PrivateSector said:
Radio furloughs wouldn't have to take place at all if these greedy CEO's and their cronies would just take a reduction in their big bonuses. I said reduction, not totally give up those big fat unearned checks. We're in this situation because of corporate greed. You know the story.
I understand what you are saying, however all of us collectively as a society can be regarded as greedy as well for loads of reasons. But given the subject of the string, I'll refrain from getting into all of that.
It may sound contrary to many of you given what I usually discuss, but I never had an issue with those who are in leadership capacities, in any company, who draw handsome salaries, bonuses and have lots of perks such as large expense accounts or the use of a private jet. Those who make the tough, correct decisions and guide a company, keeping it profitable, should be rewarded. Where I have issue is I don't believe the decisions of the past several years as it regards to radio and especially the Jax market have been the correct ones. So, yes it does infuriate me to see those at the top profit in excess at the expense of really good radio people who are regarded as a liability and not an asset. I am equally angry that financial gain is also achieved by having little regard for their real client - the listener.
PrivateSector said:
The guys that will ultimately have the most success as professional broadcasters in the future will be the small independent operators that are broadcasting die-hards that know how to serve their audience on a local level. Some of these folks have been fired from CC, Citadel, Cumeless, CBS and the rest but know that there are still 235 million people out there that sample radio every week. That's a lot of people. That can be, in time, a lot of revenue.
Radio isn't over. There are a lot of people that won't pay $12.99 a month for the same thing on a satellite. That's who your available audience is. It's not the 12-25 year old. They never really were into radio. There are way too many other choices for them. It's the 40+ crowd with more spendable income than any other group that terrestrial radio must serve.
Very well said, Private. I can't begin to tell you how much I hope and pray that one or two small operators can come to our town and serve the community well on a local level. The current thinking of fragmenting the audience even further by playing spoiler peeling off listeners of one station in favor of another is not a winning long-term stategy IMHO. I believe commercial radio needs to do all it can to GROW the pie, not cut the slices even smaller. The fight is on for listeners because of increased competition and technology. As has been said countless times, radio will have a needed hook if it is local and inclusive of all segments of the community it serves.
l agree too in that the younger/youngest members of the audience are the most likely to seek, if you pardon the expression, music alternatives. The advertising rules that so many of you subscribe to can one day be a part of your undoing if you don't engage in a total audience market mix for your cluster. Look, younger people by nature are impulsive, easier to manipulate, not set in their ways or habits and usually want to be the first to have that new gadget. Remember a little thing called FM? The younger demos abandoned AM music first because they wanted stereo and they didn't want to listen to their parent's radio station. History is repeating itself. You have to diversify your audience folks! Trying to attract mainly to those who don't have real attatchment to you or a history is not in your best interest.
It takes a lot of hard work and innovative thinking to be a success. Achieving monthly revenue targets is a valid business goal and I have no issue with that. But how this is being achieved does not ensure success in the long run. I may be the eternal optimist but I believe a lot of good radio lies ahead. It's up to the decision makers. If they do the right thing for their listeners and advertisers and hire (granted a small number) real radio talent who have the passion and drive to succeed, well then I would agree CEO and senior management salaries would be justified. Today, they represent a huge expense and yes, given what they have done to achieve this, it IS pure greed.