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Show Me The Money

From the Associated Press: The revival of the play "Grease" opens on Broadway in July. Tickets went on sale last week and sold $1.3 million in the first two days. Now why would anyone care about the life and music of the 1950s, right? Can radio and its advertisers learn anything from this?
 
TheFonz said:
From the Associated Press: The revival of the play "Grease" opens on Broadway in July. Tickets went on sale last week and sold $1.3 million in the first two days. Now why would anyone care about the life and music of the 1950s, right? Can radio and its advertisers learn anything from this?

Fonz, when are you going to realize that the issue is that major advertisers don't target 55+ audiences because it takes so much advertising to change their consumer patters that they can´t make money. It has nothing to do with whether there are 55+ consumers out there or how much they make. It has to do with whether the advertising produces greater profits than it costs, which generally it does not.
 
gee i heard baby i love U by the ronettes in a commercial the other day

i guess every market should have an oldies station by week's end, right
 
radiofriend1 said:
gee i heard baby i love U by the ronettes in a commercial the other day

i guess every market should have an oldies station by week's end, right


Not at all. Some stations may choose to go infomercials 24/7.
 
DavidEduardo said:
Fonz, when are you going to realize that the issue is that major advertisers don't target 55+ audiences because it takes so much advertising to change their consumer patters that they can´t make money. It has nothing to do with whether there are 55+ consumers out there or how much they make. It has to do with whether the advertising produces greater profits than it costs, which generally it does not.


I seriously doubt that everyone in the Grease audience will be 55+. And TV doesn't seem to be concerned about demos with its new Grease reality show. Apparently advertisers bought into that.
 
TheFonz said:
I seriously doubt that everyone in the Grease audience will be 55+. And TV doesn't seem to be concerned about demos with its new Grease reality show. Apparently advertisers bought into that.

But we are talking about radio, not the demos of a broadway show or a once a week TV show. The fact is that mostly 55+ listen to the traditional oldies format.
 
DavidEduardo said:
TheFonz said:
I seriously doubt that everyone in the Grease audience will be 55+. And TV doesn't seem to be concerned about demos with its new Grease reality show. Apparently advertisers bought into that.

But we are talking about radio, not the demos of a broadway show or a once a week TV show. The fact is that mostly 55+ listen to the traditional oldies format.


Maybe radio, especially AM, needs to abandon the "format" concept. Rather than try to program for 168 hours a week, start by programming for 4 hours on a Friday night or Saturday afternoon. I'm sure they'd be able to sell enough advertising for that. Eventually that time is going to be brokered anyway, if it isn't already. And it still gives some radio people a job, even if it is only part time. The days of people listening to radio for 10 hours a day are long gone. But like TV, people will tune in at a specific time if it's something they want to hear. Rush Limbaugh is proof of that.
 
TheFonz said:
Maybe radio, especially AM, needs to abandon the "format" concept. Rather than try to program for 168 hours a week, start by programming for 4 hours on a Friday night or Saturday afternoon. I'm sure they'd be able to sell enough advertising for that. Eventually that time is going to be brokered anyway, if it isn't already. And it still gives some radio people a job, even if it is only part time. The days of people listening to radio for 10 hours a day are long gone. But like TV, people will tune in at a specific time if it's something they want to hear. Rush Limbaugh is proof of that.

AM, save small markets, is not a viable (read: you can make more money than it cost to run one) medium for music.

FMs have formats because block programming has proven itself to be ineffective. Listeners tend to think in terms of format, not programs, on FM music stations. 95.3 is the soft station, 99.1 is the rock station, etc.

Specialty shows are somewhat common on weekends... but did you know why they started? It was to make up for the lack of available talent to do local shows... in other words, a way to have a decent show and use board ops. Generally, thse shows were barter, so they were put in dayparts where it was virtually impossible to sell ads... Saturday and Sunday 7 to Midnight and Sunday morning.

Ad agencies do not buy Saturday evenings, no matter what is on or what the numbers are. They generally buy 6 AM to 7 PM, with rare exceptions. They ask for bonus (free) spots in other times.

No matter what you do in those hours you mention, you can not sell it in a competitive market (One of the stations I am with is #1 total market by nearly 2 to 1 on Saturday evening, and the show does not have any agency business and limited local direct business). Doing oldies or zither music does not matter. No revenue, no translation into other dayparts.

Those shows that sell block programming (infomercials) or do brokered shows (uncommon on major stations) in off dayparts are not going to give up the revenue of either for an unnsalable music show. And block or brokered shows give just as many jobs as some music show, probably more.

Comparing Rush, the most listened to long-form show in America, to some oldies or do-wop show is a very poor comparison. Talk radio does work more like TV, as it is talk-based (pardon the redundancy) while music radio is mood based. No point of comparison at all, ever.

By the way, people on average, never listened 10 hours a day. The average weekly listening in 1951 was 21 hours a person. Today, it is between 19 and 20 hours in the sales demos (18 to 54) so your "ten hour" observation is totally inappropriate and inaccruate to boot.
 
True Story....I am PD of an AM Oldies station doing very well Thank You (meaning we make a profit)

A Casino here Launched a 50+ club!!! You would think since we gave them the idea and have the demo they are targeting that they would buy ads on our station.... right? WRONG the Twenty something buyer said they are targeting 18-49 yearolds! so when I asked why they are advertising a 50+ club on those younger stations she just yawned and changed the subject.
 
bobeeboxer said:
True Story....I am PD of an AM Oldies station doing very well Thank You (meaning we make a profit)

what is your market size (arbitron rank)?????
 
radiofriend1 said:
bobeeboxer said:
True Story....I am PD of an AM Oldies station doing very well Thank You (meaning we make a profit)

what is your market size (arbitron rank)?????

Most likely a small market.

In reality, advertisers will not advertise on a station that targets an audience fifty five years and older.

This guy's AM station is probably a small town mom and pop station too.
 
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