Excuse me, aren't you the same person who has repeatedly told us radio can't make money targeting senior citizens? Personally I've always felt there's an opportunity there, and I point to Zoomer Media in Canada as evidence. But I've never heard you refer to the 65+ market as a "profitable slice" before. Always to the contrary, in fact.
Most stations can't make money off that demo.
I doubt that in transactional New York City that WABC can make money. But I don't think it was bought for that.
In smaller markets, ratings from Niesen and Eastlan are not important. If you are in Lamesa, TX, you can sell just on results, not demographics. And in medium markets, folks like our contributor in Buffalo, do well with a small capital station serving a group that no big owner wants to deal with.
I could never do that, as programmer, as manager, as owner. It's a different world requiring special owners. Either markets with little transactional business or ones with no ratings. And they require a local owner with many contacts and loads of dedication.
I don't think Zoomer in CA is particularly profitable. The AM has been readjusting for several years... but it even succeeded at all I think due to the CANCON rules and the Canadian government's steps to both keep AM alive and to not allow a proliferation of AM stations that are daytimers or have poor local coverage or are otherwise cripled.
Anyway, this is the most buzzworthy thing Cats has done with WABC. If the radio forums are any indication, there's a strong appetite among the target demo for some old fashioned AM top-40 radio with the screaming DJs to match. Sure the sound quality sucks and the style is outdated but people love their nostalgia, that's the whole point. It's like the old Thunderbird at the classic car show, a terrible vehicle by today's standards but who wouldn't stop to admire and love it anyway?
The greatest value of having the show is the huge amount of promotion it is getting. It will not get a huge audience, but it gives them five stars on the refrigerator door.
All the best to Brucie for a successful show with devoted sponsors and great ratings. The best case scenario is that the show does so well, Cats will ultimately blow out the terrible daytime programming and go all-in on the nostalgia...keeping a Sunday morning slot reserved for himself to bloviate, of course.
The show will do nicely, but not great. It will get a few sponsors, likely ones being vendors to Cats' supermarkets, and all will be happy and they will get a nice halo effect from the effort.