Last year the radio industry took in more money and boasted more stations than ever before in history. But this look of ruddy health was a sorry illusion. Actually, radio's pulse was irregular and feeble; it was seeing TV spots before its eyes.
A sickroom air hung this week over Chicago's Stevens Hotel as 1,500 radiomen gathered for the annual convention of the National Association of Broadcasters. Instead of milling happily in & out of hotel suites for three days with drinks in their hands, the delegates sat glumly and listened to disquieting speeches. An NAB veteran said he had never...