Warren Buffett style.
According to him, nothing beats railroads when it comes to transporting a ton of goods. And few investments have so many barriers to entrance. While railroads aren't fast growing businesses, they will secure a large chunk of bulk transportation of goods as the US grows and its need to move stuff from here to there grows.
I think the same for radios. Given that you can skip ads on TV with the remote (even record programs without them) and block them on the internet, radios carry a slight advantage as users may be less incline to change channels when commercials hit. With the proliferation of mobile devices some of which will soon carry nextRadio, radios may become the new railroads with steady listeners for ads, sustainable growth and inexpensive delivery.
I listened to the webinar and asked a few questions. The direction this is taking is certainly interesting. It may take a while to see it translated into revenues/earnings but nextRadio could be opening a large window of opportunity for them. They may also get the added benefit of pioneering this stuff.
I like my investment here.