Hockey, you are so right! The industry is looking for a scapegoat rather than evaluating the real issue -- their unwillingness to take risks and target any but the broad audiences. The success of 70's FM radio was based on a wide variety stations targeting different audiences with a broader mix of music. What the hell happened??? Now, except for the college stations and some public radio stations, it's formula, formula, formula with less than a dozen formats -- and each of those formats being repeated endlessly on other stations and across the country. Radio is no longer much fun! Radio no longer makes me go out and buy CD's because the only songs being played will become overplayed and tiresome soon enough! I bought my first Osibisa album long ago based on hearing African rock on the radio. Anybody hear that lately? Or even modern jazz? Anything so new that it shook you?
Sorry for the rant. IMO, music industry execs are pursuing a short term profit maximization strategy that will lead to long term erosion (sort of a local optima, temporally). Where's the vision? Maybe it is satellite as Tok suggests. Tok, are they playing anything new? Is there variety? If so, maybe that's the answer.