From PRNewswire: "With the proliferation of new mediums for audio broadcasting, the traditional radio industry is at a watershed, facing perhaps its greatest competitive challenge since the dawn of television. But in a comprehensive industry report issued today by William Blair & Company, the firm concludes that radio companies are well positioned as the next generation of audio broadcasting services evolves.

"The report's author, analyst Alissa Graham, focuses on ways in which digital technology will affect the radio industry, and how the industry can withstand competition. Graham also identifies and details the three most eminent technologies at the vanguard of the digital-age aural broadcasting movement: satellite radio, Internet radio, and digital audio broadcasting."

Read this release here.

The report stresses that since broadcast radio is ubiquitous, free, has an extensive audience reach, and has "blunt" targeting capabilities (through formats) -- it will stand up to the competition of satellite and Internet radio, for at least the short term. And should radio improve upon its existing services and invest in new technologies and develop new revenue opportunities, the analysts believe the industry will continue to produce excellent cash flow.

For a full copy of the report, contact William Blair & Company here.

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From BusinessWire: "Digital Club Network, the world's largest aggregator of live music copyrights, today announced the close of another round of financing worth $3.5 million.

With over 4,000 full-length concert performances archived and available on demand, Digital Club Network is one of the only digital music companies that actually owns the recordings of the music it presents.

The funding, which represents an increase in investment from Atlas Venture, is significant at a time when many new media companies have lost investor confidence, and points to Digital Club Network's continued growth in assets as a valuable long-term investment.

Read the press release here.

From New Media Music: "The Digital Club Network announced several new live music venues that have recently joined the Network. The addition of these new venues expands DCN's ability to capture, record and webcast live music from key markets including Los Angeles, San Francisco, Austin, and Seattle. DCN also announced that its European expansion will launch in April with a webcast from the Leadmill in Sheffield, England."

Read this segment here.

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From USA Today: "The number of songs available to trade on beleaguered online music swap site Napster has dropped by more than half as the service, under court order, continues to refine its file-filtering system.

"More songs are likely to disappear soon as the record industry adds to the list of files it considers to be infringing on copyrights. And millions of disappointed Napster users could disappear nearly as quickly.

"Market-research firm Webnoize says about 60% fewer digital music files are available, down from an average of 172 songs per user to 71, since the filtering system was improved Wednesday evening."

Read this story here.

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April 2, 2001	Digital Media Outlook: New York, NY
May 3-4, 2001	Streaming Media Asia 2001: Hong Kong