The New Radio Revolution, Heather Green, Tom Lowry, and Catherine Yang, Business Week, March 3, 2005:
For all the hullabaloo it’s generating, podcasting is not even close to being a business yet… Maybe a few will come up with a way to make a living doing it. Maybe not. Regardless, a trend is afoot that could transform the $21 billion radio industry. Consider the basics: With no licenses, no frequencies, and no towers, ordinary people are busy creating audio programming for thousands of others. They’re bypassing an entire industry.