Presents Mary Carroll mmcarroll@radford.edu Maggie Geary mgeary@radford.edu Troy Osmun tosmun@radford.edu Andy Yauss ayauss@radford.edu Jeff Younger jyounger@radford.edu Table of Contents Executive Summary………………………………………………...2 Franchisor Background Information………………………….…3 Product/Service Description……………………………………...6 Situation Analysis…………………………………………………..9 Target Market………………………….…………………………….11 Site Location………………………………………………………..12 Marketing Strategy…………………………………………………13 Recommendation…………………………………………………..17 References…………………………………………………………..18 Appendix A…………………………………………………………..20 Appendix B…………………………………………………………..22 Appendix C…………………………………………………………..23 1 Executive Summary CiCi's Pizza is a phenomenal restaurant that has been in business for over 20 years, and has over 550 operating restaurants in over 26 states of which 90 percent of, or 516, are franchised. CiCi's buffet offers 16 kinds of fresh, hot, delicious pizza, pasta, salad and deserts all at the low prices of $3.99. Initial franchising fees range from $404,400 to 656,400, in which 30% must be paid in cash Corporate marketing teams advertise and promote for all restaurants, and training program with a minimum of 11 weeks is required to be attended. Estimated at over sixteen billion dollars in 2003, the pizza restaurant market grew thirteen percent from 1998 through 2003. Ninety-four percent of the U.S. population eats pizza and thirty-seven percent of adults, age eighteen to thirty-four, prefer to dine out three or more times during the week. Pizza and dining out combined make for a great business investment; both are easy, convenient, and a crowd pleaser. There is intense competition within the pizza industry and to survive entrepreneurs must differentiate themselves among the competition. CiCi’s Pizza chain has become so popular due to its dedication to customer satisfaction. They provide a lot of seating, with a wide variety and a low price; presenting a challenge to other businesses in the pizza industry to compete. The target market for the new CiCi’s location would be local college students at Radford University, with a secondary market being families in the Radford area. These two markets will switch places during the summer months, where classes are not in session at Radford University, making families the 2 target market during the summer, and any students still in town the secondary market. The site location for CiCi’s is main street Radford, Virginia. This will be convenient for college students to walk to as well as a close drive for the local families with a parking lot next door. Because of the low prices and accessible location for both students and families, CiCi’s will be very successful in the New River Valley. The marketing strategy for CiCi’s would be to focus advertisements on the low price of a meal and the high quality of the pizza served in the restaurant. To market to local college students, the easiest way to advertise would be place a large banner on the front on the restaurant, and also to send out direct mail advertisements. To most effectively market to local families in the Radford area, CiCi’s should consider entering into an agreement with the two CiCi’s locations in Roanoke, VA to help pay for airtime for a commercial that would advertise for all three locations, as Roanoke is the closest city with local network television stations. These advertisements would be placed during the evening news or during certain primetime shows, depending on how much money each location wants to spend. Franchisor Background Information CiCi’s Pizza is the founder of the “red-hot CiCi’s Pizza Buffet concept” ensuring delicious food at “phenomenally low prices. This restaurant offers a smorgasbord of “16 kinds of fresh, hot, delicious pizza, pasta, salad and desserts that can be found at their $3.99 all-you-can-eat buffet. Kids three and under eat 3 for free!” (CiCi’s). The environment is safe, clean, and very family oriented. CiCi’s is a growing company that has been in business for over 20 years, and has over 550 operating restaurants in over 26 states. Off all of these restaurants 90% or 516 are franchised (IFA). In terms of sales and unit growth, CiCi’s has maintained a number one ranking in 2004 and 2005 as given by Nation’s Restaurant News. CiCi’s was also given a number one rating by Entrepreneur magazine for the best Italian restaurant category and they have maintained a first rank position of best pizza for two years with Restaurants and Institutions Magazine . As a franchisee, this company has great appeal due to its solid reputation, corporate office support, and economical start-up costs. As found on the company website, “average investment for opening a CiCi’s ranges between $404,400 to $646,400. However, of that amount only 30% must be in cash in order to qualify for a loan for the remainder. An application to become a CiCi’s franchisee can be found in Appendix B. CiCi’s, although they do not provide the loan themselves, does work with several different lenders who will provide the loan if a profile is met. Even if an investor does not have enough for the initial investment but does have an excellent credit record, CiCi’s will attempt to introduce prospects to other potential partners. CiCi’s collects a 4% royalty on the franchise’s “unit sales for Pizza, beverages and other products or services authorized for sale.” In addition $2,300 of sales per month must also be devoted to a general advising fund. When approval is made for a new CiCi’s franchise location, historical financial information for 4 corporately operated restaurants and existing franchisee contacts will be available to construct financial expectations. CiCi’s Corporate marketing teams advertises and promotes to benefit all restaurants that operate under CiCi’s name. CiCi’s corporate office works with the franchise system to increase restaurant sales through detailed Local Market media plans as well as TV and radio commercials to increase the recognition and strength of CiCi’s brand. JMC Restaurant Distribution, LP is the approved supplier for all supplies used in the restaurant. JMC distributes out of three locations including Atlanta, Georgia, Dallas Texas, and Richmond, Indiana and only distributes products for CiCi’s Pizza. Since CiCi’s business relies much on the distribution of JMC’s products, “JMC is dedicated to providing the best quality, service and price to each restaurant. JMC uses these economies of scale to obtain lower pricing to pass down to the restaurants” (also found on the website.) CiCi’s will refer a franchisor to an approved broker to analyze a site for a new restaurant. However, since a destination for this restaurant has already been located, approval by CiCi's Enterprises, LP is pending on a representative’s visitation of the planned site. After approval attorneys may begin negotiating a lease in which a CiCi’s Enterprises, LP attorney may review (CiCi’s). After approval has been given, CiCi’s offers an initial Development process/training. There are both a Multi-Unit and Single Unit development training, both of which are demonstrated in the Appendix (Appendix A). The minimum training period for a franchisee is 11 weeks and the maximum is 6 5 months. Although there is no guarantee that the franchise will be profitable, CiCi’s Corporation provides much help for newly founded franchises (IFA). Product/Service Description American’s love pizza and dining out. Ninety-four percent of the U.S. population eats pizza (pizzaware.com) and in a conducted survey among adults age eighteen to thirty-four, thirty-seven percent dine out three or more times during the week (Dolliver, Mark). Pizza and dining out seem to go hand in hand, both are easy, convenient, and a crowd pleaser. Approximately sixty-seven percent of the American population consider pizza with friends a casual social evening (pizzaware.com). “Americans eat approximately 100 acres of pizza each day, or about 350 slices per second” (pizzaware.com). This is one reason for the increased amount of competition in the pizza market. Roughly thirty billion pizzas are sold per year in the United States making the pizza market a thirty-plus billion dollar per year industry (pizzaware.com). It seems as though nearly almost all Americans eat pizza once a month, the exact percentage is ninety-three percent. Each man, woman, and child in America, an average of forty-six slices are consumed per month. Due to the intense competition, entrepreneurs must differentiate themselves among the competition in order to gain an advantage within a given segment, according to restaurant consultants (Steinberg, Carol). “One Price, all you can eat buffet” approach has been one way CiCi’s separates itself from competitors and is a key factor in the companies overall success. With over 500 6 store locations, they offer a wide selection of pizza made with higher quality ingredients at a low value, creating a niche in the pizzeria market. Product freshness and variety can make or break a buffet style restaurant. Recent changes were made by developing a thicker pizza crust, reformulating its sauce by making it richer, adding more cheese at a better grade, and by switching from canned vegetables to fresh ones. Salad and pasta bars have extended and the quality of their deserts have boosted. “Fresh taste at a great price” has taken the place of the old slogan, “Best pizza value anywhere”. Craig Moore, CiCi’s recently appointed president, went a step further by explaining, “It’s our way of taking the emphasis off price and value and putting the emphasis on high-quality pizza at the right price” (Silver, Deborah). Each individual store offers a rotating menu of 16 pizza varieties, a choice of hot pasta entrees, salads, and desserts. The buffet cost $3.99 for all-you-caneat, however, this does not include a drink. For families with children ranging in age from three to ten, the buffet is reduced to $2.99 for those children. Children under the age of three eat for free. For $5.99 a customer can call and take-out for a large one-topping pizza. Take-out this only accounts for six to fifteen percent of per-unit sales (Siler, Reed Business Information). Customers going out to eat not only love a wide variety and selection at value pricing, but they love to not be bothered by a wait as well. At CiCi’s, the chance of waiting, and the length, would be considerably smaller than that of its competition. According to Pat Williamson, former chief operating officer of Pizza Hut and current CiCi’s franchisee, “The average Pizza Hut had 80 to 100 seats, 7 while the average CiCi’s Pizza had 170” (PizzaMarketPlace). He also compares the two pizza ventures by the variety of the selection each offers at its buffet. CiCi’s offers about triple the choice of pizza that Pizza Hut offers and their employees work hard in order to maintaining the buffet so they don’t fall short of that. Pizza’s are to not to remain on the buffet for longer then twenty minutes and the salad bar needs to appear fresh at all times. Therefore, constant attention needs to be paid on what is running low, what is getting cold, and what needs to be replaced. If a there is a particular kind of pizza that a customer wants and is not on the buffet, all they have to do is request it and the kitchen will make it for them with no questions asked. “If someone wants an obscure pizza, it’s our policy to give them what they want”, said Tom Koenigsburg, 502-units chief marketing officer (Coomes, Steve). At CiCi’s, it’s a win-win deal. Customers can stay as long or as little as they want with out having to wait around for food and the bill to get to you or with out feeling pressured to get up and leave as soon as you’re finished. If a customer happens to be in a rush but doesn’t want to go through a drive through, CiCi’s would be a great option. On the other hand, if the customer feels like going out to sit, relax, and enjoy a fresh meal with out having to pay an arm and a leg, CiCi’s is a terrific alternative. CiCi’s Pizza chain has become so popular due to its dedication to customer satisfaction. A family of four can eat for under twenty dollars, leave feeling full and get a similar experience as though they were at any other sit down dining 8 restaurant. Their employee’s treat each customer equally important and it shows with increasing sales from year to year. They provide a lot of seating, with a wide variety and a low price; presenting a challenge to other businesses in the pizza industry to compete. Situation Analysis CiCi’s has many internal strengths and weaknesses followed by its opportunity and threats that is faces. SWOT Analysis: Strengths Many locations available within walking distance from campus Will pull customers in from other towns Cheap “hot and ready” pizza Large selection Option of take out 9th largest pizza chain in the US Children 3-10 are 3.99 Children under 3 are free Above average seating area Hardworking enthusiastic employees Clean safe and friendly atmosphere Family oriented Reported increased sales and store locations year to year Perfect for college town setting 9 Low advertising cost Easy hiring because of college students looking for a job Weaknesses No delivery Perception of low price low qualities Limited selection of food on menu Opportunities Highly competitive area for pizzerias Team parties for local children’s sports teams Attract families from Radford and surrounding areas Expansion to Blacksburg and/or Christiansburg Strong potential for rapid growth Increased customer base for CiCi’s Pizza Increased awareness and recognition Take away profit from direct competitors Threats Competition with already well established pizza restaurants in Radford More incoming restaurants, increased competition Consumers may opt for delivery services instead of coming and parking Competing with university for students with meal plans Intense competition in the New River Valley 10 Our competitors are mainly of the Italian Restaurant variety. Direct competitors include Mike’s, Papa John’s, Dominos, Pizza Hut, Italianos, Valentino’s, Sal’s, Highlander Pizza, Fazoli's, Back Streets, Firehouse, Gumby’s, Pizza Inn, Anthony’s, and Little Caesars. There are other restaurants in the New River Valley that sell pizza but do not specialize in it like CiCi’s does. Grocery stores also take away business with their frozen pizza section. Of these competitors all but two, Little Caesars and Sal’s, offer delivery. However, most offer more than just pizza. Indirect competitors would include Chinese restaurants, Mi Puerto, on campus food service, and fast food restaurants. There is nothing about any other factors that could impact the success or failure of CiCi’s in the New River Valley. Target Market We feel that a CiCi’s in Radford will be very profitable due to the benefits it may offer college students and the families of Radford. The target market for a CiCi’s Pizza in Radford is obliviously going to be tailored to the college students from Radford University. College students enjoy low priced meals and pizza. From August to May students will account for much of our business which will probably result in a majority of the profits coming from out of a student’s pocket. The second target market for CiCi’s in Radford is the local families. Local families of Radford and Fairlawn are also one of our major markets as they will also be a target market. Since the local families live here year round they will be considered to be a big part of our business. Parents will want to bring their kids to CiCi’s because it is a cheap meal and the kids will be entertained. Residents 11 from the outlying areas such as Blacksburg, Christiansburg, Dublin, Montgomery and Pulaski counties are also part of our market because the areas are close to Radford. We do not particularly expect customers to drive more than fifteen minutes out of their way to visit CiCi’s of Radford. However, we feel as though the families of Radford and the college population will both provide substantial revenues for the business. Those visiting Radford for reasons miscellaneous reasons may choose CiCi’s as their choice of dining because of its convenient location on Main Street. Site Location CiCi’s Pizzeria will be located at 1000 East Main Street, Radford, Virginia 24141. This location is directly across from Muse Hall. This is the best location because it is within walking distance of Radford University. It is a closer walking distance for all on campus students than the walk down to the location of their parking lots. It is also a close enough walk for all off campus students if they wish to not drive. With limited parking along Main Street it is a nice accommodation for the students of Radford University to have a variety of restaurants all within walking distance from campus. CiCi’s will be a popular restaurant choice for not only the Radford students but for all the communities within the New River Valley. Therefore, it will pull in most customers within 10- 15 miles away. The size of a CiCi’s restaurant 4500 sq. ft. A freestanding building in southwest Virginia is $30 per sq ft, which 12 includes the pluming, and electric. Our rent cost will be $21 per sq. ft. (phone interview). There are many advantages to having a CiCi’s located in Radford, Virginia. Such as, it is close to a college campus where students love pizza and less expensive food, and Radford University is not the only close campus, but Virginia Tech as well as the New River Community College is both within the target area. The buffet style eating of CiCi’s will be appealing to all college students within the area as well as for family’s with young children. The chosen location is only miles away from Bisset Park which is effortlessly for those team parties after sporting events down at the part. CiCi’s also has a pick up service which will be competing directly with Little Caesar’s “hot and ready”. There will be few competitors, which include, Pizza Hut lunch buffet however it is more expensive and not as conveniently placed across from Radford’s campus. It also has a better selection when compared to the pizza places in the area. Marketing Strategy Due to the fact that CiCi’s Pizza is built around the buffet, focus should be put on marketing the great service of the restaurant and the low price charged for a meal. The low price and buffet style setting tends to market itself, however there is no brand recognition for CiCi’s in the New River Valley, so initially some marketing effort will need to be put forth to get customers into the restaurant. The price, $3.99 plus tax for a meal, is set by CiCi’s Corporate, so it cannot be changed by the owner of the franchise, but this will actually help market the new 13 location, because anyone who has ever heard of CiCi’s knows that the price for a meal is the same in every location. One easy way to market to students would be to put a large banner on the building, advertising the meal price and the number of varieties of pizza on the menu. This way, whenever students walked or drove by the building, they would be able to see what CiCi’s is all about. The price for a 3.5 by 19 foot full color vinyl banner would cost roughly $700 including shipping. This is an estimate found through the website of printing company KoolPrint.com. Most advertising is handled by the corporate offices, and each franchise contributes $2,300 of sales each month to a general advertising fund (CiCi’s.com). CiCi’s Corporate Marketing Team then develops and issues advertising and sales promotion programs each franchise, taking care of television and radio commercials, as well as 4-color print ads. Television commercials are generally only used in areas where there is more than one location, and they generate enough sales to warrant paying for a television ad. Due to the fact that all local television stations are based out of Roanoke and Lynchburg, a deal might be able to reached between the two CiCi’s locations in Roanoke and the new location in the New River Valley, allowing for a television advertisement that markets all three locations. The Corporate Marketing Team also helps out with direct-mail marketing, which would be useful in marketing to students, both on and off campus. Since the Corporate Marketing Team customizes each marketing program for individual franchises, printing ads in Radford University’s student newspaper, The Tartan, would effectively reach the target market. The cost to 14 advertise in The Tartan is roughly $178 for a 3 by 10 inch or quarter-page color advertisement (Owens). One issue that would need to be addressed is the hours of operation. This is generally standardized across each franchise, each opening at 11:00 AM and closing at 10:00 PM every day. Since the target market at this location is students, it would make sense to keep the restaurant open beyond 10:00 PM, especially on weekends, due to the fact that many students eat pizza late at night. Most likely the store would be open until 11:00 PM on Friday and Saturday nights, just as the CiCi’s location near James Madison University is. Another marketing focus should be marketing the difference in cost and taste between CiCi’s and the dining halls located on-campus, who are the only other buffet style establishments besides Pizza Hut’s Lunch Buffet. CiCi’s is generally cheaper than a meal at a dining hall, and this would definitely be a main point in advertisements to students. Another way to help market to students and compete with on-campus dining halls would be accept RU Express. There are no set up costs or extra equipment costs associated with accepting RU Express, only a 5% recovery fee of sales earned through RU Express. To market to secondary markets, such as families with children in the Radford area, direct-mail might be one of the better options, so they could specifically target the Radford population. A simple postcard sized mailing with information about CiCi’s, including menu items, meal price, location, and hours of operation would effectively advertise the restaurant. These types of direct-mail 15 advertisements are covered by the monthly contribution to the general marketing fund. Should an arrangement be worked out between existing CiCi’s locations in Roanoke and the new franchise in the New River Valley, local television commercials would be helpful in advertising to families in Radford. Advertisements would be placed during the evening news and prior to primetime to save costs. The cost of 30 seconds of airtime on WSET, Roanoke’s ABC station, is around $500 between 6:00 PM and 8:00 PM, with the price jumping up to $1200 during primetime (Johnson). The cost of 30 seconds of airtime on WFXR, Roanoke’s FOX station, is between $125 to $175 from 4:00 PM to 7:00 PM, and $250 from 7:00 PM to 8:00 PM, during their largely watched “Everybody Loves Raymond” hour of programming. For $400 a 30 second advertisement can be put in a “Broad Rotator” that randomly assigns the commercial airtime during primetime programming, on random days throughout the week (Dantzler). To place a 30 second advertisement on WDBJ, Roanoke’s CBS station, CiCi’s would have to pay between $450 to $675 for a slot during the evening news or pre-primetime. The cost to place an advertisement during primetime varies by program, much like the other networks, with prices ranging from $300 for a slot on Saturday nights, up to $2450 to advertise during CBS’ most watched program, Survivor. For $675 the advertisement will be put on a primetime rotator, airing the commercial at a random day and time during primetime (Hankins). These prices are for advertisements that are designated to air in any time period on any day, which most local advertisers choose. The prices only go up from there for ads 16 designated for certain time periods or programs. More detailed information about the prices for advertising on WDBJ can be found in the appendix (Appendix C). Recommendation Based on the information gathered, it is recommended that a CiCi’s franchise should be opened in the New River Valley, because it will be very successful in Radford, Virginia. It is a perfect location for the student target market because it is within walking distance as well as for families, who are our secondary market because of the available parking area next door. Pizza is a popular meal selection for both college students and families, and with CiCi’s buffet and low prices it will be a quick and affordable dining choice for everyone. 17 References 1. CiCi’s Pizza Official Website. (2005). Electronic reference. Retrieved on October 30, 2005. http://www.cicispizza.com/cicis/ 2. Coomes, Steve. “Pizza All The Way” Pizza Marketplace (16 Aug. 2004). Retrieved online on October 31, 2005 from http://www.pizzamarketplace.com/research.htm?article_id=20224&pavilion =128&step=story 3. Dantzler, Karen. Sales Department at WFXR. Interviewed by Jeff Younger. Phone interview. November 28, 2005. (540) 344-2127. 4. Dolliver, Mark, “Poor economy or not, people keep dining out. (Check!).” ADWEEK, May 19, 2003 v44 i20 p36(1).VNU Business Media. Infotrac. Retrieved online on December 1, 2005. http://web5.infotrac.galegroup.com/itw/infomark/249/357/76415741w5/purl =rc1_BIM_0_A102223425&dyn=9!xrn_4_0_A102223425?sw_aep=viva_ra dford 5. Hankins, Marissa. Research Director for WDBJ. Interviewed by Jeff Younger. Phone interview. November 30, 2005. (540) 777-3209. 6. International Franchise Association (IFA). (2005). Electronic Reference. Retrieved on November 2, 2005. http://opportunities.franchise.org/Public/FranchisorDetails.aspx?Franchiso rId=272 7. Johnson, Mickey. Sales Department at WSET. Interviewed by Jeff Younger. Phone interview. November 28, 2005. (434) 528-1313. 18 8. Knuettel, Christian. Loan Officer with Home Loan & Bank. Interviewed by Mary Carroll. Phone Interview. November 10, 2005. (800) 223-1700 ext. 571. 9. KoolPrint.com (2005) Electronic Reference. Retrieved on November 27, 2005. http://www.koolprint.com/Vinyl-Banners.asp 10. Owens, Kim. Advertising Sales Manager for the Tartan. Interviewed by Jeff Younger. Phone Interview. November 30, 2005. (540) 831-6051. 11. PizzaMarketPlace.com (2005). Electronic Reference. Retrieved on November 2, 2005. www.pizzamarketplace.com 12. Pizzaware.Com. (2005). Electronic reference. Retrieved December 1, 2005. http://pizzaware.com/facts.htm 13. Silver, Deborah. “A piece of the pie: as new management takes command, CiCi's Pizza mobilizes for nationwide expansion.” Chain Leader Sept 2003 v8 i9 p53(3). Infotrac. Retrieved online on October 31, 2005 from http://web3.infotrac.galegroup.com/itw/infomark/290/608/100820099w3/pu rl=rc1_BIM_0_A107835314&dyn=3!xrn_8_0_A107835314?sw_aep=viva_r adford 14. Steinberg, Carol, “Catering to a new market: how three franchisors plan to carve a unique food niche.” Success, Dec 1996 v43 n10 p81(5). Infotrac. Retrieved online on December 1, 2005. http://web5.infotrac.galegroup.com/itw/infomark/249/357/76415741w5/purl =rc1_BIM_0_A18904919&dyn=3!xrn_18_0_A18904919?sw_aep=viva_rad ford 19 Appendix A Development Process/Training Multi-Unit Development Process •Discovery Phase Complete Confidential Personal Profile to include resume and financials Interview with Director of Franchise Sales at CiCi's corporate office Developer / Internal Due Diligence Discover Day / Meeting with CiCi's Senior Management Team 2 Day Work Evaluation for Operating Principal Interview with President Assign Development Territory Development Agreement Distributed Development Agreement Signed/Fees Collected Developer Released to Real Estate for Site Identification Begin Training* - 11 weeks minimum training process Single –Unit Development Process Complete Confidential Personal Profile to include resume and financials Phone Interview with Director of Franchise Sales Interview with Director of Franchise Sales at CiCi's corporate office 2 Day Work Evaluation for Operating Principal Interview with President 20 Assign Development Territory Development Agreement Distributed Development Agreement Signed/Fees Collected Developer Released to Real Estate for Site Identification Begin Training* - 14 weeks minimum training process New Franchisees are responsible for training their own managers *NOTE: The Director of Training may require additional training at his discretion. The training period may vary based on the operating principal's prior operating experience. http://www.cicispizza.com/cicis/cicis12.html 21 Appendix B 1413 Towne Square Blvd Roanoke, VA 24012 42.68 miles 2037 Colonial Ave Roanoke, VA 24015 Total Est. Distance: 46.80 miles 22 Appendix C WDBJ Advertising Rates TIME PROGRAM PERIOD NAME SECTION ONE SECTION TWO SECTION THREE SECTION FOUR FIXED P2 P1 IP MON-FRI 5-5:30A CBS NEWS 225 175 125 75 5:30-7A MORNIN' 390 340 290 180 6-7A MORNIN' 415 365 315 205 7-9A THE EARLY SHOW 265 215 165 115 9-10A LIVE WITH REGIS 250 200 150 100 10-11A ELLEN 210 160 110 60 11-12N PRICE IS RIGHT 300 250 200 150 12N-12:30P NEWS 7 AT NOON 330 280 230 180 12:30-1:30P YOUNG & RESTLESS 400 350 300 250 1:30-4P SOAP ROTATION 310 260 210 160 4-4:30P FAMILY FEUD 320 245 170 95 4:30-5P MILLIONAIRE 340 265 190 115 4-5P FAMILY FEUD/MILLIONAIRE 320 245 170 95 5-5:30PEN NEWS 7 AT FIVE 625 525 425 325 5:30-6PAG ANDY GRIFFITH 575 500 425 350 6-6:30P NEWS 7 AT SIX 1050 950 850 675 6-7PEN NEWS 7 AT SIX / CBS NEWS 1025 925 825 650 7-7:30P WHEEL OF FORTUNE 750 650 550 525 7:30-8P JEOPARDY 700 600 500 475 7-8P WHEEL / JEOPARDY 675 575 475 450 11-11:35PLN NEWS 7 AT 11 1000 900 600 450 11:35P-12:40A DAVID LETTERMAN 525 450 375 250 12:40-1:40A CRAIG FERGUSON 310 235 160 85 1:40-5A VARIOUS OVERNIGHT 235 160 85 10 N/A N/A N/A 375 M-SU11-11:35P SAT 5-6A FAMOUS HOMES / WALL STREET 160 110 60 10 8-9A NEWS 7 SATURDAY MORNING 275 225 175 125 9-11A CBS SATURDAY EARLY SHOW 275 225 175 125 12N-6P VARIOUS SPORTS/SPECIALS 500 425 350 275 6-6:30PEN NEWS 7 AT SIX 575 475 375 175 6-7PEN NEWS 7 AT SIX / CBS NEWS 550 450 350 175 7-8PHI WHEEL OF FORTUNE / PAID 425 325 225 125 11-11:35PLN NEWS 7 AT 11 675 575 475 375 11:35P-12:35A SEINFELD 345 270 195 120 12:35-1:35A SHE SPIES 295 220 145 70 1:35-5A VARIOUS OVERNIGHT 235 160 85 10 23 WDBJ Advertising Rates (Continued) TIME PROGRAM PERIOD NAME SECTION ONE SECTION TWO SECTION THREE SECTION FOUR FIXED P2 P1 IP 25 SUN 5-7A SUNDAY MORNING VARIOUS 175 125 75 7-8A JACK HANNA / ANIMAL ATLAS 235 185 135 85 8-9A NEWS 7 SUNDAY MORNING 325 275 225 150 9-10:30A CBS SUNDAY MORNING 350 300 250 200 10:30-11A FACE THE NATION 235 185 135 85 11A-12N EBERT & ROEPER / PAID 190 145 95 45 12N-6P VARIOUS SPORTS/SPECIALS 600 500 400 300 6-6:30PEN NEWS 7 AT SIX 675 575 475 375 6-7PEN NEWS 7 AT SIX / CBS NEWS 675 575 475 375 11-11:35PLN NEWS 7 AT 11 850 750 650 550 11:35P-12:35A BECKER / GEORGE MICHAEL SPORTS 450 375 300 225 12:35-5A VARIOUS OVERNIGHT 240 165 90 15 M8-9P KING OF QUEENS / MET YOUR MOTHER 1350 1225 1100 975 M9-10P TWO & 1/2 MEN / OUT OF PRACTICE 1575 1450 1325 1200 M10-11P CSI:MIAMI 1700 1575 1450 1325 T8-9P NCIS 1575 1450 1325 1200 T9-10P AMAZING RACE 1975 1850 1725 1600 T10-11P CLOSE TO HOME 1675 1550 1425 1300 W8-9P STILL STANDING / YES, DEAR 1225 1100 975 850 W9-10P CRIMINAL MINDS 1450 1325 1200 1075 W10-11P CSI NY 1275 1150 1025 900 TH8-9P SURVIVOR 2825 2700 2575 2450 TH9-10P C.S.I. 2675 2550 2425 2300 TH10-11P WITHOUT A TRACE 1600 1475 1350 1225 F8-9P GHOST WHISPERER 975 850 725 600 F9-10P THRESHOLD 1050 925 800 675 F10-11P NUMB3RS 1025 900 775 650 SA8-9P CRIMETIME SATURDAY 725 600 475 350 SA9-10P CRIMETIME SATURDAY 875 750 625 500 SA10-11P 48 HOURS MYSTERY 675 550 425 300 SU7-8P 60 MINUTES 900 775 650 525 SU8-9P COLD CASE 1725 1600 1475 1350 SU9-10P CBS SUNDAY NIGHT MOVIE 1425 1300 1175 1050 N/A N/A N/A 675 PRIME M-SU PRIME WDBJ Preemption Guidelines Fourth Quarter 2005 (September 26 through December 25, 2005) Fixed - Spots designated to air at specific times on specific days. Cannot be pre-empted. P2 Spots designated to air in a particular time period or program. May be pre-empted with two weeks notice. P1 Spots designated to air in a particular time period or program. May be pre-empted with seven days notice. IP Spots designated to air in any time period or on any day. May be pre-empted without notice. Monday thru Sunday rotators must rotate throughout the broadcast week. Cannot pick days. 24