And we know by experience as well as from statistics and research that the older a consumer gets, the more tied they are to specific products and brands. To an advertiser, that means that the older consumer will need to hear or see more ads before they try a new or different product.You're right, but neither David nor I ever said that consumers over 50 don't have purchasing power. What we've said very consistently; is that many advertisers which broadcasters rely on for their existence, are primarily interested in reaching a younger audience. It's just business, nothing personal. Heck, David and I both fall into the 50+ bracket, but we also understand our place in the advertising demo orbit.
And those advertisers represent a vastly smaller "universe" which is not big enough to support local music radio formats.Absolutely. There certainly are advertisers who want to reach older folks. Right wing talk radio has been profitable because advertisers know that's where a certain demographic lives. Same with classic TV 'diginets'.
We see a parallel about 50 years ago in the decade of the 70's when teen accounts gradually dropped off radio in favor of other media options. So, Top 40 stations that heavily focused on teens became more interested in very young adults and a whole format was transformed. Today, we see the focus on 18-49 and 25-54 being more and more important.There's a lot of money to be made if you have content that's popular with the older set, especially on TV.
Some on this site get so butt hurt about some stations not being interested in reaching seniors. Just like programming to the 50+ crowd, other stations just program to a younger audience that certain advertisers want to reach. Nothing new. It's been this way for decades.
Most important, major advertisers seeking both teens and seniors have moved almost entirely to network TV as their traditional media choice. And, of course, to new media's highly targeted choices.