OC3 said:
You all still fail to realize that these big companies don't care about the ratings...it's all about the money!!!
And there is no way to make "big money" without ratings.
Granted, there are plenty of no-rated or low-rated stations that make money without large audiences, but generally they sell time blocks or do niche ethnic or special interest programming.
In New York City, if you want to bill $10 million or more... up to the highest billing level near $50 million... you need ratings. There is no station without good ratings in some desirable demo that is billing over $10 million, in fact.
In 2011, the 21 stations billing $10 million or over grossed a total of about $560,000,000. The whole market's total commercial AM and FM stations billed $586,000,000. So that's only about $26 million for all the other stations in the market.*
So much for billing without ratings.
Billings are obtained by delivering something of value to advertisers, namely "audience". More audience means greater ad rates and more revenue. Less audience means less revenue.
*(Note: not including the revenues of the embedded markets which, similarly, went to the top rated stations in each embedded market in the same kind of proportion.)