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Infinite Dial 2008 Report Shows
Increase In Weekly Online Radio Audience
The Infinite Dial 2008: Radio's Digital
Platforms, the latest study by Arbitron and
Edison Media Research, shows continued growth in
usage and ownership of various forms of digital
audio platforms, including online radio,
iPod/MP3 players, and podcasting.
Key findings from The Infinite Dial 2008:
Radio's Digital Platforms, include:
The weekly online radio audience increased in
the past year to an estimated 33 million.
Thirteen percent of the U.S. population age 12
and older have listened to online radio in the
past week; up from eleven percent (approximately
29 million) in 2007. On a weekly basis, online
radio reaches more than one in seven 25- to
54-year olds (15%).
AM/FM radio continues to have a big impact on
people's lives. The study asked consumers to
rate the impact different digital audio
platforms has on their lives. More than one in
five (21 percent) consumers said radio has a big
impact on their lives; ranking second only to
mobile phones (33 percent) as the audio
platform/device that has the biggest impact on
people's lives.
iPod/Portable MP3 player ownership continues
dramatic growth. Nearly four in ten (37 percent)
own an iPod or other brand of portable MP3
player; up from 30 percent in 2007 and more than
two and a half times the number in 2005 (14
percent). Nearly three-quarters (73 percent) of
those ages 12-17 own a digital audio player.
Audio podcasting usage continues to increase
along side the proliferation of iPod/MP3 player
ownership. Eighteen percent have ever listened
to an audio podcast; up from 13 percent in 2007.
Nine percent have listened to an audio podcast
in the past month (an estimated 23 million).
More than four in ten weekly online radio
listeners have a profile on a social networking
Web site. Those who regularly listen to online
radio are much more likely to participate in
social networks; 41 percent of weekly online
radio listeners report having an online social
networking profile (compared to 24 percent of
the total 12+ population); more than one-third
(37%) visit social networking sites nearly once
per day or more.
The Internet is gaining on radio as the medium
to learn about new music. In 2008, radio is
mentioned as the medium "you turn to first to
learn about new music" by about half of
consumers (49 percent), with Internet at 25
percent. In 2002, radio was mentioned by nearly
two-thirds of consumers (63 percent) for this
perception, while only nine percent mentioned
Internet.
"Traditional radio and Internet-only radio must
realize that they are now part of an even
broader world of online information and
entertainment options and respond accordingly,"
said Pierre Bouvard, president, sales and
marketing, Arbitron Inc. "Advertisers who want
to go where the trends are pointing need to be
more involved with the new forms of audio media
as they continue to expand."
"Users continue to prove that they want to
consume radio on their terms," said Tom Webster,
vice president, Edison Media Research.
"On-demand media and a wealth of portable
devices are creating listening occasions that
were previously either unavailable or
under-utilized, which is increasing the overall
demand for audio content."
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Music123
Announces Trade-In Cash Out
Service For Used Music Gear
Trade-In Cash Out (TICO) is a
new program launched by Music123
to give customers the ability to
trade in their used musical
instruments and equipment.
Through a simple four-step
process, musicians can exchange
their used electric or acoustic
guitars, keyboards, bass
guitars, drums, cymbals, or
other music gear for cash or a
credit.
The Trade-In Cash Out process
starts with the customer
describing their music gear with
a free, no-obligation quote form
that's submitted to the TICO
website. After submission, the
customer will receive an offer
for their music instrument or
equipment. If the customer
accepts the offer, he ships it
to TICO using a pre-paid
shipping label provided. After
the shipment is received,
provided the trade-in matches
the customer's description of
his gear, a credit or check for
cash is sent.
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