RatchetUp said:
Good points. If that's the case, then it's going to be tough for QAM and especially rough on WAXY. Both have big payrolls (and big rights fees) and they really don't have sister stations to easily combo up with. Since WINZ's costs are minimal I'd say their decision was an easy and smart one.
To answer your question...
I'd say WQAM's payroll is about 1.5 million per year on their talent. WAXY is close but under a million per year.
Here's where you're only partially right. WQAM pays big on rights fees of the Dolphins & Canes Sports (I would estimate about 4 million for both). WAXY's deals with the Panthers & Marlins are time buys. So, they dish out zero and make money from each for their respective seasons.
WQAM's sales staff is as good as any in the market. If not the best. WAXY's pails in comparison, but has been restructured and is functional under LF.
WINZ's costs may be minimal, but in a market like this you get what you pay for. Which means WINZ has little risk, but will reap little reward.
In this economy, where CC sales people are being capped on how much they can receive in commissions payments... I guess that's good.
Yes, you read that correctly.
CC is as close to filing for Chapter 11 as any radio company in America. No one is reporting that, but the fact that they are capping monthly commissions on sales people screams money issues & restructuring issues.
WINZ is flipping solely b/c it's an easier sell for sales people as a throw in (added value). It will not succeed in any way, shape or form. Not from a sales standpoint and certainly, not from a ratings perspective. But, it won't bleed and it has a slightly higher chance of making a few more dollars than Air America.
And those are the facts.