Here's a report that was done by the FMC:
http://www.allaboutcountry.com/cfm/news.cfm#33908 Study On Local Radio And Diversity Released By FMC The Future of Music Coalition (FMC) released its very complete report on radio station ownership consolidation. "False Premises, False Promises: A Quantitative History of Ownership Consolidation in the Radio Industry," the study states that consolidation has led to fewer programming choices for listeners, as well as harming the listening public and music & radio industry employees.
In the report, they found that the top four station ownership groups have almost half of all radio listeners and that local ownership has declined by almost one-third from 1975 to 2005. 15 formats make up three-fourths of all commercial programming and formats with different names can overlap up to 80 percent in terms of the songs played on them.
The results in this FMC report showed radio listenership has declined over the past 14 years since its peak in 1989. Additionally, the playlists of stations in the same format owned by the same company can overlap by up to 97 percent.
The FMC concludes from its findings, "radio consolidation has no demonstrated benefits for the public. Nor does it have any demonstrated benefits for the working people of the music and media industries, including DJs, programmers—and musicians."
"From the recent new-payola scandal to the even more recent acknowledgements that giant media conglomerates have begun to fail as business models, we can see that government and business are catching up to the reality that radio consolidation did not work, the authors state. They insist that the Telecom Act worked to reduce competition, diversity, and localism, doing precisely the opposite of Congress’s stated goals for the FCC’s media policy. Future debates about how to regulate information industries should look to the radio consolidation story for a warning about the dangers of consolidated control of a media platform."
Recommendations: Either maintain current ownership caps, or lower them, retain current attribution wells as well as encouragement of ownership by small, independent or minority owners.They also suggests the adoption of the Local Ownership Index that the organization has developed, changing the full-power licensing process, licensing more LPFM stations and the use of the digital audio broadcast (DAB) transition as an way to reallocate spectrum to entirely local entities.
On the issue of diversity, the FMC proposes the FCC find a more accurate measurement of diversity and end payola practices. They also suggest ways to improve access to data about radio stations and programming, such as making all basic information on stations readily available on the FCC's Web site.They conclude that, "Radio has great importance for our culture, our economy, and our democracy. The public deserves to see it repaired."
You can view the report in its entirety futureofmusic.org on the FMC's Web site.
The NAB, before the report had even been released today, issued its own response, disputing the results. According to the NAB and BIA Financial Network, the number of radio formats has increased in a variety of ways in recent years. The NAB also says that the 1996 Telecomm Act has not prevented diversity in radio, citing the rise in Spanish-language radio around the country, as well as growth in Asian and African-American targeted stations.
Dennis Wharton NAB EVP of Media Relations said in a statement, "FMC's long history of producing questionable research and dubious data to fulfill its agenda-driven mission is apparent for all to see. As the BIA Financial Network study indicates, free local radio has more format diversity than at any time in its rich history. Moreover, with the advent of HD Radio, local radio will be providing more news, more music formats, and more public service for the 260 million people who tune in every week."