Re: Geezer formats
> >
> If WNEW 1130 were around today, it would not sound like the
> WNEW we remember. Instead, it would be more of a Middle of
> the Road with some of the name standard artists like
> Sinatra, Nat Cole, even Ella Fitzgerald. But it would also
> feature Barbra Streisand, Norah Jones, Dave Koz, Rod
> Stewart, Michael Buble, Steve Tyrell and other artists doing
> familiar material. And did I mention the non rock hits of
> the 1960s and 1970s ?
So, it would still be a defintely 65+ audience.
>
> That said, I am not sure it would do $ 30 million but I do
> think that it could pull enough listeners from other
> stations that it could do between $ 15 and $ 20 million and
> that is a far cry from what WNEW 102.7 billed.
Try $3 million, which is what 1560 bowed out with 7 years ago, when the old farts were slightly younger farts. Today, everyone is about 8 years older, or has croaked.
>
> My theory is that you rely on local direct retail for 60% of
> your business with the remainder being filled out by
> regional agency business and national advertisers.
New York has very few local direct accounts that can afford the kind of rate needed to bill $15 million (we are talking $500 spot rates minimum) Only agecy accounts have that kind of money, and they don't buy 55+.
> And I
> have no problem with 18 minutes of commercials in an hour.
In theory, of course. Unless you bottom feed with $100 dollar spots (billing potential at that rate is about $4 million a year, max.) you can not sell direct with a format like that.
>
> Bloomberg Radio has not had the success many projected and
> there are a lot of reasons for that.
But it has had the success that Michael Bloomberg envisioned, which was to give a radio voice to his information services. The idea was about branding, not about bing a billings or ratings monster. As such, the staiton is highly successful.
> Yet, as David Eduardo
> correctly points out, Bloomberg uses the station as a
> promotional device for their other services.
It is more of a branding and imaging proposition, more than promotion. Those who listen do nto need to be told what a Bloomberg terminal is.