DJ_Perry said:
Eric Stein said:
What are these "better ratings" you're talking about? They're doing just about the same as they were when they were "The Edge." There are formats that bill better than what they're currently running. That's the fundamental problem with radio today...not enough risk-taking.
They bottomed out with a .8 as Alternative. When they ditched that for the 80's lean format, I believe they about hit a 1.5, but they weren't happy and went current. Now they are at a 1.4 but were at a .8 two books ago
Here's what hard to tell so I will try and do my best to explain. 6+ ratings don't matter so stop quoting them. In honor of the great David Eduardo, "If they meant something, they wouldn't give them away for free."
It's about targeting key demos that advertisers like. Unfortunately, radio doesn't dictate that, the agencies do. As you all know, it's primarily 25-54 and 18-49 adults and a handful of female buys 25-54 and occasionally 18-49. In my current experience, we have almost no clients telling me they want formats with Men. I'm not saying it's right, it's the way it is (actually I think it's wrong).
There are occasions when having an exclusive format will help you, especially if you're down the ranker.
However, it is just an easier sell with a better set of advertisers when your composition is female these days. Remember too that a lot of those media buyers are females and they buy what they like too.
Some of the biggest clusters our clients compete with are "walls of women." I would advise to look at Clear Channel/Phoenix, or better yet Clear Channel/L.A.
Formats also have power ratios. The amount of revenue they bring in for the ratings they get. The last report we saw.
The latest power ratio data I have available to me shows Hot AC doing a 1.46 power ratio versus a 1.07 for Alternative (female format versus male).
So if the ratings for this station average a 1.4 this year (it did in 2011 as Alternative), you would theoretically bill 30% more.
Some formats are a better ROI.
Plus, you get music cycles et al.
I totally get frustrations ... because I have them too in what I do.