It was always going to be a sea of shows - the low barrier for entry, basically owning a microphone, means anyone can at least give it a shot. A bunch of friend

It was always going to be a sea of shows - the low barrier for entry, basically owning a microphone, means anyone can at least give it a shot. A bunch of friends rambling on Discord and calling that a podcast, is now a common practice. You need a very specific kind of person to produce a podcast worth your while. It needs to be extremely well researched, written for audio, and delivered a certain way. It will never be radio, regardless of the monetization model, because it's not live - which is arguably one of its biggest draws.