Chapter 14 Using Electronic Media: Television and Radio William F. Arens McGraw-Hill/Irwin Michael F. Weigold Christian Arens Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter Overview Factors to evaluate when considering radio & television in the creative mix 14-2 Chapter Objectives Describe pros & cons of broadcast TV as an ad medium Evaluate cable TV as an advertising medium and explain how it differs from broadcast TV Explain the process of buying cable and broadcast TV time Evaluate the available types of television advertising Describe the process of TV audience measurement Discuss factors to consider when buying TV time Analyze pros and cons of using radio in the creative mix Discuss factors to consider when buying radio time 14-3 TV Viewers Heaviest viewers Middle income, high school grads and families Increased viewing hours Average American spends 4 hours/day watching TV World wide, older women watch most Average 36 hours/week Broadcast vs. cable Homes with cable watch less broadcast TV Many channels causes audience fragmentation DVD viewing has increased 14-4 Broadcast vs. Cable Viewer Characteristics 14-5 TV Audience Advertising Beliefs How adult viewers rate various media 14-6 The Medium of Television Broadcast TV Cable TV VHF and UHF Many Stations, some PPV Independent Stations Special Interest Stations Network Affiliates Compete for Ads 14-7 Q. 1. What are the various TV audience trends? 14-8 TV Audience Trends Demographics Cable households DVD Rental Viewing patterns TV viewing hours Audience fragmentation 14-9 Major Cable Networks 14-10 Q. 2. What are the pros and cons of TV advertising? 14-11 The Medium of Television Pros Cons Mass coverage High production cost Relatively low cost High airtime cost Some selectivity Limited selectivity Brevity Impact Creativity Clutter Prestige Zipping and zapping Social dominance 14-12 Q. 3. What are the pros and cons of Cable TV advertising? 14-13 Cable TV Pros and Cons Pros Cons Selectivity Limited reach Audience demographics Fragmentation Low cost Quality Flexibility Zipping and zapping Testability 14-14 Digital TV Advantages Improved picture and sound Efficiency through multicasting Increased number of channels Interactive video and data 14-15 Use of TV in IMC Niche medium Leverage Tool TV Cost effective Imparts brand meaning 14-16 Q. 4. How do advertisers buy time on TV? 14-17 Types of TV Advertising Sponsorship Spot ads Syndication Direct response Local – LaVerge Beverage Depot 14-18 TV Ad Spending (Billions) Network TV dominates, but is losing ground 14-19 Most Expensive 30-Second Spots 14-20 Types of TV Advertising Prime time’s most expensive 30-second spots http://www.frankwba ker.com/2006_2007 _ad_rates.htm How much for a 30second spot? 16-21 Insert ex. 16-7, p. 517 Ad cost per 30-sec spot Position = 2.9”horiz., 1.5” vertical Size = 4.6” TALL Resolution: 300 dpi 14-21 TV vs. Magazine Cost Comparison TV Cost of Ad = $700,00.00 Reach = 4,000,000 Cost Per thousand (CPM) = 700,000/4,000,000/1000 Cost Per thousand (CPM) = $175.00 Magazine Cost of Ad = $100,00.00 Reach = 200,000 Cost Per thousand (CPM) = 100,000/200,000/1000 Cost Per thousand (CPM) = $500.00 14-22 Network & Syndication Distribution 14-23 Why Direct Response Works Consumers pay attention; respond immediately Competitive advantage for brand managers Sufficient time for brand differentiation Results measurable and accountable Ad campaign can pay for itself Combines power of advertising, direct response, and sales promotion 14-24 Defining Television Markets DMA- designated market area for local stations Columbus, Georgia designated market area 14-25 Q. 5. How do advertisers measure their audience? 14-26 TV Audience Measurement Rating Services Defining TV Markets Dayparts Audience Measures Nielsen & Others Cable Ratings 14-27 TV Audience Measurement Rating Services Defining TV Markets Nielsen & Others Designated Market Areas Dayparts Audience Measures Cable Ratings 14-28 Designated Market Area Columbus, Georgia designated market area 14-29 TV Audience Measurement Rating Services Defining TV Markets Nielsen & Others Designated Market Areas Cable Ratings Dayparts Audience Measures Daytime 9 a.m. – 4 p.m. Early Fringe 4 – 5:30 p.m.. Early News 5 or 5:30 – 7:30 p.m. Access 7:30 – 8 p.m. Prime Time 8 – 11 p.m. Late News 11 – 11:30 p.m. Late Fringe 11:30 – 1 a.m. 14-30 TV Audience Measurement Rating Services Defining TV Markets Nielsen & Others Designated Market Areas Dayparts Audience Measures TV Households Households Using TV Cable Ratings Rating = TVHH tuned to program Total TVHH in area Program Rating Audience Share 14-31 Defining Television Markets Dayparts 14-32 TV Audience Measurement Audience Measures TV Households TVHH Households Using TV HUT Program Rating TVHH tuned to program Total TVHH in area Audience Share # of viewers HUT 14-33 Buying TV Time Gross Rating Points Cost per Point Cost per Thousand GRP = CPP = CPM = Reach (avg rating) × Frequency Cost Rating Cost Thousands of People 14-34 Buying TV Time 1. Determine program availability 2. Analyze program efficiency 3. Negotiate price 4. Determine reach and frequency 5. Sign broadcast contracts 6. Review performance affidavits 14-35 The Medium of Radio Who uses radio? 93% of U.S adults listen each week 72% of U.S. adults listen every day Average time is 2.5 hours per day Radio’s reach exceeds other media 14-36 Use of Radio in IMC Involves people Favors integrated marketing Target demographic group Establishes intimate relationship Maintain strategic consistency Stretch media dollars 14-37 Most Popular Program Formats 14-38 Q. 6. What are the pros and cons of Radio advertising? 14-39 Pros and Cons of Radio Ads Pros Cons Reach & frequency Limitations of sound Selectivity Segmented audiences Cost efficiency Short-lived, half heard Testability Clutter Timeliness & immediacy Local relevance Creative flexibility 14-40 Mini-network Programming Each network targets a specific demographic group 14-41 Q. 7. How do Radio advertisers buy time? 14-42 Buying Radio Time Network Spot Local Radio stations can increase market share with special programming 14-43 Key Radio Terms Cumes Average quarterhour audiences Dayparts Morning drive 6 a.m. – 10 a.m. Daytime 10 p.m. – 3 p.m. Afternoon drive 3 p.m. – 7 p.m. Nighttime 7 p.m. – midnight All night Midnight – 6 a.m. 14-44 Ratings Based on Dayparts Run-of-Station (ROS) Total Audience Plan (TAP) Average QuarterHour (AQH) Gross Rating Points (GRP) Cume Estimates AQH Rating = GRP AQH Persons × 100 Population = AQH Rating × No. of Spots Reach Potential × 100 Cume Rating = Population 14-45 Satellite Radio Sirius & XM are major players Over 16 million listeners Many program choices Exclusive programming 14-46 Preparing a Radio Schedule 1. 2. 3. 4. 5. 6. 7. ID stations with greatest concentration (cume) of target audience ID stations whose format offers highest concentration of buyers Determine which dayparts offer the most potential buyers Construct schedule with strong mix of best times Assess proposed buy in terms of reach and frequency Determine cost/1000 target people Negotiate and place the buy 14-47