atlantaboy said:
BTW I just want to be clear why I'm questioning this...it's nothing personal
There are 18 stations in Philadelphia with a share of 2.0 or greater - WRFF comes in 8th (in terms of share), and, again 1st in the 18-34 demographic - their overall share is 4.5
In order for Radio 104.5 to be 18th in billing, nearly every single full FM Philadelphia station would have to be billing higher than it, including stations with a share of 2.0
First, lose the focus on 6+. There are no 6+ buys.
Second, some formats over perform, some under perform. This is based on key demos, format suitability for advertisers, and even bias on the part of buyers.
WIP FM has a 1.3 power ratio. KYW has a 1.19. WMMR has a 1.4 (so there is no objection to rock per se... just the WRFF format) and WDAS does 1.15. WBEB is at a 1.15 too.
WUSL has a 0.7 power ratio... showing that the appeal of the country format, despite long heritage, is lower among buyers. WRDW has a 0.68... while urban over performs in that market, urban AC under delivers revenue.
Obviously, there are reasons why a highly rated alternative station performs so poorly at the revenue generation stage. And that sort of question makes anyone in NYC antsy about switching a "perfectly good radio station" to alternative there.
In addition, every station in the 18-34 demo ranked #2-#10 would have to be billing higher than the #1 station in that demo
Ratings are only a part of the buying dynamic. Stations must match the rate goals (Cost Per Point) of the buyer, they often need to give value added (bonus spots, events, online, etc.) and other services. Sales also depend on the skills and talents of the sales staff.
In other words, agencies do not have to buy any station. They can pick and choose pretty much at will as long as they deliver the client's key demos and desired number of impressions, etc.
18-34 is a secondary buying demo. The core demos are 25-54 and 18-49. In markets with large ethnic populations, 18-49 is becoming more prevalent as it focuses more on the concentration of the major ethnicities in younger demos.
WRFF averages #2 in both 25-54 and 18-49. Why they can't convert this performance to billing is a mystery to me. But the same issue applies to other low power ratio stations I have mentioned.
And I feel like this topic is key to whether a format flip to Alternative would be financially beneficial to stations at the bottom end of the New York City market
Thank you. That is exactly my point. If there is uncertainty about ratings, caused by past experience with younger leaning rock genres in New York, and many instances of stations underperforming in the ratings vs. revenue areas, then it is unlikely a profitable station would flip. Too risky, too costly.