Radio's Competition and Decline - Wikis 4-8

4. iTunes - Steve Jobs and the Apple team rolled iTunes 1 out on January 9, 2001. The first edition of iTunes was primitive, and lacked many of the commodities that we have today. You couldn't burn CD's on an external drive, and there was no iTunes Store, so buying music at $0.99 a track directly through iTunes was not possible at that point. To this point, Apple has released 10 updated versions of iTunes, with each version have small updates within each version. As of right now, Apple is at iTunes 10.4.

5. Sirius Satellite Radio - Satellite radio in the United States was born in 1992 when the U.S. Federal Communications Commission (FCC) allocated a spectrum in the "S" band (2.3 GHz) for nationwide broadcasting of satellite-based Digital Audio Radio Service (DARS). In 1997, two companies received licenses for digital satellite radio initiatives. CD Radio (Now Sirius Satellite Radio) and American Mobile Radio (now XM Satellite Radio). Sirius Radio was officially launched ,on July 1, 2002.

6. Pandora Internet Radio - Since 2004, Pandora has been one of the most popular Internet radio services for music listeners. The company launched as a publicly traded company in 2011 to raise the billions needed to keep the venture growing. Though revenues have exceed $100 million, Pandora has yet to turn a consistent profit. This is due largely to the immense costs of operating the site. Investors and music industry analysts still expect Pandora to grow exponentially in the coming years however.

7. iPods - In 2001, Apple and Steve Jobs rolled out the sidekick to their revolutionary iTunes, and that was the iPod. Primitive at first, the iPod was popular from day one, and as years went by, Apple released updated models, and more variety. Since some of the latest touch screen models have radio apps, the iPod has helped in what we can now say may be the downfall of radio as we know it.

8. Big corporations - In case you thought that inventions were the only thing stopping radio dead in it's tracks, think again. Much of the blame falls on big corporations that buy out all of the smaller radio stations (aka, the local ones) and put in less known DJ's who suck. Many of the big names are being fired weekly, and this is causing a mass shift in how we listen to our music these days.