Originally published June 12 2005
Audio media company could be in trouble with advent of podcasting
by Mike Adams, the Health Ranger, NaturalNews Editor
Audible, a service that sells digital audio books, audio magazines, newspapers and radio programs on the internet, could be in jeopardy from the popularity of podcasting, say analysts for Standard and Poors, who continue to give stock in the company a "sell" rating. S&P does not have faith in the company to overcome the numerous websites offering free content for portable media players.
- Standard & Poor's Equity Research has reitereated a "sell" rating on Audible, saying that "podcasting constitutes a growing threat" to the company.
- Audible is a service that sells digital audiobooks, audio magazines, newspapers, and radio programs via the Web.
- S&P analysts are concerned that podcasts will cut into Audible's business, "particularly its Periodicals and Radio and TV categories."
- S&P notes that many media outlets have begun to offer podcasts, and that there are numerous sources for free content for portable media players.
- Does the radio keep people from buying music?
- Does the library keep people from buying books?
- Does downloading music for free keep people from paying for downloading music?
- No, it helped to show there was a market.
- I for one certainly cancelled my Audible subscription - now that is so much free (and often better) audio content available.
- Aubible is good for long form - but the their magazine business is good as gone.
- - music and talk from around the world to your ears...
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