If ad-free services had existed in the 50's, media would be very different today. It's a different environment, but radio still reaches over 85% of all people today and that makes it a viable medium for advertisers.
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There is no money there. Even huge and influential organizations such as CBS Television have spent over a decade visiting marketers at the highest executive levels to try to get the 18-49 or 25-54 focus expanded, but with no luck at all. Advertisers come back with the fact that seniors can't be efficiently (meaning "profitably") targeted with ad campaigns while still representing a profit.
"Radio still reaches over 85% of all people today and that makes it a viable medium for advertiser."
EXACTLY.
"There is no money there. Even huge and influential organizations such as CBS Television have spent over a decade visiting marketers at the highest executive levels to try to get the 18-49 or 25-54 focus expanded, but with no luck at all."
Well...which is it...is Radio viable, or isn't it? Lol. And my point is about 55-74, not the typical 25-54 listener. (Which also means your first statement helps to fly in the face of poster Haggerty's post, claiming that "not all 30-40-somethings are poor." Sure, maybe a handful aren't.)
Except that 60% of Americans earn annual salaries of $40k or less, and the cost of living in LA is even worse compared to what was once considered "middle class" income levels, so...guess again. Radio still caters to The Poor because IT IS FREE. Radio is popular because it's not a pay service like Sirius/XM. This is a Radio board. People who pay for Sirius/XM have already given up 20mins of commercials an hour on commercial radio and don't care what goes on on terrestrial radio, or on here. Those who remain are likely not high-income earners. Baby Boomers are the last living generation to have earned money to raise families, go on vacations, send kids to college, live comfortably, and save for retirement, and receive regular pensions, when money went far enough for them in the '80s to allow them that. Despite that, Radio gave up on them 20 years ago.