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FYI

Radio’s Big Challenge Finds An Answer

“Straight up, the biggest threat to radio is myopic leadership. We're in a period of remarkable growth and opportunity, yet so many leaders believe their job is to defend "’radio.’”

Radio’s Big Challenge Finds An Answer

By External Source

When you are out talking to radio people, what advice do you give them about how to build their businesses? What success tips do you offer?


They need to be able to see two things: First, a clear vision for the "new" industry that they would create. That vision involves being part of a bigger business than terrestrial radio. It involves morphing into a marketing powerhouse in which radio is only one part of the offering.

Second, they need to see the steps that should be taken today. Just what steps depends on where the station is at the moment.  If they're not selling marketing services--especially digital services--they should get started. If they're not thinking about buying a local newspaper or starting a direct mail initiative in their market, they should.  If they haven't set up a quasi-TV studio, they should.

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You get the picture. These are all steps toward the vision of being the go-to marketing company in their markets.  If they're successful at that, they'll capture business from every flat-footed newspaper, TV, Yellow Pages, direct mail, and radio rep in their markets. – Consultancy firm CEO Gordon Borrell (Borrell & Associates), Radio's Big Challenge: Finding Its Way Forward In This New Digital World, as quoted in a recent Forbes feature.

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Canadian Government Introduces Canada Creative Credit to Support 'Artistic Production'
Photo by Erik Mclean on Unsplash
Business News

Canadian Government Introduces Canada Creative Credit to Support 'Artistic Production'

The Mark Carney government's new federal budget also confirms a $600 million investment to provide relief to the audiovisual sector for 2026-27, which was first announced in June.

Canada has built a new support for the creative sector into the new federal budget.

The Carney government's 2026 federal budget was tabled Thursday afternoon (Nov. 5), and it includes a new and forthcoming Canada Creative Credit, described as a tax relief "for Canadian artists to foster creativity, artistic production and cultural entrepreneurship." In a subsequent message posted to X, prime minister Mark Carney revealed that Canadian artists can benefit from an exception of up to $45,000.

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