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That may be, but it doesn't change the fact that advertising agencies typically don't pitch non-commercial radio stations.
If a company wants to utilize underwriting or sponsorship, it'll come from a different part of the company than traditional advertising.
Wrong. Totally, completely wrong. The Marketing Communications Department is responsible for all marketing communications. They hire agencies to handle all aspects of their total marketing communications efforts. The reason why agencies seldom include non-commercial underwriting is that it is a specialty tactic, useful or necessary in a limited number of situations. When the client has a need for corporate image building, the non-commercial underwriting is one of the more effective tools. More commonly needed is brand positioning relative to competitors, and non-commercial underwriting is not effective for that task. But the fact that any given technique might only be needed in relatively few situations doesn't prove that it isn't an effective technique that is appropriate when and where it is needed.
For example, a natural gas company might need commercial radio ads, and lots of them, to convince consumers to pick their service over someone else's. But that same company might also need some serious image enhancement if tree-huggers are attacking them over fracking. For that latter purpose, non-commercial underwriting is one of the appropriate venues. So is commercial news/talk radio. Therefore, in that situation, a comparison of the ratings between Sean Hannity and All Things Considered is a valid consideration.