Whatever local direct revenue WBEN is getting amounts to a spit in the ocean for Audacy. They already sold STAR which was a death blow to the Buffalo cluster. They only have one full signal FM there. If WBEN is doing as great as you say, they would have never discontinued the FM simulcast on 107.7...
Are you serious? The discontinued the simulcast because WBEN is doing bad? They took off the simulcast to add a new format.
News/Talk stations are the highest billers, with exceptions. WLTW is an AC in NYC is one of the highest billers in the country. WTOP Washington DC , News (not much talk) is the highest billing station in the U.S
Here is the deal with WBEN. The overall share of radio listening is down, so all stations are down in share relative to that. WBEN is taking an ever greater hit on top of overall market listening. Their morning show carries the entire station. The “talk” portion, the rest of the day is not doing as well. That’s what relates to programming
As far as sales, WBEN is the top-billing station for Audacy Buffalo. That does not mean it’s the most profitable. I would guess that WKSE is the most profitable. In either case, both stations used to bill a ton more. Since billing is down, expenses, including people are cut. Radio revenue is not growing for most operators, so the only lifeline is expense control. This would come from the personnel who are “hit or miss”. People you can survive without, or give the position to another current employee, usually without a raise for the extra work.
Commercial costs on most stations in Buffalo is almost laughable. There is no way you can service debt or even make a profit by selling commercials for that low rate, versus the debt service and the day to day operations. Thus, everyone is in the bankruptcy line
Sports team association is a huge loser for broadcast radio and TV. if it breaks even, that’s good. The ratings are there, but what clients need to spend is not. Especially in smaller cities.
Since we are discussing it, I would say WBEN is doing decent. Not great, not horrible. Same with WGR. It’s a great biller, but the overhead with the team rights is not profitable.
When the Soros foundation deal goes thru most likely in August, expect major staff cuts in the Autumn, along with more hub consolidation with systems and processes, along with managers.