from Jacobs Media
The restaurant business is littered with eateries that started with great promise, only to fizzle out. Kind of like radio station formats. For today’s blog, it’s a look at consumer food products and the lengths they now go to in order to stand out and grab attention – without compromising the essence of their brands. I hope that deep into my many analogies, you’ll walk away with a different way to think about the radio stations you program and market.
In their most recent earnings call, Starbucks experienced a rough prior quarter, which brought out the boo birds and second guessers. This time, it also brought out the company’s long running CEO, Howard Schultz. He ran the Starbucks empire for nearly 40 years, and he recently posted an “explainer” of how Startucks got itself ijnto this mess – and how to get out of it. Yes, Schultz’s story dovetails nicely into radio’s current challenges. Pour yourself a cup of coffee and click “READ MORE.”
Everyone wondered how big the boomerang effect would be on various industries mortally wounded by the pandemic: cruise ships, concert venues, and movie theaters are good examples. For the concert business, the numbers are now in, and to no one’s surprise, 2023 smashed all previous records for attendance and revenue. Our Techsurvey 2024 confirms this phenomenon, showing which formats are the most engaged, and pointing the way to how radio can take advantage of this huge opportunity in both its marketing and branding. Take your seat and check it out.
Marketing, as we once knew it, has become an endangered species at most broadcast radio stations. But don’t think having a marketing budget means guaranteed success. We often think of the New Coke debacle when we recall epic marketing disasters. Proving that even the biggest, smartest, and wealthiest companies can be victims of disastrous decisions and bad judgment, we were witness to what may become one of the worst marketing decisions of all time this week – by one of our biggest and best brands – a “crushing” defeat.
In our effort to analyze whether the word “radio” should give way to more expansive terms like “audio” or even “media,” we might want to pay attention to a growing phenomenon: more and more “amateurs” are creating their own radio stations in their workplaces, often accompanied by much joy, enthusiasm, and passion. What does this say about how consumers value the romance of “radio” but also how they feel about us broadcasters?
our blog
The restaurant business is littered with eateries that started with great promise, only to fizzle out. Kind of like radio station formats. For today’s blog, it’s a look at consumer food products and the lengths they now go to in order to stand out and grab attention – without compromising the essence of their brands. I hope that deep into my many analogies, you’ll walk away with a different way to think about the radio stations you program and market.
Read MoreIn their most recent earnings call, Starbucks experienced a rough prior quarter, which brought out the boo birds and second guessers. This time, it also brought out the company’s long running CEO, Howard Schultz. He ran the Starbucks empire for nearly 40 years, and he recently posted an “explainer” of how Startucks got itself ijnto this mess – and how to get out of it. Yes, Schultz’s story dovetails nicely into radio’s current challenges. Pour yourself a cup of coffee and click “READ MORE.”
Read MoreEveryone wondered how big the boomerang effect would be on various industries mortally wounded by the pandemic: cruise ships, concert venues, and movie theaters are good examples. For the concert business, the numbers are now in, and to no one’s surprise, 2023 smashed all previous records for attendance and revenue. Our Techsurvey 2024 confirms this phenomenon, showing which formats are the most engaged, and pointing the way to how radio can take advantage of this huge opportunity in both its marketing and branding. Take your seat and check it out.
Read More