Talktalk said:
DE, I must agree with smokering, you got an answer for everything, half of them are wrong, but whose counting, you have a stout post count. I don't cut and paste as well as you, so I will just scattershoot some observations:
I seldom cut and paste, and if I do, it is to quote, legally, a source, with attribution.
I am glad you honor CA's, but they have been notoriously broken, that is how most of the news on this very site is broken about flips and changes...and you know that.
It has been my expereince that the people posting insde info are likely NOT bound by confidentiality agreements, or they are on the way out the door.
you posted the expense item based on the post from the....what the heck are you talking about? Just say, "oh yeah, I forgot that it is gross revenue only, not net revenue...good point"
Please reread the specific line I was responding to... where the prior poster referred to KEGL's promotional expense when it launched. I added that it had engaged in significant promotion in Q1 of '07, a comment which was relevant to the prior post.
Your math is fuzzy, if you owned a station and had ratings that were double the #2 station and had a 1 power ratio, then you were a TERRIBLE manager. You should have added more sellers and gotten your power ratio to a 4 or 5. THAT is why Programmers should not run stations.
If a station with a 14 share (the average of what we had) got a 5 power ratio, that means the station was extracting 70% of the billing from the market. Since there are over 120 stations in that market, and over 70 in the book, getting 70% of the revenue is not possible.
Power ratio: the percentage of market revenue relative to ratings market share. If a station has a 5 share in a $100 million market, a 1:1 power ratio would indicate $5 million in revenue.
It is rare to find major market stations with even a 2:1 power ratio. Often, the high ratios come from stations that have had a major decline in ratings, but have sustained revenues. A large number of the stations with a 2:1 or over, and there are only about 200 of them in the US, are in shadow markets like Santa Fe where most listening is to an adjacent market, where there are few local stations, and the local revenue is divided between few stations. Ann Arbor, San Jose, Bridgeport, Monmouth, Trenton, etc. are other examples.
And finally...THAT IS THE POINT. I have endured the "programmer" pov for years on this site, the CBS, CC, ABC...other owner group bashing from you guys who have NO CONCEPT how stations futures are determined.
I do not know what "pov" means, so I am not sure how to interpret the sentence. In any case, I do not bash large companies as I work with one of them... and I respect most of the major broadcasters most of the time. I have owned a company with 12 stations, and successfully managed single stations and groups as well... and worked on some major acquisitions in markets like NY, Miami and Hartford for example.
HKS is NOT a progressive, forward thinking format...it is a ratings giant that makes the revenue,
According to you, it should not be. Its power ratio is 0.93:1, less than a 1:1.
the TICKET is a remarkable station that has ALWAYS out billed it's numbers, THAT is the ONLY reason it is still around.
Like many sports stations in large markets, it has a higher (1.87:1) power ratio because sports stations can draw on sports marketing dollars that go to marketing, not radio... adding to the potential revenue pool. In additon, these stations deliver efficiently and with no spillage 25-54 men, so they are often at the top of the buy at the top rate. Having extra inventory compared to music stations rounds out the reasons they are such good billers in sports-active markets.
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