Communications: Turned Up High

For those lucky U.S. entrepreneurs who are tuned into the radio business, the show has rarely been livelier or the volume higher. The U.S. has more radios than people—214 million—and the number is expanding by well over 10% a year. These figures make sweet music not only for the nation's radio manufacturers, but also for its 3,000 station owners, whose investments are increasing in value faster than the blue chips. Last week, in one of the largest deals in the industry's 44-year history, Manhattan's Capital Cities Broadcasting Corp. paid $15 million to Detroit's Goodwill Stations for WJR Radio in...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!