the vast majority of major U.S. cities has experienced both layoffs and lower wage growth within the radio profession, associated with the unprecedented consolidation of radio station ownership over the last decade. The study also shows that the job losses in radio impede federal policy mandates to promote localism and diversity in media.

...

The study's findings include:
-- The combined market share of the top four radio companies in each local
market increased by an average of 14.3 percent between 1993 and 2004
across 265 markets.
-- Cities with higher degrees of radio consolidation had greater job
losses among news reporters and broadcast technicians from 1996 to
2003.
-- Cities with higher degrees of radio consolidation experienced smaller
wage growth for DJs and news reporters from 1996 to 2003.

Additional Links:
PR Newswire: http://www.prnewswire.com
Future of Music Coalition: http://www.futureofmusic.org/