clouseau said:Ditto. But first off, revenue ain't profit. Revenue is... well Revenue. Sales. Input. To say that revenue us Hemorraghing is not exactly factual.vsa said:Every year, I see still more colleagues and competitors get the axe or be forced into early retirement so their organizations can make budget. I'm talking about positions from top to bottom. Some of the best people in the business. The downward spiral in my market and most others continues to be relentless. I have been one of the fortunate ones so far.
I will gladly conceed that the amount of money spent PER STATION is down from preconsolidation days. WAY DOWN I would suspect. However, let's look at a group by me in a top 150 market.
3 FMs. Between them they have...
1 Traffic person (Not 3)
5 air people (Multiple stations for most. One is an Ops guy)
No engineer (The Ops guy does their limited IT and they contract RF)
4-5 Sales People (Varies month to month.)
1 Sales manager/GM
A couple of very part time "Board Ops" for club remotes and stuff.
That's 11 people for 3 pretty well rated FMs. 3.6 per station total. That's lean and mean for sure. The rest was considered fat.
I know consolidation isn't popular, but the big guys found a way to make a higher profit than the original owners. The lack of funds for additional staff are being used as debt service for the aquisition. In other words, Todays spotloads are being used to fund the money athat allowed the previous owners to retire "on the beach". Don't blame Lowery Mays. Blame Mom and Pop who sold the best signal in town for more money than they could imagine. Funny thing is, some of those people are the loudest complainers. You know the "Well when I was in radio.." gang. Times are different.
While I don't care for the state of affairs, I'm sure not sure the GOV'T should be fixing it.
Just my .02
As an aside about accounting, have you ever seen a successful motion picture or television series actually show a profit on paper?
What's it they say? Figures lie and Liars figure ...
Clouseau
Sure, I could have said it differently. Industry wide, traditional revenue this decade has been relatively flat and is now heading south in many cases. If you're not growing, you're actually falling behind. Some of that is being offset by non-traditional revenue, namely revenue from streaming.
I put a ton of blame on buyers who knowingly overpaid with sucker (stockholder) money, not caring that they would be gutting an industry in their quest for monopoly and riches.