Porky Hooton said:
You don't have any bankruptcies yet, like with Atlantic fiasco in Pleasnatville, but Scott might be close. Ms. Scott just passed away, and she and her late husband were the glue that kept that group together. One of their stations just went dark, so that group doesn't show much promise.
Wow, this is a group with 3 of the top stations in the market (Beach, OC 104, and Big), and one that seemingly hasn't gone on any station-buying sprees lately. If they do end up going bankrupt, that certainly tells you something about the state of small-market radio today. Do they have debt problems from overpaying for their stations, or is the market just that terrible?
To be fair, the station that went dark really was a waste of electricity to begin with. 106.1 is very much in the middle of nowhere and only 4 kW. It rimshots Salisbury, but doesn't really cover any other populated portion of the market. Don't remember how well it was doing when it was a standalone format, but I'd be surprised if it broke a 0.5 share. With 95.3 simulcasting the Old School R&B format and adequately covering Salisbury, there was really no point to 106.1 anymore, and Great Scott had nothing else to put on it.
Anyhow, to reply to the original poster, OC/Salisbury is a strange market. It's geographically spread out with a bunch of distantly located small population centers instead of one big one with surrounding suburbs. It bears some resemblance to Scranton/Wilkes-Barre in this regard (minus the mountainous terrain), and also bears some resemblance to the Atlantic City market (also somewhat spread out and also a resort area). Like both Scranton/Wilkes-Barre and Atlantic City, OC/Salisbury is over-radioed and most stations are not doing well because there is so much competition.
To be successful a station needs one of the following: a gigantic signal (e.g. 104.7, 99.9), a simulcast (e.g. 97.5/105.9, 98.5/103.5), a well-placed signal (e.g. 103.9), or a format that is expressly tailored to the coverage area (e.g. 92.7 for the white, conservative retirees in Southern DE; 95.3 and 98.9 for the African Americans near Salisbury).
Another strange thing about this market is that it's named after the Maryland cities of Ocean City and Salisbury, but the most populated and fastest-growing portion of the market is Sussex County in Southern Delaware.
The most obvious format holes appear to be CHR and Oldies, both formats that were doing decently but are going away when K-Love takes over 92.1 and 105.5. CHR would have little competition as Rhythmic OC 104 leans Urban and Hot AC B101.7 was still playing lots of 80's music last time I checked. Oldies has competition in the northern part of the market (Cool 101.3 and 107.1 The Duck), but after 92.1 is gone, there will be no Oldies in the southern part of the market.
There also might be room for an older-leaning AC in the market, given the population of retirees and the fact that Q105 is sounding fairly Hot AC these days.