"The radio forms the backbone of social discourse. Around this hallowed box, millions of families converge nightly to get their daily dose of news and entertainment. Millions of people are employed by the radio industry, and millions more depend upon it. Whatever changes the winds of time may blow our way, you can be assured of this: The radio will remain the primary medium through which the public gets its information and entertainment."
Scarcely 20 years later, it would have been exceedingly difficult to find someone to defend this argument. Just as the carriage makers gave way to the automobile, just as film gave way to digital, just as news gave way to the web: so too, will Hollywood give way to that which surpasses it.