Online radio revenues will see double digit growth, says report

MONTEREY, CA - Radio's on-line revenues are expected to grow by double digits in 2009 as broadcasters turn to on-line streaming and mobile apps to help offset traditional ad revenue declines, according to SNL Kagan.The market research firm projects that revenues will top US $441 million by year-end, up 12% from $394 million annually in 2008. Looking forward, it forecast an annual on-line revenue growth rate of 20% in 2010 to $530 million. As the market matures, growth is expected to level off through 2013, rising to $827 million, or 4.7%, of total radio revenues by the end of the...