RunWithScissors said:
Y100 was at best 2 share and would always be a 2 share which was fine for that niche. They were always going to appeal to the younger end of the 18-34 demo so they were no real threat to MMR.
If I remember correctly, WMMR and Y100 were both in the 2.x shares in 12+ ... you're talking +/- .2 to .4 tenths, which is pretty much negligible. It's just that WYSP did better because of Howard's huge numbers - as someone else said.
But if WMMR really didn't fear Y100 in the Post-Stern World ... then I guess they would've gone elsewhere to get a morning show, wouldn't they?
While we're waxing philosophical: What if Radio One had (a) held on to P & S, (b) kept Y100 on as part of their station group and (c) put some money into marketing the station (TV and Billboards)? Who knows ... but with Stern departing ... there were a whole lot of people who were looking for something new to listen to; Some chose Sirius ... most didn't. No matter where P & S wound up ... they were going to win by default - at least among those who wanted a "funny" morning show to listen to. I think they'd still split a good chunk of the audience with WMMR, because of what WYSP wound up doing. Whether you personally like them or not, P & S are the only (current) local morning show that can appeal to a respectable chunk of Stern's ex-listeners,
and people who wouldn't otherwise listen to Stern.
If you look at the numbers, even when Stern was in the "twilight" of his terrestrial career, P & S were gaining on him - maybe because people were looking for alternatives for when he departed, or whatever ... who knows, it's not important.
The fact is, when you have a huge morning show pulling huge numbers, the lower numbers the rest of the dayparts get pulled up when you average them all together. No other day part performed anywhere near as well for WYSP as morning drive during Stern's run, which (as was said elsewhere) was the only thing that kept them from being a 2.x station with Y100 and WMMR in 12+ ... though, really, who cares about 12+. I can't reference 18-34 or 25-54 numbers since I don't have them ... but you get my point.
IMHO, Greater Media played Stern's departure right. They spent the money, got an established morning show in, promoted it on billboards and (now) TV - of course, the media coverage about P & S's non-compete lawsuit cost them nothing - and then they just waited for the guy who's been keeping your station's numbers down to disappear.
Hey - Prop up a box on a stick with a string tied to it, toss in a nice carrot ... you'll catch something, eventually - especially when you
know there's a large group of "rabbits" coming.
Return on investment? Judging by the ratings = higher ad rates = more money principle ... I'd say that's a big time R.O.I.