What a wonderfully awful time it is to be in the radio business -- a business so bad that disruptors are being disrupted at an astounding pace.
Consider Pandora Media (P +0.00%), the streaming radio service whose raison d'etre is to introduce you music you might like. The stock briefly fell 15% this week after reporting disappointing guidance. My Motley Fool Rule Breakers teammate Rick Munarriz did the math and found that far too few are paying for a Pandora subscription.
Why are we surprised by this? Pandora isn't dealing in original programming the way that Sirius XM Radio (SIRI +0.00%) is. Meanwhile, on-demand audio is also better than it's ever been thanks to podcasts. Find out more about how and why this format is gaining popularity in the video below.
