atlantaboy said:
I have a very hard time believing your stat that WRFF is 18th in billing, and in the past 12 hours no one on either the New York or Philadelphia board has been able to back you up - if they are truly #1 18-34, which AllAccess just posted that they are, and rank at or near the bottom of Philly radio in billings, something is incredibly wrong - it could be a misprint, you could have misinterpreted the information, or maybe Clear Channel had some huge expense they had to pay for - I have no idea
Business 101: "Billing" is the gross income of a radio station before expenses. As the word would indicate, it is the amount the station charges advertisers and expects to get from them. Then the station pays operating expenses, and if anything is left over, that is BCF or Broadcast Cash Flow. Then interest, depreciation, amortizations, impairments, etc. are deducted and that is pre-tax profit.
Any special expenses would
not impact billings.
The station billed $4.2 million in 2012. There is no interpretation or misprint there. The power ratio is 0.3. Pure math.
I illustrated the fact that there are quite a few stations in Philadelphia that have power ratios over a 1.0. That means that they are taking more than their "fair share" of revenue out of the market. That means that these over-performers take more of the money off the table than just their audience share would justify. Advertisers like them better... and at the end of the day, there is less money left over to go to the other stations that have a hard time selling time. WRFF is one of the underperformers.
What I do know is that WRFF has a reputation for being an extremely successful Alternative station
It gets good 18-34 and 18-49 numbers, but they can't sell it. Hello. That is why there is obviously a perception that this is a bad format choice for any currently profitable station in NYC.
- so much so that Clear Channel flipped a Rhythmic CHR in Atlanta to an Alternative format modeled after Radio 104.5 in Philly, and in the past two months, share has gone from 1.8 (under Rhythmic CHR) to 3.3 (as an Alternative station)
Again, the station was only billing $2 million a year. There was nothing to lose; it's a rimshot and may not be truly viable. But it is worth a gamble since there is no downside. All the NYC stations currently being mentioned except Pacifica have huge downside risk.
DC101 in Washington is trending up,
Heritage, with a long history of around a 1 power ratio.
KROQ in L. A. is one of the top billings stations in the country,
Heritage, in the #1 billing market in the US. It has a very high visibility in LA, and good buyer acceptance.
Neither are comparable to a startup, and much of the success of each is in their stability and reputation with buyers.
The Buzz in Houston is doing extremely well, Denver has an Alternative station in the Top 5, and the format is clearly in an upswing
You are basing your criteria of "doing well" on ratings... 6+ valueless ratings... and not revenue. Broadcasters look at conversion to revenue.
I gave you the figures from the Arbitron annual format analysis "Radio Today 2013" and it shows that alternative is up about 5% in share 2011 to 2012, but down about 20% over the last 5 years. The format is not, per the people who do the ratings themselves, on any sort of dramatic climb.
I've got a successful Alternative station in Atlanta to listen to all the time, so I'm good - people can read what both of us have posted in this thread, and then make a decision about NYC
The Atlanta station got one improved book. Agencies don't buy one book. They buy multi-book averages and trends. If the station does well going into the October or November, agencies will start to consider it. So the station is not "successful" by any standard.
And neither your thoughts nor mine will weigh a milligram in the format decisions about Alternative in NYC. We are both, here, armchair quarterbacks.