What if the idea was focused on markets? What if public radio stations within a market were to pool resources to garner underwriters?
This idea would work best in markets where there is very little program overlap. Baltimore might be a good example. WBJC offers classical music with an audience share o 2.2%. WEAA offers Jazz and programming aimed to serve minorities with an audience share of 0.6%. WTMD is a AAA station with a share of 0.7 percent. WYPR is Baltimore's NPR station with a share of 3.1%. Individually, station shares are moderate to small. Collectively the audience share is a respectable 6.6%. The top station in the market is WWIN (MAGIC95.9) P6+ in BALTIMORE in JUNE with an 8.9 share.
Of course, this assumes the stations within a market would be willing to collaborate to create more marketing clout.
Philadelphia is another market where the public radio stations could benefit from a combined marketing effort. The combined cume of WHYY, WRTI and WXPN is 6.2% according to Arbitron PPM figures for the Spring Quarter provided by RRC
Some stations already benefit from having more than one signal in a market with a different format on each of the signals. Minnesota Public Radio, Colorado Public Radio, New York Public Radio and WGBH, Boston benefit from cross-format marketing. This is something I proposed at CPBI. If approved, the combined share could have been 6%.
Combining shares:
- MPR 10.8%
- CPR 5.6% (CPR is about to add a third format)
- WGBH/WCRB 3.1%
- WNYC/WQXR 4.2%
How could individual stations share combined underwriting revenue? A simple idea would be to divide up the revenue by listener hours. That could be done for the entire topline or for specific dayparts depending the client's contract.
No comments:
Post a Comment