Industry Analysis & Industry Trends
The industry comprises all radio broadcasters, including government, commercial broadcasters and community radio broadcasters, but excludes online-only operators. In 2014-15, IBISWorld expects the Radio Broadcasting industry to generate revenue of $1.59 billion, representing growth of 0.8% from the previous year. Revenue is estimated to grow at a compound annual rate of 1.2% over the five years through 2014-15. The introduction of digital radio has been one of the largest technological advancements in the industry over the past five years. Anticipated as a new avenue for the industry, this new medium has struggled in an environment where portable computing and increasing internet accessibility are influencing consumer entertainment choices... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry in the industry are high and relate to the market dominance of major players and the cost of licences. The economies of scale illustrate the level of dominance by key industry players. The Radio Broadcasting industry generally has a high level of concentration. This makes it difficult for new potential entrants to obtain licences, acquire radio stations and compete in many regional and metropolitan markets.
The barriers to entry have been lowered in the regulatory sense with the effective deregulation of the industry and the lifting of all foreign ownership controls... purchase to read more