This U.S. industry comprises establishments primarily engaged in broadcasting aural programs by radio to the public. Programming may originate in their own studio, from an affiliated network, or from external sources.
The radio industry, categorized under NAICS 515112, is undergoing significant transformations driven by technological advancements and changing consumer preferences. One of the latest qualitative trends is the rapid adoption of digital streaming platforms. Traditional radio stations are increasingly integrating online streaming services and podcasting to cater to the growing demand for on-demand audio content. This shift is helping radio stations reach a broader and more diverse audience beyond their geographic limitations.
Another notable trend is the emphasis on personalized content. Radio stations are leveraging data analytics and artificial intelligence to tailor their programming to individual listener preferences. This personalization extends to targeted advertising, which is becoming more sophisticated and effective due to better audience segmentation techniques.
Moreover, there is a growing focus on local content and community engagement. Despite the global reach of digital platforms, many listeners still value local news, events, and culture, prompting radio stations to invest in hyper-local content to maintain relevance.
Looking ahead, the radio industry is expected to continue its digital evolution. Stations that successfully integrate digital strategies with traditional broadcasting are likely to thrive. The demand for high-quality, niche content is expected to grow, providing opportunities for stations to specialize and attract dedicated audiences. Additionally, advancements in voice-activated technology and smart devices will further influence how audiences consume radio content, making it more accessible and interactive.
AM radio stations
Broadcasting stations (except exclusively on Internet), radio
Broadcasting studio, radio station
FM radio stations
Music program distribution (except exclusively on Internet), radio
Piped-in music services, radio transmitted
Radio broadcasting (except exclusively on Internet) stations (e.g., AM, FM, shortwave)
Radio stations (except exclusively on Internet)
Rebroadcast radio stations (except exclusively on Internet)
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.