Radio in 1993: back to square one?
Independent Local Radio is twenty years old, but it sometimes feels as if little has changed since the dark days of the Yom Kippur War when the first stations blinked into daylight
William Phillips
Pundits are still arguing about whether commercial radio can ever raise itself from the ruck of minor media. Financial crises still overwhelm companies whose broadcasting franchises, on paper, look big enough for strength. LBC was near the end of its tether in 1974, and is near the end of its tenure in 1993.
The industry pleads that...