I think the only likely "monetization" scenario from HD subchannels, whether they're used as a pretense to launch what are in effect new Class A FM signals and formats, or lease-out to narrowcasters, can be simply put: not much "money" in "monetization."
I know, I know - some HD-sub-analog FM translators are getting some ratings. But even an excellent 250-watt signal is not going to generate that much revenue on its own, even with a unique and attractive format. I see that a lot of these translator FMs are being used as flankers to bedevil competitors. That's the same tactical use Class As have been used for, for decades now. Take a look at the full Class As many clusters have in larger markets and tell me how many of them generate much billing.
As far as leasing the subs out for narrowcasting, such as ethnic, religious or paid programming - look back at how lucrative SCA has been over the years. ("The best predictor of the future is the past.") Some subchannels make a little money but certainly nothing sufficient to support a staff or a lot of creativity.
So a few operators make a few bucks from SCA programming. Do you see message-board posters crowing about how this portends a bright and growing future for SCA?
I know, I know - some HD-sub-analog FM translators are getting some ratings. But even an excellent 250-watt signal is not going to generate that much revenue on its own, even with a unique and attractive format. I see that a lot of these translator FMs are being used as flankers to bedevil competitors. That's the same tactical use Class As have been used for, for decades now. Take a look at the full Class As many clusters have in larger markets and tell me how many of them generate much billing.
As far as leasing the subs out for narrowcasting, such as ethnic, religious or paid programming - look back at how lucrative SCA has been over the years. ("The best predictor of the future is the past.") Some subchannels make a little money but certainly nothing sufficient to support a staff or a lot of creativity.
So a few operators make a few bucks from SCA programming. Do you see message-board posters crowing about how this portends a bright and growing future for SCA?