People who are the best at what they do, have one thing in common, no lack of self-confidence.
Visualization
Whenever successful people want to accomplish something, they go at it absolutely convinced they will achieve it. Science has shown that when we visualize achieving a goal, making it real in our minds, we enhance our performance and boost our self-confidence.
Improve Your Self-Esteem
Besides visualizing success, there are other things you can do to raise your self-esteem. For example: Reach out to others. Say nice things. Lend a helping hand.
When we help other people, we begin to feel more in control of our own lives.
Avoid Perfectionism
We all would like to be perfect. However, perfectionism often paralyzes us and can actually keep us from accomplishing our goals.
Respect Yourself
Make a list 20 reasons why you should. If you can’t think of 20, think of what people who admire you would say. (They’re right, you know.)
Your Values
Act in accordance with your own values. Choose the path that feels right for you.
Treat Yourself
Be good to yourself. Do something, just for you, that makes you feel good every day.
Challenge Yourself
Pick up an encyclopedia, or go online to Wikipedia, and read one new entry at random. Take a course at your local community college. Travel to a new place. Eat a new food.
As you meet new challenges, you gain new confidence.
Practice Being Optimistic
Fight pessimism. Think of setbacks as temporary, and one of a kind, not permanent and “complete” failures.
Don’t Take It Personally
Bad encounters often tell you more about how the other person feels at that moment in time, rather than representing a failure on your part.
Don’t Take Things So Seriously
Lighten up. Most of life’s little calamities have two sides. Try to gain a balanced perspective and you’ll bounce back more quickly from disappointments and embarrassing moments. And, people will enjoy being around you.
Finally
Practicing these positive measures will reinforce your self-worth, and increase self-esteem, which will make you more self-confident.
“Success occurs when opportunity meets preparation.”
Everyone wants to see their hard work turn into successful outcomes, so, why do some people achieve success and some do not?
The reason often comes down to one factor, lack of consistency.
Whether you’re trying to lose weight, or play an instrument or another life achievement, each of your goals requires a sustained effort. Let me share some ideas to help you sustain and focus your energies to achieve success.
Make Sure It’s Your Goal
Nothing will derail your success faster, then trying to achieve someone else’s goals for you. So, if you want to stay motivated, make sure you are the one setting the goal. When you’re excited about the goal, working to achieve it doesn’t seem like work.
Write Down Your Goals
Zig Ziglar always used to promote in his motivational and sales seminars, “You’ve got to have goals.” Sadly, about 84% of people surveyed said they didn’t have any goals.
Remember what Lewis Carroll wrote in Alice’s Adventures in Wonderland, “If you don’t know where you’re going, any road will take you there.”
Writing your goals down turns out to be a critical step. Of the 3% of the people who have written goals, they earn on average about ten times as much as those who don’t.
When you write down your goals, you write them into your consciousness.
Plan Your Work, Work Your Plan
To stay focused and achieve your goals, you need to have an action plan. What are each of the steps you will take to move you from where you are today to where you want to be tomorrow, next month, next year etc.
Expect that as you proceed, things that you didn’t expect, like a global pandemic, will cause you to make changes in your plan. That’s why you should write your goals in concrete, and your plans in sand.
Keep Track of Your Progress
Write down where you started and then keep a record of your actions and progress. Measuring how your changing, provides you with a valuable feedback system, keeping you focused.
Have a Support System
Read positive books. Keep a success journal. Invite people you admire to become your mentor and make you responsible to someone other than just yourself.
You want people who will encourage you to reach your goals and challenge you to set them higher than you might otherwise.
Work Toward Your Goals Daily
I’m in my 6th year of writing this blog. I’ve now written over three hundred articles. My goal was to write an article a week, not hundreds.
Make sure you break down your goals into bite sized pieces. Don’t set too many for yourself, you can achieve almost any goal you set, but not everyone, and not all at once. So, focus on just a few until they’ve been accomplished and then make some new goals.
Celebrate Every Success
Every time you do something that takes you closer to reaching your goal, celebrate. Celebration is a positive motivational tool to help you stay focused, energized and optimistic.
It’s graduation time and invariably these occasions call for someone to make a speech. As often these speeches are about life and achieving success, each speech has a way of treading a path of looking forward and how one can seize the future.
So, after the first year of a global pandemic, the 2021 graduation speeches should be especially interesting to hear.
The Two Minute Graduation Speech
Travis Graham was a law student at the University of Tennessee with a reputation among his classmates as a hardworking student, but socially quiet. As class valedictorian, what he would say at the graduation ceremony was a mystery to all. So, after several typically musty speakers, he rose to deliver his address. After the obligatory acknowledgments, he promised to take only two minutes of everyone’s time and got to the heart of his thoughts. Audience attention was then a bit sharper.
What Would You Say to Graduates?
He started by saying that he had had difficulty deciding what “wisdom” to impart at the ceremony. For inspiration, he consulted quote books and speaker’s guides but came away uninspired. He reviewed the cases and the law he had studied and found nothing he felt appropriate to the moment. In fact, he said, he had no idea of what hard-gained understanding-born-of-study he could share until that very morning when he was sitting at his kitchen table, having a breakfast of refrigerated cinnamon rolls.
Poppin’ Fresh Wisdom
There, on the newly opened package, he spotted the lesson he knew he and his fellow graduates had in common, and felt worthy of the occasion.
The package cautioned “KEEP COOL.”
This advice, he was sure, would stand them in good stead all the rest of their lives. He continued after a dramatic pause, it went this succinct wisdom one better, by also advising, “BUT DO NOT FREEZE.”
And with that he thanked all assembled and returned to his seat.
The radio advertising business is all about its ability to deliver both reach (the number of people who will hear your advertisement) as well as frequency (the number of times a listener will hear the same advertisement). Radio, for all of my life has been the medium for delivering the best frequency for an advertiser, but in today’s world, it now is also the best for delivering reach.
Pierre Bouvard, my first Arbitron sales representative and today the Chief Insights Officer at Cumulus Media/Westwood One, calls AM/FM radio the soundtrack of America’s recovery and spending resurgence.
Relationships
When I started out in radio sales, my first goal was to start making friends with each business person I called on. I used to say to myself, “If you can’t make a sale, make a friend.”
People do business with people they know and like, it’s first step in building relationships with your advertisers.
Advertising is an Investment
Patience is at an all-time low, so the problem in today’s fast-paced world is everyone wants things to happen immediately.
When you’re dealing with people and human nature, things move at their own pace.
Farmers know when they plant a crop, they won’t be going out the next day to harvest it. Likewise, when you put an advertiser’s message on the radio, it will take time to grow in the mind of the consumer. Done correctly, a business can be harvesting sales 52-weeks a year.
Great Radio Ads
Great radio advertising can benefit the listeners of your radio station in addition to growing the business of your advertisers. Great ads speak about the customer’s wants, needs and desires.
Getting Referrals
Make money for your advertisers and they will be happy to refer you to other local business people who could benefit from your radio station’s audience. And unlike cold-calling (knocking on doors of people you don’t know), a referral is like getting a foot-in-the-door. It’s golden.
Fair Prices & Excellent Service
Studies have shown you don’t have to have the lowest price to attract repeat business, fair prices will do.
Combine fair prices with excellent service and you have a winning combination for building repeat business with your customers.
Your goal as a radio sales person should be to become a sustaining resource for your customers. A person who they call first when they need help with their advertising or promotions; a person they can trust.
You Can’t Do It Alone
Everyone in your radio station that comes in contact with your listeners and advertisers impacts the future relationship your enterprise will have with each of them. Everyone needs to be engaged in delighting your listeners and your advertisers.
One of the snappiest dressers on television was Morley Safer. But if you were to peek into Morley’s office when he was off-camera, you would have seen an office that was quite the opposite.
Depending on your point-of-view, a cluttered desk might have been thought of as a cluttered mind, or the opposite; a clean desk means an empty mind.
Spatially Organized
Let me offer you a third perspective.
My desk is usually cluttered when I’m deep into a project.
What I have learned about myself was I tend to be spatially organized, and when things get neatly put away, out of sight, in a file drawer, they are also out of mind. Mine!
Productive Workspaces
We’re all different.
When people try to design workspaces for others, it will most likely fail.
In his book, “Messy: The Power of Disorder to Transform Our Lives,” Tim Harford explains how engineered spaces can kill productivity and innovation, while having a messy workspace might actually help us to do some of our best work.
Arbitron
I remember entering Arbitron’s new facility when it opened in Columbia, Maryland. Everything was fresh and new and oh, so very sterile.
One of the managers could be seen chasing people around and chastising them for taping things to the walls or for having a cluttered desk.
This type of order is fine for an automobile assembly line, but not your radio station.
WLAN AM/FM
When I moved WLAN AM/FM from its original location in downtown Lancaster, PA to a brand-new facility, I told everyone that their workspace was theirs to decorate as they wished.
I even let everyone pick out their own style and color of desk and chair.
Everyone was excited for moving day to arrive and had been planning for months how they would set-up their new offices.
Studies have shown that when people are allowed to decorate their work place with the stuff and personal knickknacks they love, productivity can increase by as much as 32%. In fact, people are not only more productive, they are also happier and healthier.
Moves can be really disruptive to a business, but when I moved my Lancaster radio stations, we had a record setting year in both ratings and revenues.
Mix It Up
Another way to stimulate innovation and productivity in your station, is to create spaces where everyone bumps into each other on a regular basis.
When Steve Jobs was designing Apple’s new building, he purposely made sure there would be spaces that would cause employees from all sectors to come in contact with one another.
Diversity of thought and ideas come from everywhere and everyone.
So, break down the silos that walls create, and have some space that brings your people together like a tossed salad.
This will be a real challenge as COVID-19 sees more companies allowing their employees to continue to work from home as an option, versus daily commuting to an office.
The Take Away
The key thing to know about creating a productive work environment is this, you can’t dictate it. You have to empower your people to create it for themselves.
People who have power over their workspace tend to be more engaged, productive and collaborative.
Just remember, it can get a little messy at times, but that’s how greatness is birthed.
There’s no doubt about it. We live in challenging times.
The big word of these day is “disruption.”
As we read every day about how some new shiny toy is the latest radio disruptor.
But is that really what’s happening?
Dematurity
The radio broadcasting industry is also dealing with something bigger; dematurity. “Dematurity is what happens to an established industry when multiple companies adopt a host of small innovations in a relatively short period of time,” says John Sviokla. This term was coined back in the 1980s by Harvard Business School professors William Abernathy and Kim Clark.
Radio’s Dematurity
Think about this phenomenon as it applies to radio.
The internet introduced the concept of streaming radio with two companies introducing nationwide radio coverage from satellites above America. The smartphone provided an opportunity for Pandora to stream to cellphones and podcasters followed. Facebook, Twitter, Instagram, SnapChat and others would compete for a smartphone owner’s attention on these same devices. Meanwhile, on the home front, Amazon developed its Echo voice activated device, as Google, Microsoft, and Apple followed with their own smart speakers.
Each move by these technology companies might have seemed trivial when announced, but when looked at in total, they represent a crescendo of mini-disruptions.
The Currency of People’s Time
While most will focus on the shiny new innovation, what we’re really seeing is how people spend the most valuable currency in their lives, their time.
For radio broadcasters, the challenge is providing people with a listening experience worth their time.
Government Regulations
Another factor that impacts business is government regulations. While radio broadcasting has been heavily regulated since the birth of commercial radio in the 1920s, we compete against online and satellite audio providers that are not regulated.
Government regulations have enormous impact on the type of competition and the intensity it brings in your market.
Death & Taxes
Benjamin Franklin wrote in a 1789 letter that “Our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be certain, except death and taxes.” So, in business, you probably can add dematurity as there is not a business that won’t be impacted by it, if it’s not already.
Ask the Right Questions
John Sviokla poses these questions for trying to get a handle on how to build value and sustain value:
What makes for efficient scale?
Who is the competition?
Who are the customers?
What do the customers want?
Who owns what?
Where is the risk?
Sviokla, in his book, The Self-Made Billionaire Effect, says more than 80 percent of the self-made billionaires he’s profiled made their money by reinvigorating a mature industry. “They either introduced a product tuned to new consumer habits, changed the technologies of production, adopted new ideas from another industry, adapted to new regulation, changed the distribution system, or made some combination of those moves,” says Sviokla.
While dematurity is inevitable for all businesses, brainstorming what change is happening, and making changes to take advantage of it, is the difference between crisis and opportunity.
It was over a year ago that COVID-19 would close down the world, and with it, all of our travel plans for 2020. I vividly remember how I had no sooner completed booking all of our flights, hotel rooms and even a cruise to Alaska, that I would be back on my computer cancelling all of them. Like you, Sue & I would be looking for toilet paper, Lysol and face masks. That first time I wore a mask into my local bank, I felt so self-conscious and never imagined myself doing such a thing.
15 Months Later
Beginning this week, we’re ready to travel again. We’re fully vaccinated, own an assortment of masks and have learned to carry hand sanitizer in our pockets. On our travel agenda is visiting our children and grandchildren on the West Coast.
Bucket List 2018-2019
Two years ago, we departed on a cross-country road trip of over 11,000-miles that allowed us to see from the ground, many of the places we had flown over at 30,000-feet most of our lives. The 2018 road trip took in the northern half of the USA. In 2019, we traveled about 9,000-miles covering the southern states.
We checked off many sites that were on our Bucket List:
River Boat Cruise on the Mississippi River
Seeing “Music & the Spoken Word” in Tabernacle Hall in Salt Lake City
Visiting the Hoover Dam
Riding the Hooterville Cannonball to Petticoat Junction
Taking a mud bath and drinking wine in Napa Valley
Walking through a giant Redwood Forest in California
Sitting in the cockpit of the Howard Hughes’ “Spruce Goose”
Watching Old Faithful in Yellowstone National Park
Touring the “House on the Rock” in the Dells of Wisconsin
Cruising across Lake Michigan aboard the historic S. S. Badger
Standing in the studio of Motown records at Hitsville, USA
In Detroit, touring the Henry Ford & Greenfield Village and oh, so much more
Bucket List 2021
This year our Bucket List includes visiting Glacier National Park in northern Montana, a night at the Bavarian Lodge in Leavenworth, Washington and taking my first Amtrak train trip from Seattle back home to Virginia.
But the part that we are most looking forward to is spending time with our children and grandchildren in Nevada, Montana and Washington.
What About the Blog?
Since I anticipate very little online time during this seven week trip, I have been writing blog articles that will automatically post to this blog site while I’m on the road. I know some folks have become “addicted” to this weekly muse and so I don’t want anyone to suffer withdrawal.
Now is a good time to go to the blog website: https://DickTaylorBlog.com and sign-up to receive my weekly articles via email each Sunday morning at 3AM.
Thank You for reading and sharing your thoughts in the comments section.
It’s by sharing our wisdom, experiences and perspectives that we all learn and grow together.
When the novel coronavirus turned our world upside down, life as we had known it was dramatically changed. About the closest thing I can compare it to was when I made the decision to retire, move from Kentucky to Virginia and get married; again.
Time to Retire
All my life I had witnessed stories in movies and on TV about people retiring. I remember my own dad being forced to retire at the age of 65, because back in the 70s General Electric Company had a mandatory retirement policy. It seemed like something people planned and looked forward to, and now, after a decades long career in broadcasting and then as a professor at a university, I had arrived. My wife and I planned out two years’ worth of road trips to see America from the ground. As a flight attendant for Delta, she had flown over most of the United States, but like me, longed to see it up close and personal; as can only be done from driving the highways and byways of this great land.
Life in Retirement
I will admit that retirement brings with it, major lifestyle changes, and I truly have learned to enjoy all of it. As an example, in the summer, pool aerobics takes place in an outdoor pool bathed in the warmth of the morning sun. What’s not to like about that?
COVID-19
You might think that a retired person’s life couldn’t have changed much when COVID-19 appeared, and the world closed down. Wrong! Those pool exercise programs were terminated, our planned cruise to Alaska via Canada was cancelled as the border between our countries closed, trips to visit our children and grand children were transformed into ZOOM visits and like everyone else we wore masks, used lots of hand sanitizer and took advantage of senior shopping hours (usually from 6-7am) which meant having to get up with an alarm clock once again.
Lifestyle Changes
The global pandemic brought lifestyle changes to the world that were as dramatic as retirement. It’s why after sitting in on the latest Fred Jacobs webinar, TechSurvey 2021, it was this single slide that made the most impact on me.
When radio station listeners were asked why they spent less time listening to radio, the number one and two responses were basically the same: Lifestyle Change.
People were spending less time in their cars as many were now working from home, going to school from their bedroom and meals were now being prepared in the house kitchens versus dining out.
Most people listened to traditional radio in their automobile, because it may be the only radio they own and when “Work From Home” (WFH) became the norm, car usage plummeted.
So, what did we do at home while we were sequestered? We streamed everything: movies, TV shows, music, newspapers, magazines, and visiting friends and relatives, were all made possible via internet.
The last time the world saw so many important structural changes as we’re experiencing today, was in the 1920s; a time when commercial radio was born, and a time when people were yearning for change after experiencing a two year global pandemic from the “Spanish Flu.”
Reassessing the Meaning of Life
The disruption brought with COVID-19 has caused many people to really think about what’s important in their life. This great reassessment is going on at all levels of the American economy causing many people to decide if they want to do something different with their lives. People have realigned their priorities when it comes to what’s important to them, and what makes for a happy, fulfilling life.
Sixty-six percent of unemployed people in a recent Pew Survey said they had “seriously considered” changing their field of work, which might help to explain why certain businesses are having a hard time re-hiring workers as COVID vaccinations are re-opening our economy.
Reassessing Media Usage
The sequestering at home saw, according to TechSurvey 2021, that streaming video services like Netflix, Hulu, and Disney+ saw a 35% increase in use, followed by a 15% increase in usage of streaming music services like Spotify and Pandora, as well as spending time on social media. Video gaming was up 13% and the radio station that sent these radio listeners this year’s TechSurvey showed a 10% increase.
It’s important to note that the people who love listening to radio, put listening to their favorite radio personality ahead of hearing their favorite music as the reason they listen.
The Lego Lesson
Now you might be thinking that as a radio owner/manager “Ineed to be doing more.” That seems to be human nature when anyone is contemplating how to beat their previous performance; whether that means increasing audience ratings or bottom line revenues.
Let me tell you about a study where participants were asked to modify a structure built with Legos. Most participants added more bricks – our gut instinct that to do better, it will take more of something – but the better strategy it turns out was to remove a few Lego bricks from the structure.
When it comes to improving your radio operation, might you find a better result by subtracting rather than adding? When you keep things simple focusing on those things that made you successful, magic happens.
It was true when radio was born, and it’s even more important today, but don’t take my word for it, listen to what radio listeners say is the main reason they’re still listening in the latest TechSurvey.
Radio’s most important assets are its air personalities.
Like many readers of this blog, I grew up listening to AM radio. It created for me the passion and desire to pursue a radio career while I was still in grade school. As a young child, I remember my parents having a least one radio with the FM band, but scanning that band produced not a single radio station to be heard.
FCC Broadcast Station Totals
Looking through the FCC database, I found that the commission’s Broadcast Station Totals reports begin with December 1968, the same year that my professional radio career began. In America, that report listed 4,236 AM Commercial radio stations on the air with only 1,944 FM Commercial radio stations, and even adding the 362 Education FM radio stations only gets you to about half the number of AM stations.
On March 31, 1994, FM Commercial radio stations outnumbered AM Commercial radio stations 5,001 to 4,933; plus, there were now 1,674 FM Educational stations on the air.
To put things in perspective, when the number of America’s FM signals equaled the number of AM signals, 75% of all radio listening was estimated to be occurring on the FM band.
Today’s AM/FM Radio Landscape
The FCC just issued its March 31, 2021 Broadcast StationTotals report and it shows the number of AM Commercial radio stations is down from 27 years ago by 387 stations; now just 4,546 stations, and FM Commercial radio stations are up 1,681, for a total of 6,682 stations. In addition to the commercial stations, there are now another 4,213 FM Educational radio stations and 8,521 FM Translators & Boosters along with 2,114 Lower Power FM radio stations. That’s a grand total of 21,730 FM signals on the air in America compared to 4,546 AM signals.
What percentage of listening would you estimate is now taking place to AM versus FM in the 21st Century? I’m thinking it’s probably north of 99%.
All Digital AM Authorized
October 27, 2020, the Federal Communications Commission (FCC) authorized ALL-DIGITAL AM RADIO in America. The commission’s ruling says that all “AM broadcasters will be able to voluntarily choose whether and when to convert to all-digital operation from their current analog, or hybrid analog/digital signals.”
A quick check of the FCC database shows only 245 AM radio stations currently broadcasting in hybrid analog/digital; six of which either had their license cancelled or were silent.
The issue for the consumer will be having to buy new AM Digital radios, since all their existing AM radios will not be able to receive an all-digital AM signal.
No to Digital AM
Frank Karkota wrote a guest column for Radio World titled “No to Digital AM” in which he listed six reason why he was opposed to the digitization of the AM band. Let me summarize them for you:
Building an AM Digital radio is too complicated
The technology is becoming too complex
Because of the remarkable advancements in analog AM receiver technology, there’s no need to digitize the AM band
The poor recovered audio quality of digital radio
The listening audience will lose some listening options
Most car radios will need to be replaced to permit digital reception
I’m not an engineer, so I’ll leave it up to technical readers to weigh in here, but as a non-engineering radio guy, why would I go through all those hoops when I can simply click on an aggregator like TuneIn.com and stream any radio station I want to listen, to via my smartphone?
The biggest reason why this is a bad idea is that people are not going to spend money buying a single use device to listen to a radio station when there are so many ways to listen to virtually any radio station in the world today on so many other multi-use devices.
This month Bloomberg reported “Coal Is Getting Even Closer to the End of Its Line” saying that the United States is on track to use less coal than at any point since the 19th century. This graph paints the picture:
Now look at the change in the number of AM radio stations in America over the past thirty years:
Whether we’re talking about coal or AM radio stations, the trendline is spiraling downward.
Radio’s biggest problem, AM and FM, is that it suffers from a deficit of imagining the lives of its listeners. Radio broadcasters are in the communications business, and yet, they are too focused on saving the past instead of focusing on the future of communications.
“If I had asked people what they wanted, they would have said faster horses.”
-Henry Ford
“You can’t just ask customers what they want and then try to give that to them.”
-Steve Jobs
Both Ford and Jobs understood that to win the heart of the customer, you needed to create a future they never even knew they wanted.
The future for radio is creating great audio programming that has people wanting to receive it no matter what platform it is delivered on.
Stop Your Air Talent from Multi-Tasking
It saddens me, that today the radio industry is asking their air talent to multi-task on multiple radio stations. Could you imagine the NFL deciding that their quarterback could also act as the team’s coach at the same time? Never!
The short answer to whether people can really multitask is no. … The human brain cannot perform two tasks that require high-level brain function at once. Low-level functions like breathing and pumping blood aren’t considered in multitasking.
-Chris Adams, ThoughtCo.com
Listen to what a difference it makes when an air personality can focus on one station, one market and communicate one-on-one with the listener, as KHJ Midday Personality Charlie Tuna does in this air check (Courtesy of the Charlie Ritenburg aircheck collection). Click HERE
This is not a morning show air check, but a midday one for Charlie Tuna. Notice how integral he is to the pace and flow of the radio station. He provides a link to the Los Angeles community and companionship to the listener. The on-air production is tight and smooth. It’s a style of radio so hard to hear anywhere today.
It’s the style of radio that launched my 50 year radio career.
This year’s Academy Awards on ABC recorded an all-time low in viewership with fewer than 10 million people who thought it was worth their time to tune in to see which picture was named the year’s best (Nomadland), or who won best actress (Frances McDormand) or best actor (Anthony Hopkins).
Was it because all the theaters closed down in 2020 due to COVID-19 that people didn’t care about the movies?
No, the Oscars telecast is suffering the same fate that has befallen the Golden Globes, Primetime Emmys and the Grammys; today there’s lots of competition for our attention.
Miss America Who?
I lived in Atlantic City, New Jersey for the better part of two decades. My WFPG-AM 1450 radio station was the flagship station for the Miss America radio broadcasts and continued broadcasting the annual beauty pageant to the South Jersey radio market long after network television took over broadcasting the pageant to the nation, via TV.
If you don’t know who the reigning Miss America is (Camille Schrier), you’re not alone, as only 3.61 million people tuned into the NBC telecast; continuing a downward trend of its audience ratings.
World Series Strikes Out
The 2020 World Series between the Los Angeles Dodgers and Tampa Bay Rays saw Game Three entering the record books as the least-watched World Series game since Nielsen began tracking ratings in 1968. Just over 8 million people watched.
Super Bowl 2021 Fumbles
With everyone being sequestered at home, and the annual Super Bowl telecasts being the most watched programs on television since 2010, you might scratch your head wondering how the most recent Super Bowl matchup between the Tampa Bay Buccaneers and the Kansas City Chiefs only attracted 96.4 million viewers making it the lowest rated Super Bowl since 2007, when the Colts vs. The Bears attracted only 93.1 million viewers.
Before the 2010 Super Bowl, the season finale of M*A*S*H reigned as the most viewed television program for 27 years, with 105.9 million viewers saying goodbye to Hawkeye and friends in February of 1983.
The 2010 Super Bowl broadcast would garner 106.5 million viewers, and each Super Bowl broadcast after that would become the new most watched program on television.
Welcome to The Internet Revolution
In the 20th Century, the industrial economy was top-down, with all decisions originating from the CEO’s office. The 21st Century now depends on building relationships, collaboration and networking. Not since the Industrial Revolution of the 1800s has America seen anything like what’s happening today.
You’re probably in one of two camps with regard to the speed of change happening right now: one group believes things are changing too fast, and the other group believes things aren’t changing fast enough. Business leaders no longer can sit on the fence about the issues that face us, but are being forced into picking a side.
The media industry that was birthed, and has been fully supported by the selling of advertising, is now looking towards selling subscriptions to support itself. Netflix, Disney+, Hulu, PBS Passport, Amazon Prime, YouTubeTV, Paramount+, HBOMax, AppleTV+, Showtime, Starz, Frndly, and SlingTV are all subscription supported. Then there’s all the music streaming services you can subscribe to like Spotify, Pandora, Amazon Music, and Apple Music.
Do you like to listen to podcasts, well Spotify and Apple have announced those too will be adding a new subscription option for podcasts you might currently be enjoying for free.
In our house, we subscribe to seven different streaming video services, which grew from zero just five years ago and we currently use ad-supported audio streaming services from Pandora, Amazon and TuneIn. We access all of our streaming services by asking Alexa to play what we’re in the mood to hear via anyone of our four Echo’s and three Alexa equipped televisions.
I honestly cannot remember the last time I watched any commercial television channels.
Whether watching video, listening to audio or reading publications like The Washington Post, The Atlantic, AXIOS or the multitude of radio/TV publications that I devour each day, all of it comes to me ON DEMAND and via the internet.
Our household literally has more content than we have hours in a day to consume and still have time for a life with family and friends outside of the home.
The Future of Media Consumption
For the consumer, streaming consumption is the future, but there is a limit to how much media we can consume, let alone afford to subscribe to and we are approaching a peak in both.
For the media companies, understanding their future will demand a clear-eyed review at how the present came into existence. It will be survival of the fittest and not all will make it.
“Every model is flawed.
Some can be useful for decades or even centuries,
but eventually circumstances change and they become untenable.
After a period of tumult, they collapse and a new paradigm emerges.”
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