DeadAudicy....
Great point on radio audiences becoming older {I was laughed out of a certain public radio Station Manager's office once when I pointed this out in 2001...he said we have to find ways to reach teens...my blank stare was greeting by his own, 'cause he was serious}....
And your reasoning on why Sacramento has, for years, been a great test market sounds spot on.
However, I am one of the world's weakest business people.....I have a pretty good hunch I can program, but cooler heads would be in charge of the books....you sound like you're up for the challenge!
My bank is currently preoccupied with foreclosing on anything that doesn't move and writing off billions....
I do believe this: I think too much radio is too fast paced, too Energizer Bunny to even be understood....I want more info on what just played, maybe a bit of history or even {gasp!} some personnel.....the current idea that more than six words about an artist or song {unless they buy time or offer giveaways} is a lecture is, frankly, silly....and commercials, when put in 4, 5, or even longer spot blocks, are wasted....the sponsor's message isn't paid any attention, which defeats the entire purpose.
Short blocks are greater values to the client...and to the listener....I think Clear Channel was right on it a few years back when they cut some excess spots out of each hour {I was there when they initiated it, and it did sound much improved.}.
Back briefly to that station manager....while he was chewing various portions of my anatomy off for several reasons, in the background, a NPR program was finishing...so I said, "Let's take a break here...I want to hear this." I, for one, listened as "Fresh Air" began...and I asked the SM, "Who's underwriting this?" {The underwriting had just aired.} He couldn't answer. It was raced through to get that one more paid spot in...and the whole message was rendered useless...but that lesson never was learned.
And, yes....I realize I left your excellent business advice in the dust a few paragraphs before....told you I had no business sense!