HappyPappy said:
radioguybroadcasting said:
Al Timiter said:
....and could someone explain how they have been able to "keep the lights on" after literally years of getting hammered in the ratings???How have they been able to survive? They must have to nearly give away time...
lack of ratings doens't always mean lack of money.. they could be doing quite well in the $$$/advertising department.
how so? the cost to advertise on ANY medium is based on the number of impressions your ad will generate. bad ratings typically means a small number of listeners. a small number of listeners means low cost advertising. trust me. advertisers aren't paying a premium to reach CD's target audience. they could reach in much more effectively with other stations in town.
CD101 does indeed get to charge a premium for certain categories of advertising based on their strength in their core demo. Booze is their #1 crutch (financially speaking - I make no claims for how the staff manages to deal with the ratings) and they put a lot of effort into supporting beer and liquor sponsors with promotions. They are also able to sell themselves as "narrowcasting" to the young affluents and to the early adopters of technology/gizmos/cars etc. in Columbus. It's not coincidental that the Short North, Campus area, Clintonville and Grandview are home to some expensive boutiques and restaurants - the same people who shop and live there are people who make up the 101 audience. Listen to who their local sponsors are and you can pretty much chart their locations within those neighborhoods.
An advertiser may be able to reach more gross listeners in that demo on another station, but they'll also be reaching a huge number of people who aren't in that target and pay two or three times as much for the privilege. CD101 has done a good job of presenting the argument to sponsors that a huge audience doesn't do much good if only a fraction of that audience is interested in listening to your call to action.
They manage to stick around and keep the lights on by virtue of being privately owned - no shareholders demanding sea change every time they don't get a decent dividend - and by keeping labor costs low. At some point they decided it was worth it to the bottom line and the ratings book to hire rookie jocks who'll happily work for next-to-nothing (recall Alive's blog entry about Rudy G's dissatisfaction with pay as the reason he left for greener pastures...in Toledo).
To get back on topic, maybe someone decided the jocks sound not as cheap if you broadcast them in mono rather than full glowing stereophonic color.