1250WTAE said:
Nearly a year after launching to much fanfare as New York and Chicago’s first all-news FMs, Merlin Media has dropped the format amid meager ratings. It has flipped New York’s “FM News 101.9” WEMP to “New Rock 101.9” at 10:05 this morning. The change returns rock to the former home of Emmis rock WRXP. In Chicago “FM News 101.1” WIQI flipped to hot AC as “i101.”
Terry Sheridan, who had been with WINS for eleven years, was offered and ultimately accepted the position of WEMP FM News 101.9 newsroom manager. He began his duties on June 11, 2012. In a thread posted here on R-I, board member Mike called the move
Career Suicide. 36 days later, Sheridan, along with multiple other FM News 101.9 staffers and on-air talents, were terminated.
I am wondering exactly how bad were the PPMs for WEMP. I know we throw around the 0.6 that is reported by Arbitron, but I am referring to key demographics. Was this station laying nothing but goose eggs in those all-important unreported key demos? Was this format, the entire on-air presentation, the whole thing... Was it all unsellable even by a really aggressive sales department?
I am guessing that internally there was much strife going on, and that recent hires, such as Sheridan, were not intended so much to improve the product as they were to pacify those at GTCR that Merlin was really committed to the FM News format. A format, by the way, which demands a large staff, and WEMP had NYC radio veterans, making format execution even more expensive. However, the repeated goose eggs were toxic to potential advertisers who wouldn't commit to buy time on a station with virtually no audience. The lack of positive revenue was not lost on GTCR, who demanded immediate action to stop the hemorrhaging in both New York and Chicago. And so the hammer dropped on the FM News format at 10AM EDT./9AM CDT. this morning.
To those in the know on the R-I forums, is this guess plausible?
As I said, I think the PPMs were horrific. If it is even possible to pull a negative rating, I think FM News could have done so successfully, even if that was the only success it could boast. The whole thing, from Chocolate FM to the amateurish logo (whatever that was supposed to represent, sure didn't convey news) to the poor audio chain and countless technical screw-ups were only a small part of what caused the failure of this FM News experiment.