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del_griffith
Guest
Sometimes it's just hard to walk away from buying a double-wide.
borderblaster said:Would buying a stand-alone AM in Middletown really be an investment? The best possible scenario would be an owner gets in, does a Classic Country format with local news and high school sports. You get an upper demo audience that still will listen to AM (probably well over 50...and those who remember the WPFB of the 1960s and 70s are even older. So they work their tail off, get some respectable billing. Meanwhile even WLW starts simulcasting on FM within10 years. What is WPFB going to be worth in 10 years? Are you buying an appreciating house or a depreciating trailer with a $200.000 note?
pioneer71 said:I heard the asking price was $600,000.. The station is not worth it when you consider there is now no billing on the books, no audience and no staff in place.
Can the station come back? Yes it can as I said before you have to have the right management in place who understands the market and understands what AM radio is all about.
The problem we seem to have today is for someone be willing to invest in radio. The big boys don't want the WPFB's of today.
By the way for the fun of it - if you had the station what format would you go with?
XtraXtra said:A good model might be what they're doing with WLOH in Lancaster. Some network talk radio, some local shows and local presence, sports. Be out there as a member of the community. But Lancaster is still its own little enclave. Does Middletown still qualify as being in an enclave, or is it lost in the shuffle as development closes in on Butler County?
(What do I know, I'm just a hobbyist!) But I do know marketing and markets - I'm guessing that's going to be an important distinction on whether the station can be successful or not. Agree or not?
knowbetter said:I really depends on who and what takes on the challenge of fixing it....
Middletown, Franklin, Lebanon, Springboro, Trenton, and some of the surrounding areas that the station serves, should keep the station working well, and fine tuning to that area is what the station needs to be. Again, I have not looked at those areas lately, but I would guess that they still are likely to be fairly vibrant, still.
...
Can the AM stand alone again, probably...
borderblaster said:People in Springfield drive to Fairfield Commons to see a movie and eat out while leaving Upper Valley Mall empty.
nmoore6676 said:Failing that it might go like WBLY-WULM and now WOSU-AM into a Catholic radio voice as that seems to be the hot trend now in the area.
Any chance the Menards ad is a network spot that's carried in exchange for programming that may or may not be aired on that station and/or at that time? I hear Home Depot spots on stations that don't have local Home Depots...makes a person wonder.XtraXtra said:borderblaster said:People in Springfield drive to Fairfield Commons to see a movie and eat out while leaving Upper Valley Mall empty.
In addition to the rah rah aspect (which is important), I think another issue is whether or not there is a separate marketplace. If the biggest advertisers also have a presence in Springfield and Middletown, then I think you're hosed. But if Springfield and Middletown have their own business communities that are separate and distinct from Dayton and Cincinnati then you might have the chance to be viable. Whenever I listen to the Lancaster station, I hear ads for the local jeweler, the local hardware store, the local furnace guy, the local insurance agency, the local locksmith, the local car repair guy, etc. I rarely hear ads for the big Columbus jewelers and furnace companies. I think that's what's going to drive your success.
Interestingly, I hear a lot of Menards ads on WLOH, so I think you can also sell to the big guys if they have the small-market mindset like Menards has. And there is a Menards in Fairfield.
BobOnTheJob said:Any chance the Menards ad is a network spot that's carried in exchange for programming that may or may not be aired on that station and/or at that time? I hear Home Depot spots on stations that don't have local Home Depots...makes a person wonder.
XtraXtra said:BobOnTheJob said:Any chance the Menards ad is a network spot that's carried in exchange for programming that may or may not be aired on that station and/or at that time? I hear Home Depot spots on stations that don't have local Home Depots...makes a person wonder.
Nope. It's an ad specifically for the Lancaster Menards. I've also heard Elder-Beerman ads in the past as there is a store in Lancaster and I think Meijer ads (but don't quote me on the last one). I think what they do is a good model for a community-focused AM station.
My next question about Menards (we do have a Menards in our county of 60,000 population)...about three years ago, Menards always had Oldies playing in their store mixed with local Menards promos. Yet they refused to buy spots on the local FM Oldies station (who's tower sat within a mile of the store). I never quite understood why Oldies was the format of choice for in-store listening, but all of their radio ad budget went to the local country & A/C stations.markbohach said:XtraXtra said:BobOnTheJob said:Any chance the Menards ad is a network spot that's carried in exchange for programming that may or may not be aired on that station and/or at that time? I hear Home Depot spots on stations that don't have local Home Depots...makes a person wonder.
Nope. It's an ad specifically for the Lancaster Menards. I've also heard Elder-Beerman ads in the past as there is a store in Lancaster and I think Meijer ads (but don't quote me on the last one). I think what they do is a good model for a community-focused AM station.
Menards and Meijer are local buys- as is time Warner Cable. These companies still see the value of local media.
pioneer71 said:I think it is great about the year WHLO had. It is another example of how AM radio can still be successful.
I looked at your website and I was wondering why you air Bill Bennett 6 to 9 and you're not local with a morning host ?
markbohach said:pioneer71 said:I think it is great about the year WHLO had. It is another example of how AM radio can still be successful.
I looked at your website and I was wondering why you air Bill Bennett 6 to 9 and you're not local with a morning host ?
We have chosen to put our local programming from Noon to 3PM. (and 6-7PM).
This is because our main talk competitor from Columbus has Rush in that time slot. Anything
syndicated we would put there would be considered by most listeners as second tier programming.
Having our local hosts gives us a unique product focused on local issues.
So we zig when they are zagging and it has worked well for us.
Bennett has done well for us in AM Drive as we augment it with
local news, sports, etc.
I should also note that adding the two full-power
FM translators has given us a great footing as well.
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markbohach said:So we zig when they are zagging and it has worked well for us.
I should also note that adding the two full-power
FM translators has given us a great footing as well.