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Media Pulse |
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FM Radio’s Booming But Who’s Listening? |
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While everybody in Mumbai knows that FM radio has become the rage,
nobody can tell who, exactly, is listening to it. This is because the
craze for FM has been so rapid that in just a little over two months
five upmarket FM radio stations have sprung into existence in Mumbai.
But the answer is crucial to the survival of the FM radio stations
because it is being asked by media planners who are being besieged by
radio space marketers. Radio is no different from any other medium when
it comes to what makes it tick. Its ads, ads, ads, and more ads. More so
than in the TV or print media because the latter have a cover charge
(price of newspaper or pay channels on TV) of which radio is bereft.
Major audience research companies, however, have already announced
studies to determine the demography of the FM radio audience, but
whatever results they come up with are bound to be hedged by a number of
assumptions, as they do not have a long enough track record to use as a
base.
The major problem the surveyors
face is, of course, that for a medium that is just a few months old,
listeners are still in the experimenting stage. They are most likely to
surf all the FM channels (only five in Mumbai now) for various periods.
They will not have had sufficient time to fix on particular programmes
or radio channels, unlike the satellite TV channels which are nearly two
decades old allowing listeners to develop firm preferences for
particular programmes or channels. As far as FM radio is concerned, not
everybody even knows the names of the five channels yet. However,
according to the National Readership Survey which vets radio
listenership also, radio audiences are a loyal lot which, however, means
that since AIR dominated the airwaves, they had nowhere else to go. As
more and more FM stations come on line (they are bound to) listeners
will have increasing choices.
While old AIR loyalists may or may
not migrate to the FM stations, the latter’s new listeners are expected
to decide on their preferences much more quickly than the TV audiences.
The survey companies are expecting listener patterns to settle by
November and their reports should, therefore, be out by the end of this
year.
The FM channel promoters, on their
part, also expect a much quicker audience pattern to develop than has
happened for TV. On their part, they are trying to broaden FM radio’s
appeal as it, presently, is perceived as a medium meant exclusively for
youth. Programming, they feel, should span the spectrum of society and
be strategically timed to coincide with the time preferences of various
sections such as young people, housewives, wage earners and retired
persons. They are drawing a lesson from TV where proliferating channels
have demolished viewer loyalty and the ad spend is being spread thinner
and thinner.
FM station promoters’ planning
also emphasises not trying to compete with TV, which is an altogether
separate medium; radio has to complement TV in programming and time
slots and not try to take it head on. The initial craze for FM stations
has heartened the promoters and they are ensuring that they will be able
to sustain the growth momentum through their strategy.
And, equally significant, they
feel that they must not make the mistake of attempting to convert TV
viewers to radio but must promote radio as a different brand altogether.
It is expected that the listener surveys presently being conducted will,
largely, support this reading of the future market for FM radio. What is
awaited is data which will enable the radio stations to fine tune their
programmes to niche audiences at different time slots and thus provide
media planners with an appropriate tool to decide where best their ad
spend on radio goes. That the ad spend will be there is being taken for
granted both by media planners and the radio stations. The question
remains: how much, where and in which time slots. The answer is expected
to be provided by the audience surveys. Till then we can make our own
guesses. So, who’s listening to FM radio? |
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And Now, the Hindi Edition of Outlook
IT
seems to be launch time for the print media. After the India Today
Group’s decision to come out with a new business magazine, it is now the
turn of the publishers of Outlook, the English weekly current
affairs magazine. The print media, recently, has been full of the huge
increase in the readership of Hindi newspapers and magazines, with
current affairs and business-oriented publications showing the fastest
growth leaving behind entertainment and sports magazines. This could
well have spurred the impending launch of Outlook’s Hindi edition
as well as the fact that its major competitor has been publishing a
Hindi edition for many years now. Outlook publisher Maheshwar
Peri admits that the launch is in the offing, probably in August this
year, but is reticent on the content of the new magazine; whether it
would be a Hindi version of the English weekly or have a separate and
distinct policy line. It is likely to be priced at Rs. 5.
The low price, according to media
observers, is likely to lead to turbulence in the Hindi current affairs
market. The reaction of the competition is being eagerly awaited. If
nothing else, it should be very interesting.
Alok Mehta, editor of the Hindi
daily, Dainik Bhaskar has been appointed editor of the Hindi
weekly.
The 64-page all colour Hindi
Outlook will have its individual identity, with only about 20 per
cent content drawn from the English Outlook. Says Alok Mehta:
"The Hindi Outlook is a serious attempt to fill the void created
by the closure of Ravivar, Maya, Saptahik Hindustan, Hindi
Sunday Mail and Sunday Observer."
The new weekly will focus on the
Hindi belt. "Our effort will be to make the magazine more Hindi reader
friendly. Besides politics and the economy, we will cover literature,
health and lifestyle and social issues. Investigative stories will be
another hallmark of the magazine that will truly mirror the aspiration
of the Hindi readers," adds Mehta, who brings with him rich experience
of working with reputed weeklies, Saptahik Hindustan from the
Hindustan Times group and Dinaman from The Times of India group.
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India
Today’s Business Group to Launch Smart Inc
IF proof were needed that the business of business in India is booming,
one need look no further than the launch of the new business magazine,
Smart Inc., by the country’s most savvy and upmarket media
publishers—Living Media, responsible for publishing a gamut of slick
periodicals, the most famous, of course, being its flagship, India
Today. Smart Inc., a monthly, is due to be launched towards the end
of July and is aimed at the business heads and senior officers of the
corporate sector whose job it is to keep the profit levels of their
organisations at the highest possible level. Smart Inc.
has named its potential market the ‘CXO’ group, obviously referring to
the corporate sector’s penchant of naming their top management members
‘Chief Officers’ of various functional groups. According to the India
Today Business Group announcement, the new monthly is meant to give
support to technology based decision-making, leaning heavily on the ‘how
to’ aspect and providing a database of concise, focused and pertinent
data to facilitate the achievement of business goals. It is priced at Rs.
100. According to the publisher of the Business Group of the India Today
Group, it has been planning for the launch of this new magazine for over
a year and decided that the present time was most opportune in view of
the all-round indications that the Indian economy is in the recovery
mode. Edited by Hari Menon, the new magazine boasts of a team of
professional editorial consultants. Backed by the Living Media Group
which has numerous brands to its credit, Smart Inc. is being
eagerly awaited by the Indian business and industry circles. |
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