Not like we didn't see this coming.
From Inside Radio February 14, 2011:
Aging demos presents sales challenge.
As research shows radio’s audience continues to age, the medium risks becoming out of sync with the demographics most sought by advertisers. Buyers say it’s already having an impact on how they use the medium. With national driving the recovery so far, it may decide which formats are winners and losers.
Biggest formats going gray.
While still a big portion of the population, aging Baby Boomers are losing their appeal with advertisers. The result is a large percentage of radio’s three most-listened-to formats are slowly aging-off Madison Avenue’s radar.
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Still, baby boomers comprise a major portion of the buying demographic and in many markets are the stakes that hold up the tent. The question is, where do we go from here? All the apps,on line streaming and outside the box massaging won't turn the tide for stations whose primary demo is "aging out." Country, and in Buffalo particularly, WYRK, seems to be the format that covers the demographic spectrum and remains healthiest, thanks in large part to the way the Country Music Industry services and appreciates radio. Every Country performer on last night's Grammy Award Show thanked "our friends in Country radio." The artists (writers and producers) have the talking points and routine down cold, and more important, they continue to provide a product that reaches a broad demo.
Question is, without prejudice, how long will the Classic Rock and Classic Hits (my personal favorites) formats endure? Two weeks ago I spoke to a respected media person who speculated the decline will come sooner than many of us would like.
What?
"Like five years."
By 2016 these formats will fall off the table?
"Yes. The question goes beyond 'more 80s and/or 90s' which appears to be lipstick on a pig that doesn't address the real issues, those being that people who like Floyd, Hendrix, Zep, the Stones and the Beatles are getting older and Green Day and Oasis don't fit the format. The buys are all about 25-49 and even the locals are suspicious about the '54' part of the buys."
I'm hearing the Who pound out "Long live Rock" or is that "...hope I die before I get old." ?
From Inside Radio February 14, 2011:
Aging demos presents sales challenge.
As research shows radio’s audience continues to age, the medium risks becoming out of sync with the demographics most sought by advertisers. Buyers say it’s already having an impact on how they use the medium. With national driving the recovery so far, it may decide which formats are winners and losers.
Biggest formats going gray.
While still a big portion of the population, aging Baby Boomers are losing their appeal with advertisers. The result is a large percentage of radio’s three most-listened-to formats are slowly aging-off Madison Avenue’s radar.
_________________________________________________
Still, baby boomers comprise a major portion of the buying demographic and in many markets are the stakes that hold up the tent. The question is, where do we go from here? All the apps,on line streaming and outside the box massaging won't turn the tide for stations whose primary demo is "aging out." Country, and in Buffalo particularly, WYRK, seems to be the format that covers the demographic spectrum and remains healthiest, thanks in large part to the way the Country Music Industry services and appreciates radio. Every Country performer on last night's Grammy Award Show thanked "our friends in Country radio." The artists (writers and producers) have the talking points and routine down cold, and more important, they continue to provide a product that reaches a broad demo.
Question is, without prejudice, how long will the Classic Rock and Classic Hits (my personal favorites) formats endure? Two weeks ago I spoke to a respected media person who speculated the decline will come sooner than many of us would like.
What?
"Like five years."
By 2016 these formats will fall off the table?
"Yes. The question goes beyond 'more 80s and/or 90s' which appears to be lipstick on a pig that doesn't address the real issues, those being that people who like Floyd, Hendrix, Zep, the Stones and the Beatles are getting older and Green Day and Oasis don't fit the format. The buys are all about 25-49 and even the locals are suspicious about the '54' part of the buys."
I'm hearing the Who pound out "Long live Rock" or is that "...hope I die before I get old." ?