NEW YORK (TheStreet) -- As I explained this past week at TheStreet, the broadcast radio guys remain in denial. By some crazy stretch of their deluded imaginations, they don't consider Pandora (P) (and, presumably, its Internet radio brethren) a threat.
That's nothing but pure poppycock.
However, contrary to what my writing on the space might lead you to believe, I, more than most, want broadcast radio to succeed. If it gets -- or even just puts a clue on loan -- it might have a fighting chance to coexist, even successfully, alongside Internet radio for a long time.
I want radio, as we knew it, to succeed because I grew up on it and in it. I love the medium. I worked in radio as a teenager. It was my first career before ditching it in the year 2000 for other, mostly greener pastures.
That's part of the reason why, for me, it's sad to see the industry sit on its butt, responding to Internet radio with little more than a cheap knockoff like Clear Channel's iHeart Radio. iHeart Radio admits defeat at the hands of Pandora, Spotify and others as much as it promotes terrestrial radio itself. It effectively tells the user -- Here, you can access our stations, but you'll probably think they suck so you can create your own personalized station. One that, by the way, won't be as good as pure play Internet radio because we're reacting to what they have crafted, not forging our own righteous path.