There is one major difference in the 10% of the population that is Hispanic and any other group of English speaking citizens, and it is the language. As a non-Spanish speaking person - like a vast majority of the population - I listen to several different formats at times. News, rock, country, oldies, sports - at some time all are on my radio. I will never listen to Spanish as I can't understand it at all. When only 10% of the population can even understand what is being said, it is a niche, regardless of its success in specific geographical areas like big cities.
Actually, at about 50,000,000 persons Hispanics are now close to 16% of the population.
While language seems to be a very "hard" barrier, it is no more of such than the cultural and nurture barriers that would prevent me from ever, ever listening to a classic rock or alternative station for more than a few minutes. Or the same barriers that would keep a very devoted Christian from listening to certain secular formats. And so on.
By your standard, nearly all formats are "niche formats" today when it is rare to find a major market station that gets over an 8 share and a 20 cume rating.
I would say that, in a very fragmented and stratified environment, the term "niche" has to be restricted to formats that have far more limited appeal than those in Spanish... formats like Jazz and Classical and others that are not found in many markets and when they do exist, get smallish shares.
Language is but one thing that divides people into taste groups.
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