Ad rates are based on actual listening levels. A station in Camden, AR, might cover 50,000 people while one in Miami might cover 5,000,000 people. So the Arkansas station might cume 5,000 in the annual county by county Nielsen survey, the one in Miami cumes a half a million or more.
I'll betcha' that the local newspaper... I find one that is a daily in Camdenton... does not charge as much for its 5,000 circulation as the 100,000 that the Miami Herald has, either.
The fact is that in large metro areas, single location businesses are pretty much unable to use mass media like radio, TV and daily papers because their customer base is a tiny part of the metro area but the ad media charge for full market coverage.
I doubt the Lake of the Ozarks region saw that many visitors this year... not tourist based area has done well for the last eight months.
Oh, and in tiny markets like that where stations are owner operated, many of the restaurant ads are trade for the owner to use, not cash deals. Many, many small owner operated stations appear to be unprofitable. But the owner takes a salary and trades everything from their heater/AC unit to their car and their home maintenance. But the business model changes in larger markets where businessmen are more sophisticated and analytical and in many cases use local ad agencies for their campaigns.
And one of my first jobs was summers at WCCW in Traverse City, MI... another tourist based economy. There was very little advertising from tourist attractions because merchants knew... and that was 60 years ago so it is not new news... that tourists did not spend a lot of time listening to local radio stations while on vacation.
Well you and I have very different realities. Nearly every business in the Lake community advertises, especially in the Summer season because in Winter it goes to near dead zero. And we have competing stations doing High school football, the same high school...because there are that many businesses wanting to support it. All the tourists that come here blast our FM on their boat. It's played at nearly every waterfront bar. Hell I see posts on the Facebook groups all the time...."What's the best music station at the lake?" constantly.
And I can assure you those numbers are quite accurate. Look it up...Lake Ozark...the Mayor is all over national media because the entire region has been mask free. They only shut down for 1 month. TMZ did three stories on the area because they were having HUGE events and were not canceling it. The real estate market went so fast that they couldn't keep houses on the market. Places to rent are non-existent. In prior years, we did anywhere from 250,000 to 500,000 tourists per weekend....this year has been off the charts.
And I know all about the owner situation. I helped run the place I work for...I've managed traffic and billing, did sales, on air, news, remotes, board ops, concerts, events....we even produced television shows for 2 major powerboat racing events...us the little radio station, put a TV group together and sold national time.
Maybe we're just different...or maybe it's just a Mid-west thing...but I don't see that kind of stuff happening here. The closest thing to that here is what WAFC does in Clewiston.