This report analyzes the worldwide markets for Radio Industry in Millions of US$. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Middle East & Africa, Asia-Pacific, and Latin America. Annual forecasts are provided for each region for the period 2006 through 2015. A six-year historic analysis is also provided for these markets. The report profiles 988 companies including many key and niche players worldwide such as Beasley Broadcast Group, Inc., CBS Radio, Inc., Citadel Broadcasting Corporation, ABC Radio Networks, Clear Channel Communications, Inc., Corus Entertainment, Inc., Cox Radio, Inc., Cumulus Media, Inc., Emmis Communications Corporation, Entercom Communications Corporation, Entravision Communications Corporation, Grupo Radio Centro, S.A.B. de C.V., Multicultural Radio Broadcasting, Inc., Nassau Broadcasting Partners L.P., NextMedia Group, Inc., NRG Media, LLC, Radio One, Inc., Regent Communications, Inc., Saga Communications, Inc., Salem Communications Corporation, Sirius XM Radio, Inc., Spanish Broadcasting System, Inc., Univision Communications, Inc., and WorldSpace, Inc. Market data and analytics are derived from primary and secondary research. Company profiles are mostly extracted from URL research and reported select online sources.

TABLE OF CONTENTS

RADIO INDUSTRY		  	MCP-1814
A GLOBAL STRATEGIC BUSINESS REPORT


                                             CONTENTS 

  I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

      Study Reliability and Reporting Limitations                       I-1
      Disclaimers                                                       I-2
      Data Interpretation & Reporting Level                             I-3
       Quantitative Techniques & Analytics                              I-3
      Product Definitions and Scope of Study                            I-3


 II. EXECUTIVE SUMMARY

  1. INDUSTRY OVERVIEW                                                  II-1
      The Radio Industry: A Prelude                                     II-1
       Competition                                                      II-1
        Table 1: Number of Radio Stations Owned by Leading
        Broadcasting Companies in 2007 (includes corresponding
        Graph/Chart)                                                    II-2
       What Does It Take to Survive in the Marketplace?                 II-3
       Impact of the Ongoing Recession: A Straight Talk                 II-3
        Weak Economic Conditions Reinforces the Strength of Radio
         Advertising                                                    II-3
        Changing Strategies: Key to Staying Afloat                      II-4
       Mobile Radio Listeners On the Rise                               II-4
        Radio in Telephony                                              II-4
       Transition from Analog to Digital Broadcasting Gains Momentum
        Worldwide                                                       II-5
       Advent of New Technologies Transforms Radio Broadcasting         II-5
        Technological Innovations Enable Radio Broadcasters to
         Compete Effectively                                            II-6
       Digital Radio: The Next Frontier                                 II-6
        HD Radio: The Latest Technology for Digital Broadcasting        II-6
        Government Regulations Worldwide Drive the Digital Radio Market II-7
       Contractual Agreements Generate Significant Revenues for
        Radio Stations                                                  II-7
       Presence of On-air Talent and Program Hosts Critical to Radio
        Business                                                        II-7
       SDR and CR Technology: Antidotes to Compatibility Issues         II-8
       Hispanic Population Drives Demand for Spanish-Language Media
        in the US                                                       II-8
       Liberalization Increases the Number of FM Stations in Arab
        Countries                                                       II-9
      Market Restraints                                                 II-9
       Economic Downturn Hits Ad Revenues and the Overall Industry
        Growth                                                          II-9
       Competition from Alternative Forms of Media Hinders Market
        Growth                                                          II-9
       Outlook: A Recapitulation                                        II-10
      Focus on Select Regions                                           II-10
       United States                                                    II-10
        Industry Structure: A Review                                    II-10
         Advertising: A Major Revenue Stream                            II-10
         Market Composition                                             II-11
         Traditional Radio Continues to Gain Audience                   II-11
          Table 2: Types of Music Broadcasted on Radio in the US
          (2007): Percentage Breakdown by Category for Hip-Hop,
          Country, Pop, and Rock (includes corresponding
          Graph/Chart)                                                  II-12
        Radio Broadcasting Technology                                   II-12
        Various Audio Platforms Competing for Listeners                 II-12
         Internet Radio                                                 II-12
          Table 3: Leading Internet Radio Stations in the US (2007):
          Percentage Breakdown by Listening Hours for Shoutcast
          (AOL), Clear Channel (Online), Yahoo Music, AOL Radio, and
          Others (includes corresponding Graph/Chart)                   II-13

          Table 4: Average Monthly Listeners of Internet Radio in
          the US for the Years 2008, 2010, and 2020 (includes
          corresponding Graph/Chart)                                    II-13
         Public Radio                                                   II-13
         HD Radio                                                       II-13
         Cell Phone Radio                                               II-14
         Podcasts and MP3 Players                                       II-14
         Satellite Radio                                                II-14
       Canada                                                           II-14
        An Overview                                                     II-14
       Europe                                                           II-15
        An Overview                                                     II-15
         GE06 Agreement                                                 II-16
       India                                                            II-16
        An Overview                                                     II-16
        Costs Associated with Radio Broadcasting                        II-17
        Prospects for Digital Radio                                     II-18
        Challenges & Opportunities for Radio Companies in Advertising   II-18
        Regulatory Issues                                               II-18
       China                                                            II-18
        Market Overview                                                 II-18
       Australia                                                        II-19
        Market Overview                                                 II-19
         National Radio Services                                        II-19
         Commercial Radio Services                                      II-19
         Community Radio Services                                       II-19
         Narrowcasting Services                                         II-20
         Datacasting                                                    II-20
       Radio Industry in Arab Countries                                 II-20
       Radio Industry in BRIC Nations                                   II-20

  2. TECHNOLOGY OVERVIEW                                                II-22
      Definition of Radio                                               II-22
      History of Radio                                                  II-22
      Channels and Station Categorizations                              II-22
       AM Stations                                                      II-22
       FM Stations                                                      II-23
      Radio Broadcasting                                                II-23
       Types of Broadcasts                                              II-24
        Live Broadcast                                                  II-24
        Recorded Broadcast                                              II-24
        Live-to-Tape Broadcast                                          II-24
       Broadcast Distribution Techniques                                II-24
       International Broadcasting: An Insight                           II-25
        Constraints for International Broadcasting                      II-25
       Technological Developments                                       II-26
        Terrestrial Digital Broadcast Service                           II-26
        Digital Audio Broadcasting (DAB) Technology                     II-26
        HD Radio                                                        II-27
        Satellite Digital Audio Radio Services (SDARS) Technology       II-27
        DTH Satellite Broadcasts                                        II-27
        Internet Radio                                                  II-27

  3. REGULATORY ENVIRONMENT                                             II-29
      Radio Stations Operate Under the FCC Regulatory Environment       II-29
       License Grant and Renewal Contingent on Credentials and Utility  II-29
       Alien Ownership Restricted                                       II-29
       Factors Determining the Assignment and Transfer of Licenses      II-30
        Public Interest Works as the Prime Determinant                  II-30
       FCC Policies Regarding the Grant, Renewal and Repealing of
        Licenses                                                        II-30
        Radio Stations Required to Serve the Public First               II-30
        Compliance to a Range of FCC Rules Mandatory                    II-31
        Equal Employment Opportunity Regulations                        II-31
        Broadcasting of Decent Materials Mandatory                      II-31
        FTC and DOJ Undertake Maximum Scrutiny of Radio Station
         Transactions                                                   II-31
       Revised FCC Multiple Ownership Rules Raises Concern              II-32
        New Regulations & Proposals May Pose Threat to Existing
         Broadcasters                                                   II-33

  4. PROGRAM/SERVICE LAUNCHES                                           II-35
      Clear Channel Radio Introduces Live Traffic Services              II-35
      Skokie Village to Launch Emergency Radio Station                  II-35
      National PTA Introduces PTA Radio                                 II-35
      XM Satellite Radio and ESPN to Unveil “ESPN Xtra” Radio Channel   II-35
      Salem Media Launches The Apple Radio Station                      II-35
      Salem Media Introduces Radio Luz                                  II-36
      Salem Media Unveils All-Business Radio Station                    II-36
      Cox Radio Rolls Out New Radio Station in Kentucky                 II-36
      Cox Radio Unveils Country Legends                                 II-36
      CBS Radio Unveils Sports Station                                  II-36
      CBS Introduces Advanced Video Platforms                           II-36
      Radio FM Channels to be Introduced in Tribal Languages            II-37
      Buzz Technologies to Launch Buzz Radio                            II-37
      Yobe State to Roll Out Pride FM Radio Station                     II-37
      Rural Radio Station Unleashed                                     II-37
      Corus to Introduce Internet-Driven Radio Station                  II-37
      Nassau Broadcasting Introduces 107 The Bone                       II-38
      Clear Channel Unveils Tailor-Made Mobile Phone Applications       II-38
      Slacker Introduces Premium Radio Service                          II-38
      CSR Introduces RadioPro                                           II-38
      Platform Launches Latest Radio Communications System              II-39
      IDEA Introduces M-Radio                                           II-39

  5. RECENT INDUSTRY ACTIVITY                                           II-40
      NRG Media Acquires Five Radio Stations                            II-40
      Colorado Public Radio to Take Over 88.1 FM                        II-40
      Cox Radio Acquires Six Radio Stations                             II-40
      RRsat Acquires Hawley Teleport                                    II-40
      Debut Broadcasting to Acquire Two Radio Stations                  II-40
      Capitol Broadcasting Completes Acquisition of Seven Radio
       Stations                                                         II-41
      Modavox Signs Letter of Intent for Acquisition of TalkZone        II-41
      RRsat to Take Over Satellite Business of Bezeq                    II-41
      Invicta Group to Purchase Radio Broadcasting Licenses             II-41
      XM Satellite Radio Merges with SIRIUS Satellite Radio             II-41
      Dream 107.2 and Radio Hampshire Enter into Merger Deal            II-42
      Metalloinvest to Form Joint Venture with Arnold Prize Group       II-42
      BBC Joins Hands with Five FM Stations                             II-42
      Entercom Collaborates with FlyTunes                               II-42
      Emmis Partners with WorldBand Media                               II-42
      WorldBand Media and NextMedia Enter into an Alliance              II-42
      CBS RADIO Partners with Last.fm                                   II-43
      Sports Radio 66 WFAN and New York Mets Extend Broadcast
       Partnership                                                      II-43
      Debut Broadcasting Corporation Partners with MJI Interactive
       and Boswell Media                                                II-43
      Corus Entertainment Forms an Alliance with Stream TheWorld        II-43
      Comcast Entertainment and ABC Radio Enter into Agreement          II-44
      Harris Corporation Signs Licensing Agreement with Voyant          II-44
      CBS RADIO Enters into an Agreement with AOL Radio                 II-44
      Entercom New Orleans Enters into Agreement with New Orleans
       Saints                                                           II-44
      Nassau Broadcasting Inks LMA Agreement with 1050 ESPN New York    II-44
      WORLDSPACE Satellite Radio and Delphi Enter into Agreement        II-45
      STMicroelectronics Join Hands with WORLDSPACE Satellite Radio     II-45
      Corus Radio Hamilton Extends Agreement with Hamilton Tiger-Cats   II-45
      Harris Supplies HD Radio Broadcast Transmitters to American
       Public Media                                                     II-45
      Regent Communications Enters into a Contract with MySimbook       II-45
      CBS Corporation Sells Three Radio Stations to Wilks Broadcasting  II-46
      Spanish Radio Association Voices Concern Over Portable People
       Meter                                                            II-46
      URBan Radio Announces Acquisition of WMSR-FM                      II-46
      Spreadtrum to Acquire Quorum                                      II-46
      Salem Communications to Take Over WTPS-AM                         II-47
      NPR and WGBH to Take Over National Public Broadcasting            II-47
      Magnum Radio to Take Over Radio Stations from NRG Media           II-47
      WYPR to Acquire WRXS Radio Station from Ocean City                II-47
      Bentley Commerce Takes Over Radio Forecast Network                II-47
      Mapleton to Acquire Seven Radio Stations in Spokane               II-48
      CalAmp Takes Over SmartLink Radio                                 II-48
      DBTB Completes Acquisition of Radio Stations                      II-48
      Northern Lights Broadcasting Announces Acquisition of KTTB FM - 
       B96                                                              II-48
      Sprint Nextel Corp Takes Over Washington MDS                      II-48
      NRG Media to Take Over Nebraska Broadcasting                      II-49
      Sprint Nextel Takes Over St. Louis MDS Co                         II-49
      Sprint Nextel Completes San Francisco MDS Co Acquisition          II-49
      CommScope Acquires Signal Vision                                  II-49
      Perry Publishing and Broadcasting Acquires Radio Broadcasting
       Stations from Radio One                                          II-49
      Culver Communications to Take Over Regent Communications          II-49
      Sprint Nextel Corp Takes Over Phoenix MDS Co                      II-50
      Merrimack Valley Radio to Take Over WCAP- AM Radio Station        II-50
      Sprint Nextel Corp Takes Over Milwaukee MDS Co                    II-50
      URBan Radio Communications LLC Acquires WMSR-FM                   II-50
      Sprint Nextel Corp Takes Over Los Angeles MDS Co                  II-50
      Greater Media to Take Over Radio Stations from Lincoln
       Financial Media                                                  II-50
      Cochise Broadcasting Takes Over KOMJ-AM Radio Station             II-50
      News Corp Acquires Stake in Imedi                                 II-50
      Regional Media Group Acquires Stake in Interradio OOO             II-51
      Enlightment LLC Acquires WYYZ-AM Radio Station                    II-51
      Legacy Communications Takes Over KTNP-AM Radio Station            II-51
      Galaxy Communications to Acquire 9 Radio Stations                 II-51
      Pohlads Acquires B96 Radio                                        II-51
      Sprint Nextel Takes Over MDS Co., Inc. from Bell Industries       II-51
      Lone Pine Acquires Minority Stake in Dogan Holdings AS            II-52
      Wilks Broadcast Group Acquires Radio Stations in Columbus and
       Kansas City                                                      II-52
      Legacy Communications Acquires Radio Station                      II-52
      Kenwood to Acquire Zetron                                         II-52
      UTV Media to Acquire FM104                                        II-52
      Balkan Broadcasting Acquires Infopress                            II-52
      Astral Media Takes Over Standard Radio                            II-53
      Regional Media Acquires Stake in Two Radio Companies              II-53
      Telecominvest to Acquire a Stake in Moscovia                      II-53
      Econet Takes Over EMG Media, Radiocafe and SanOrg                 II-53
      Finam Takes Over Bolshoye Radio Station                           II-53
      Communicorp to Acquire Radio Stations from Emap                   II-54
      Sun TV Acquires Stake in Red FM                                   II-54
      Odien Group Acquires Stake in Saran Broadcasting                  II-54
      SUN Sports & Entertainment Takes Over Sports Radio Event Network  II-54
      Town & Country Broadcasting Acquires Southampton Leisure 
       Holdings                                                         II-54
      Royal Broadcasting Completes WHYLAM Acquisition                   II-54
      Lehigh Valley Broadcasting Acquires WEST- AM Radio Station        II-54
      WGL Entertainment Holdings Acquires Stake in Open Road Television II-54
      KickRadio.com Acquires Media Broadcast Network                    II-55
      Rogers Communications to Take Over CIKZ-FM                        II-55
      Balfour Capital to Acquire Stake in Noble Broadcasting Corp       II-55
      LBI Media Holdings Takes Over KWIE-FM                             II-55
      Educational Media Foundation Acquires Radio Stations              II-55
      Access Industries Acquires Minority Stake in CTC Media            II-55
      Corus Entertainment to Acquire CIGR-FM Radio Station              II-55
      TMG to Acquire Sky Radio Group                                    II-56
      Entravision Communications to Acquire WNUE- FM Radio Station      II-56
      Clear Channel Radio Partners with Google                          II-56
      GAC and ABC Form Alliance to Produce GAC Nights                   II-56
      Entercom Communications Enters into Partnership with Nassau
       Broadcasting                                                     II-56
      Beasley Broadcast Inks Two-Year Agreement with James Loupas       II-57
      RRSat Enters into an Agreement with Asia Broadcast Satellite      II-57
      Entravision Inks Agreement with Arbitron                          II-57
      Arab Radio Broadcast Company Secures Radio Broadcast Licenses     II-57
      OCM Enters into a Purchase Agreement with Cumulus Media           II-57
      Radio One Sells Three Radio Stations                              II-58
      Regent Communications to Divest Four Radio Stations               II-58
      Radio One Sells WKAF-FM to Entercom Communications Corp           II-58
      Chrysalis Announces Sale of Radio Venture to Global Radio         II-58
      Mizati Selects Latino 96.3 FM to Launch Radio Campaign            II-58
      Entercom to Expand Radio Broadcasting Operations in San 
       Francisco                                                        II-58
      Triad to Acquire WGZO-FM 103.1                                    II-59
      Univision Acquires KLOK and KBRG from Entravision                 II-59
      Metro Networks Signs Renewal Contract with Beasley Broadcast
       Group                                                            II-59
      Beasley Broadcast Group to Takeover WJBR- FM 99.5Mhz              II-59
      Beasley Broadcast Group Acquires KDWN-AM Radio Station            II-59
      Ameron Television Takes Over TV K Lumea                           II-60
      The Angels Announces to Acquire Radio 830 KMXE                    II-60
      Peak Broadcasting LLC to Take Over California Based Radio
       Stations                                                         II-60
      Radio One, Inc. Acquires WRDA-FM Radio Station                    II-60
      Independence Media Acquires Radio Stations from Regent
       Communications                                                   II-60
      Regent Communications to Acquire WNYQ-FM Station from Vox Radio   II-60
      Saga Communications Acquires WCTU-FM from The Stair Co            II-61
      Salem Communications Acquires KORL-AM Radio Station from
       Hochman Hawaii                                                   II-61
      Entercom Communications to Take Over Radio Stations from CBS      II-61
      Nassau Holdings Acquires WKLB-FM Radio Station                    II-61
      Greater Media Acquires WTHK-FM Radio Station from Nassau 
       Holdings                                                         II-61
      Legacy Communications Acquires KIFO-AM Station from Eastern
       Sierra                                                           II-61
      Polnet Acquires WPJX-AM Radio Station from Multiculltural
       Broadcasting                                                     II-61
      Mission Nebraska Acquires KMMJ-AM Station from Legacy
       Communications                                                   II-62
      Bonneville International Takes Over KKFR-FM from Emmis
       Communications                                                   II-62
      Radio Assist Ministry Acquires KBPU-FM Radio Station              II-62
      Regional Radio Group Takes Over Three Radio Stations from
       Entertronics                                                     II-62
      The News Corp Ltd to Acquire Imedi                                II-62
      EduLink Acquires Mega Media Group                                 II-62
      Citadel Broadcasting Acquires KRDO-FM Radio Station               II-62
      Citadel Broadcasting Corp Acquires WEFG-FM Radio Station          II-62
      Clear Channel Communications Takes Over WRNX- FM Radio Station    II-63
      Cenla Broadcasting Co Acquires Four Radio Stations from Clear
       Channel                                                          II-63
      Iredell Broadcasting Takes Over WSIC-AM Radio Station             II-63
      Forever Communications Acquires Seven Radio Stations from
       Clear Channel                                                    II-63
      Whitfield Communications Takes Over Radio Stations from Clear
       Channel                                                          II-63
      Schurz Communications Acquires Radio Stations from Triad
       Broadcasting                                                     II-63
      Clear Channel Acquires KVJM-FM Radio Station                      II-63
      Clear Channel Acquires WFMX-FM Radio Station from The Walt 
       Disney                                                           II-64
      Clear Channel Acquires Van Wagner Communications                  II-64
      Cox Radio to Acquire WBGB-FM Radio Station                        II-64
      Peter & John Radio Fellowship Acquires WITH-AM Broadcasting
       Services                                                         II-64
      Hochman Hawaii Publishing Acquires KHCM- AM Radio Station         II-64
      Mountain Broadcasting Acquires WBTK-AM Station from Salem
       Communications                                                   II-64
      Principal Broadcasting Acquires Radio Stations from Television
       and Radio Broadcasting                                           II-64
      Entercom Communications to Take Over WILD- FM from Radio One      II-65
      Regent Communications Acquires WXMP-FM and WZPW-FM Radio 
       Stations                                                         II-65
      Mapleton to Acquire Ten Radio Stations from Regent Communications II-65
      Cumulus Media Partners Takes Over Susquehanna Radio               II-65
      Liberman Broadcasting Takes Over Radio Stations from Entravision  II-65
      Regent to Take Over Radio Stations from CBS                       II-65
      Entercom to Take Over WBEC FM Radio Station from Great
       Northern Radio                                                   II-66
      Urban Communications to Take Over Cyber Mesh Systems              II-66
      Border Media Partners to Purchase Radio Stations from CBS
       Corporation                                                      II-66
      Google to Take Over dMarc Broadcasting                            II-66
      Texas Instruments Acquires Chipcon                                II-66
      Europa Media Group Acquires RBMH Broadcast Media Holdings         II-66
      Corus Entertainment to Take Over The Beat and Cool FM             II-67
      Walt Disney and Citadel to Merge ABC Radio with Citadel
       Broadcasting                                                     II-67
      Clear Channel to Merge with a Private Equity Group                II-67

  6. FOCUS ON SELECT PLAYERS                                            II-68
      Beasley Broadcast Group, Inc. (USA)                               II-68
      CBS Radio, Inc. (USA)                                             II-68
      Citadel Broadcasting Corporation (USA)                            II-68
       ABC Radio Networks (USA)                                         II-68
      Clear Channel Communications, Inc. (USA)                          II-69
      Corus Entertainment, Inc. (Canada)                                II-69
      Cox Radio, Inc. (USA)                                             II-69
      Cumulus Media, Inc. (USA)                                         II-69
      Emmis Communications Corporation (USA)                            II-70
      Entercom Communications Corporation (USA)                         II-70
      Entravision Communications Corporation (USA)                      II-70
      Grupo Radio Centro, S.A.B. de C.V. (Mexico)                       II-70
      Multicultural Radio Broadcasting, Inc. (USA)                      II-71
      Nassau Broadcasting Partners L.P. (USA)                           II-71
      NextMedia Group, Inc. (USA)                                       II-71
      NRG Media, LLC (USA)                                              II-71
      Radio One, Inc. (USA)                                             II-71
      Regent Communications, Inc. (USA)                                 II-72
      Saga Communications, Inc. (USA)                                   II-72
      Salem Communications Corporation (USA)                            II-72
      Sirius XM Radio, Inc. (USA)                                       II-72
      Spanish Broadcasting System, Inc. (USA)                           II-73
      Univision Communications, Inc. (USA)                              II-73
      WorldSpace, Inc. (USA)                                            II-73

  7. GLOBAL MARKET PERSPECTIVE                                          II-74
      Table 5: World Recent Past, Current & Future Analysis of the
      Radio Industry by Geographic Region - US, Canada, Japan,
      Europe, Middle East & Africa (EMEA), Asia-Pacific (Excluding
      Japan), and Latin American Markets Independently Analyzed with
      Annual Revenues in US$ Million for Years 2006 through 2015
      (includes corresponding Graph/Chart)                              II-74

      Table 6: World Historic Review of the Radio Industry by
      Geographic Region - US, Canada, Japan, Europe, Middle East &
      Africa (EMEA), Asia-Pacific (Excluding Japan), and Latin
      American Markets Independently Analyzed with Annual Revenues
      in US$ Million for Years 2000 through 2005 (includes
      corresponding Graph/Chart)                                        II-75

      Table 7: World 10-Year Perspective of the Radio Industry by
      Geographic Region - Percentage Breakdown of Revenues for US,
      Canada, Japan, Europe, Middle East & Africa (EMEA),
      Asia-Pacific (Excluding Japan), and Latin America for Years
      2006, 2009 & 2015 (includes corresponding Graph/Chart)            II-76


III. COMPETITIVE LANDSCAPE

  Total Companies Profiled: 988 (including Divisions/Subsidiaries - 1037)

  -----------------------------------------
  Region/Country                    Players
  -----------------------------------------
  The United States                   494
  Canada                              199 
  Japan                                38 
  Europe                              198
     France                            40
     Germany                           14 
     The United Kingdom                55
     Italy		               21 
     Spain		               35 
     Rest of Europe                    33
  Asia-Pacific (Excluding Japan)       20
  Latin America                        49
  Africa			        1
  Middle East                          38 
  -----------------------------------------