Marconi said:
The problem is major markets like Chicago rely on regional/national agency buys. Those agencies are only buying 18-49 or 25-54. The boomers who have money to spend (far more than their parents) are stilly buying toys in their 50's and 60's but they are supposedly not important to retailers.
Bull.
Stations like WLS-FM who go after an older demo have to go after more local retail dollars and not rely just on on national/regional agency buys. Unfortunately, groups like Cumulus in markets of that size are not set up to do so and don't understand the concept. So, formats that appeal to older demos (35-64) who still listen to the radio as their primary source for music are being cut out.
Notice how in smaller markets Classic Hits stations are still viable. It's because they sell direct to people who own businesses and believe in that demo and format.
Hey, Marconi:
Have you ever gone to an ad agency buyer and argued that case? I have. Here's the answer you get:
"You're audience is too old. When are you going to start playing music that appeals to people in their 30's and 40's?"
And smaller markets are not immune to this, either. Just 2 hours away from Chicago, in what was then market 215, the oldies station lost 50 cents on the dollar about a decade ago because of a perception that the audience was "too old". And, by the way, local advertisers who used in house or regional agencies were also a hard sell, too. And, during that time, that station was #1 25-54 for a couple of years. It was the "perception", not "reality" the station's sales staff could not overcome. Bad sales staff? Or management? I can't say for sure. It's all water under the bridge now. I admit there were some other factors that may have affected this (the fact that the station was once a hybrid playing music up into the 80's, but was pulled backwards to the more traditional "oldies" approach.) Though an understandable programming decision at the time, it may have, given the direction the format was going, been a miscalculation as, perhaps, the advertisers thought the previous way (though certainly not well executed from a programmer's perspective) was more "cutting edge".
The classic hits audience, if programmed to correctly, reaches 35-54 year old listeners. They are wanted by advertisers. Over 55's is where you run into the real serious trouble. The ad agencies use means other than radio to reach those people. Most will not even entertain it. You're assumption here is that one of the main audience draws is 18-34. While that audience can be and often is very important (depending upon format and advertiser), it is not as important as 25-54. And it's not just the 25-34 component that is important to advertisers. If a format can deliver both demos, it's even better.
I agree with David, unfortunately, that the DJ's of the 60's and early 70's may not be the right talent to use in these stations. It might be better to go to the 80's for these stations, as those are the DJ's listeners in their 30's and 40's might be more "nostalgic" for.