You know there IS an audience that is very underserved in today's radio market- the aging baby boomers. The younger folks have MP3 is players, XM, Sirius, a multitude of FM stations, many of which have, whatever their format, very limited playlists.
Older baby boomers (according to marketing 101) are the most product loyal of all age segments. A station has 24 hours a day to satisfy their listening audience but no one listens 24 hours a day. Therefore if a very creative AM station were to play 3-4 different formats at different times of the day (and not play the same stuff that is on competing FM stations) they probably can carve out a very comfortable, if not significant niche in today's radio market. I'd rather listen to "Innagodavita" on AM than Steely Dan on FM. I'd rather listen to some real classic country on AM than today's mostly whinny crap on FM.
AM cannot compete with FM for sound quality but for some it's not how it sounds, it's what is played. In some areas, particularly the midwest and in areas of varying terrain, AM can get out further than FM. And if large FM conglomerates do not fully research their local markets, that should be an advantage an small AM operator can expose to his or her advantage.
In conclusion, a lot of AM stations have chosen to broadcast news, talk, religious shows etc and could have, with some creative research, have identified and successfully targeted a good chunk on an audience that will listen and support their advertisers. Remember the golden rule- he or she who has the gold rules and that is the aging baby boomers.
Older baby boomers (according to marketing 101) are the most product loyal of all age segments. A station has 24 hours a day to satisfy their listening audience but no one listens 24 hours a day. Therefore if a very creative AM station were to play 3-4 different formats at different times of the day (and not play the same stuff that is on competing FM stations) they probably can carve out a very comfortable, if not significant niche in today's radio market. I'd rather listen to "Innagodavita" on AM than Steely Dan on FM. I'd rather listen to some real classic country on AM than today's mostly whinny crap on FM.
AM cannot compete with FM for sound quality but for some it's not how it sounds, it's what is played. In some areas, particularly the midwest and in areas of varying terrain, AM can get out further than FM. And if large FM conglomerates do not fully research their local markets, that should be an advantage an small AM operator can expose to his or her advantage.
In conclusion, a lot of AM stations have chosen to broadcast news, talk, religious shows etc and could have, with some creative research, have identified and successfully targeted a good chunk on an audience that will listen and support their advertisers. Remember the golden rule- he or she who has the gold rules and that is the aging baby boomers.