The 75+ still has more net worth than 55-64. It's clear from this graph that Buddy is thinking about reaching people with the net worth. That is a smart move. Hearing that Buddy spends half the year at his house in Key West (plus radio station) says to me he is not wrong, plus I bielieve [sic] the 55 plus crowd are the only ones who still care about radio.
There appears to be a distinct and sizeable difference in the listening habits and disposable (liquidity) income between 55-64 and 65+. Oldies is without question a 65+ format, arguably 70+. In Buffalo (Erie and Niagara counties), for reasons previously stated, the format fits and make money.
As to format appeal, Classic Rock has morphed into a strong 55-64 format (which continues to attract a significant shares of Men 18-34, 25-44) and is charging toward 65-74 appeal.
A 74 year old was born in 1950 and came of age musically ten years earlier, 1962-65 ... the Vietnam war beginning to attract attention as ranks broke pro and con; JFK, RFK, MLK ... British Invasion, Motown, Pop Music. Do the year-of-birth breakout. A 64 year old was born in 1960 and came of age musically around 1972-75 ... tail end of the Vietnam war, Nixon, gas rationing; Zeppelin, Beatles, Stones, Cream. There was a lot of flux and change going down.
The two age brackets can be as dissimilar as much as they may have threads of commonality. Women 65+ traditionally have less enthusiasm for Classic Rock and will show preference to Classic Hits which features hits, some of which may have filtered through from Album Rock (Doobie Brothers, Fleetwood Mac, Paul Simon, etc.) Women 65+ gravitate to Oldies, get their 'new music' stimulus from Country and in some cases, traditional and Hot AC.
Men 65+ will show preference to Classic Rock, with a slight-to-moderate bent to Oldies.
There's an array of fragmentation attributable to gender and demographics. The venn diagram gets pretty complicated.
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Reality 2024= WECK is an AM station with some low power FM translators. Oldies is likely the best format option. Realistically, what else would do better than what they have now? Other formats have been tried on this station with underwhelming results...
Countless radio pros knew, years before WECK flipped, that
Oldies was the wide open hole in the Buffalo radio format derby. WHTT had morphed from Oldies to Greatest Hits (just another descriptor for Classic Hits) and was quite successful. It then turned hard right and went to the Mix format, which failed. Oldies begged to be adopted and WECK's decision to fill the Oldies hole was wise, both formatically and with regard to revenue. Some would say it was a no-brainer.
WHTT came to its senses, dropped Mix and returned to Classic Hits. Ironically, a certain amount of music now in rotation on WHTT comes from the music era that was offered when the station was Mix. Timing is of the essence. The Mix music blend of 2007, particularly the 90s, was a bit ahead of the curve, but right now, it's more fitting with what constitutes the ever-changing definition and demographic appeal of Classic Hits.