Well...which is it...is Radio viable, or isn't it? Lol. And my point is about 55-74, not the typical 25-54 listener.
Okay. Let's take this bit by bit.
Make the business case for a format (not conservative talk---already being done) that targets the 55-74 listener. Where's your revenue coming from? Forget whether it can bill in the mid-to-high $20 million dollar range (as KRTH does now). Can it pay the bills?
We're skeptical because it's been tried and failed a few dozen times, resulting in jobs lost, formats changed, and in some cases stations gone dark.
Wow us.
(Which also means your first statement helps to fly in the face of poster Haggerty's post, claiming that "not all 30-40-somethings are poor." Sure, maybe a handful aren't.)
Except that 60% of Americans earn annual salaries of $40k or less, and the cost of living in LA is even worse compared to what was once considered "middle class" income levels, so...guess again.
A handful?
Are you honestly suggesting that most of the 86 million adults in the U.S. between the ages of 30 and 50 are poor?
Who's buying houses, cars, appliances, paying tuitions?
For clarity, the median annual salary for men in the U.S. last year was $50,391. For women, it was $37,726 (and we need to fix that).
45% of American adults 25-54 are married and a chunk of those who aren't are living together, so household income is actually a better barometer (it also includes single-person households). Nationwide, that number was $70,784 . In the Western U.S., it's $79,430.
And there are 70 Los Angeles-area cities and suburbs that outperform that Western U.S. average:
Median Income Ranking - Mapping L.A. - Los Angeles Times
Mapping L.A. is the Los Angeles Times’ resource for maps, boundaries, demographics, schools and news in Los Angeles County.
Almost always overlooked in any conversation about the higher cost of living in California are the higher wages paid.
Radio still caters to The Poor because IT IS FREE.
Wonderful. How does it make money to pay salaries, benefits, fees, power bills, etc. from that?
Radio is popular because it's not a pay service like Sirius/XM. This is a Radio board. People who pay for Sirius/XM have already given up 20mins of commercials an hour on commercial radio and don't care what goes on on terrestrial radio, or on here. Those who remain are likely not high-income earners.
You're making a huge leap of logic---thinking that everyone with money is buying SiriusXM and thus is no longer listening to OTA radio.
SiriusXM has 34 million subscribers---one-tenth the U.S. population. And as David would tell you if I didn't, that number is inflated by the number of new cars whose subscriptions will expire 90 days after the car drives off the lot.
Baby Boomers are the last living generation to have earned money to raise families, go on vacations, send kids to college, live comfortably, and save for retirement, and receive regular pensions, when money went far enough for them in the '80s to allow them that.
Nonsense. No question we had it easier (largely unburdened by student debt, for starters), but honest to God, if what you said was true, there wouldn't be kids in college, Disneyland would be out of business, home sales would have cratered.
You're right about pensions, and that's another conversation about the importance of unions.
Despite that, Radio gave up on them 20 years ago.
No, advertisers did that. Again, radio would LOVE to be able to program to everyone. It just broadens the potential revenue streams.
Last edited: