BRNout said:
So now there are 5 full-market Spanish signals on commercial FM in Chicago! That's out of a total of 24 (if I include 106.3 - which isn't really full market) - more than 20%. Don't you think that it's a bit much? Especially when you consider that the Hispanic population of the market is a little less than 20% and many of those are listening to Kiss and B.
WOJO is a full market signal, and now WNUE. That makes two, not five. WLEY is a suburban signal, with partial coverage... among the best of that class. WPPN is definitely limited, and WVIV and WVIX are Class A's that have pretty limited coverage, considering the size of the market.
Everyone touts this as such a great business move. Really? Who's going to be listening? Mostly first generation latinos who tend to have low incomes and not much buying power. Thus the power ratios are lousy.
In Houston, several Spanish language stations have power ratios over 1, and in LA the leading billers are a few hundredths of a percent below a 1. In Miami, the leading power ratios are Spanish language stations. The trend has been for Spanish language stations to go up, while all others are erroding.
These aren't the up and coming latinos or the young educated latinos that advertisers crave - these are the janitors, cashiers and roofers doing jobs that Americans won't do. There's no freaking money there!!! That's why Univision has all those bush-league ads for Hongoman and other bottom feeder stuff. Sure, they run on a shoe-string and make money - but it's not all that lucrative for the most part.
In the major markets like Chicago and LA and Houston and Dallas, the Spanish language stations alone are generally live all the time, and have the most personality driven formats in those markets... and they all spend on promotion, talent, facilities and such. Sure, if you ave an AM daytimer in Spanish in Milwaukee, you run it cheap, because there is little revenue. But in the majors, the revenue supports good operations.
I would have thought that Clear Channel would have learned from their failure in Philadelphia 2 years ago with "Rumba." It lasted less than a year.
Clear Channel makes mistakes, but one thing has to be said and that is that they learn from them. In Philly, they neglected to see that the total Hispanic population was arond 4.8%, and then they ignored the Nielsen data that said that the group was about 65% Spanish dominant... the market is Puerto Rican, and under age 60, mostly second and even third generation and they speak English.
But they learned from that, it appears. They are now going into a market with a Spanish dominant majority, where there is only one other full signal station.
The big growth area... maybe the only one... in traditional media is Hispanic.