smedge2006 said:
You're starting a news-talk radio station. You have enough money for a news department that could provide updates during syndicated shows, or enough money to hire one or two local talk hosts. You can't do both. Which do you choose?
Lots of good answers have been given. Without knowing a lot more about a given market and the broadcast competition, generic off-the-shelf answers may or may not answer your question well.
My first generic, off-the=shelf answer: If you or the investor or the key person who will make this proposed station successful know how to do either one successfully, you won't be asking the question here. Your "gut" will already know what will work in that market and what will either sink at worst, or just dog-paddle along forever at best. But there are those of us who want to hear the reinforcement of input from others, or want to learn by listening in on someone else, so let's continue the game of arm-chair quarter-backing.
First thing I would ask: are we talking about a small stand-alone market, a rim-shot station that wants to focus on a fiefdom within the metro, or are you talking a many-station metro market?
Assuming it is a metro area, is it a big consolidated village like Indianapolis, or is it like St. Louis with 1,500 ;D towns, villages, townships, and TWO states involved. (I know 1,500 is a slight exaggeration.) In a Gainesville, GA or Hutchinson, KS or LaCrosse, WI a news operation can be created that "owns the market" if you are smart and diligent. In a multi-village metro area a local news operation has a higher potential of being the pimple on the left-south -end of a northbound elephant.
Here is the one where I am NOT going pretend I know the answer. If you want to do local talk, is it best to be in a market where either the liberal or conservative (or centrists) dominate the market, or do you want to be in a market where NO IDEOLOGY dominates the market. Before I committed to creating a local talk operation I would want to know the "political geography" of my market so I could decide if I am going to court one ideology within the market, or pull and Neal Bootz and ask out loud quite often, "Let's see. Who have I NOT pissed off yet today?"