Thank you for posting this link to Jim Ladd's book. I read the Forward by Don Henley. He says that in the 80's, radio stations became investment properties for entrepreneurs who wanted to quickly turn a profit, so ratings was the name of the game. Consultants were hired to restructure and program the stations in the hopes of boosting ratings as soon as possible so that the(
station or chain of stations could then be sold. ( I'm indirectly paraphrasing Don Henley's words in order to respect the copyright).
That seems to be what is going on still today, where everything is driven by ratings, advertiser responses, and data. So if a senior even calls up a station like Randy's station in Tampa, it's a threat to the advertisers. It's all data driven. It's all statistics, because the focus is completely on the profits. Therefore, the end justifies the means, in the eyes of the multi-national conglomerate who owns the stations ( and flips them for profit). It's like contractors house flippers in high demand real estate markets like California & Arizona. JMO --- Daryl
I'm a fan of both Jim Ladd and Don Henley, but there's a bit of disingenuousness at work here. I'd say naivete, but I don't think either of those guys are naive.
Nobody ever built or bought a radio station to make a little bit of money. Ladd got in as a teenager in the early days of album rock at KNAC, and then moved on to KMET before the station was really popular. As a result, he got used to four minutes of commercials an hour. That was never Metromedia's intent.
To keep the lights on, pay the salaries of several dozen employees, including the disc jockeys, and many other obligations and costs of doing business takes money.
There are two ways to get money in broadcasting. You can sell advertising or you can be listener-supported. To sell advertising, you have to be able to show advertisers that you can deliver a large audience any and every time their commercial runs. And the way that's done---the way that's been done since the 1930s---is ratings.
Tom Donahue, who essentially invented FM album rock radio in 1967 at KMPX, moved to Metromedia's KSAN, a major corporation, because it had resources. He rose through the ranks and became general manager, and he was clear-eyed about it being a business and the need to be as attractive as possible to advertisers.
As he famously, if inelegantly put it: "If you get in bed with the devil, you'd better be ready to f***."
This didn't start with de-regulation in the 90s, didn't start with investment firms in the 80s, it started with the FCC in the 20s being okay with people getting licenses to broadcast on the public airwaves making a profit.