"DEAR FRIENDS OF RADIO"
By Sarah McBride
The Wall Street Journal
In January, a recreational vehicle in remote West Texas suddenly started blasting the Steve Miller Band's "Space Cowboy." It was a triumphant moment for Slacker Inc., a start-up trying to move Internet radio out of the computer and into the car.
Parked on the side of a road near Fort Stockton, Slacker's 36-year-old founder Celite Milbrandt uncorked a 1982 Chateau Lafite Rothschild to celebrate. A few hours later, he pointed the RV toward Las Vegas. There, Milbrandt demonstrated the mobile service for potential investors at the annual Consumer Electronics Show and ultimately raked in an additional $40 million in investments for his company.
Internet radio, which can draw on vast troves of music from around the world and customize them to a listener's personal tastes, is growing. While ratings for traditional radio broadcasters have been lackluster, Internet radio listenership in the U.S. has risen to 29 million a week, up from 20 million three years ago, according to Arbitron Inc. and Edison Media Research.
Even so, the nascent industry has yet to capture the biggest prize -- portability. Some halfway solutions exist, such as music devices that allow people to stream Internet radio on speakers, or software that allows technology buffs to access Internet radio from their phones. But results can be glitchy, expensive and technically against the terms of contracts with mobile-phone service providers. Now, start-ups and giants are jockeying for position in mobile Internet radio, in a race that could rearrange the business model of music and broadcasting.
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