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Target market
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I would like to thank WLUV for providing me with the opportunity to assume the role as General Manager of your newest radio station. I would like to recognize that our goal and mission statement is to effectively communicate the faith and spread hope to a lost world. As the new General Manager, here are the steps I would take to establish WLUV in the community and fortify our brand.
Target Audience
According to Alan B. Albarran’s book Management of Electronic Media, when looking for a target audience we should consider both Demographic research, which “presents quantitative information (data based) on the media habits of audiences” and Psychographic research, which "goes beyond numeric information to offer qualitive information about audiences,
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I believe this demographic is relevant because approximately 34,400 people of the nearly 101,000 people who call Lakeland home fall within this age group with the median age being 41-years-old (Current Lakeland).
Format
Our format will be Christian Contemporary music along with programming such as sermons, panel talks, devotionals, and radio dramas. We chose against developing a niche as there is already an existing Christian Contemporary audience. The format is used by four other stations who’s broadcast reach the Lakeland area (Radio Stations in Lakeland). Another reason for choosing a Christian Contemporary format was because Lakeland has a large Christian community with nearly 300 churches in the addressed area.
Finances
As the General Manager, my job is to plan, monitor, and control the radio station’s finances. In order to achieve our finical goals, a budget must be created to properly managing our $300,000 startup
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As General Manager, I will receive will be $55,000. Also, I plan on hiring a few part-time and full-time staff members, which will include; a Chief Engineer, Talents, Promotions Director, and Janitor.
The Chief Engineer is responsible for the technology used in the radio station. They will maintain the equipment at the station and get the station “on-the-air” within our station’s licensed range. The engineer will not only work to maintain existing broadcasting capabilities, but they will also provide quick solutions to problems that may arise with the electronic equipment (Jobs in Broadcasting). This position will receive a salary of $40,000.
The Talent are the face of the station. Their job will be to introduce programs, music, and create and read enhanced underwritings and public service announcements (PSA) (Jobs in Broadcasting). The Talent will also be in charge of the station’s music library, all while being the station’s voice. We plan on hiring 3 on-air personalities, which will be paid $30,000
The purpose of this paper is to investigate capital budgeting decision under Galaxy Science Centre (GSC), which is non-profit organization. The need for such an analysis emerges from the case that only provides general information concerning the impact of capital budgeting decisions in the presence of strategic interactions among GSC. We are facing significant problems in different conditions, then through all given figures to make the best recommendations fro GSC.
Clear Channel Communications, owner of 1,200 stations across the United States, has been undermining the values of diversity, localism, and market completion within the music industry since the media policy wars in the early 2000s. Since then, the radio industry arguably has lost a significant amount of the authenticity it once had. The only exception is college radio: the last safe haven for musical integrity. The only facet of radio not owned and controlled by a major monopoly. Recently, however, Clear Channel has gone to bed with college radio stations across the country. Although the corporate monopoly has shut out authenticity and artistic integrity from the mainstream, they still want more in order to completely wipe out independent music.
In this project, we were told to analyze two pieces of pop culture and report back the ratio of men versus women, racial minorities versus whites, homosexual couples versus heterosexual couples, adults over 40 versus adults 18-40, and the number of whole women versus the number of parts of women’s bodies. The pieces of media that I chose to analyze were The Goldbergs and Modern Family. I believe that the target audience for The Goldbergs is people who grew up in the 1980s because this show is supposed to be set during that time and references many things that those people could relate to. In addition to this, they tend to feature older people as the main characters in order to draw in their obvious target audience. It seems as though the target audience for Modern Family is young adults to adults. They feature more minorities and things that the young generation tend to relate to more. Both of the target audiences are made quite clear if you really pay attention to the programs.
“I think we’re one of the few stations who allow ‘community members’ to have their own show,” says Aldrich. “It’s great to get on-air personalities with a different perspective. Another reason to listen to WRBB.”
Instead of having thousands and thousands of radio stations across the nation, XM radio uses a broadcast center in Washington, D.C. for the majority of its broadcasting. This will cut down costs of office space and employees, which in turn would decrease their budget. This center has “20 multi-function produ...
Mass media is designed to reach large audiences through the use of technology. Its purpose is
These target groups spend an extraordinary amount of time listening to radio, especially in the car, and should be extremely receptive to the XM product due to their constant need for radio entertainment and willingness to pay for it.
Traudt, Paul J. Media, Audiences, Effects: An Introduction to the study of media content and audience analysis. Pearson Education Inc.: 2005.
Please consider this research proposal regarding a small to Mid-range Company with a revenue of $875,000 per year with 45 employees have reached critical cash flow issues. Senior staff time consumed with bottlenecks on site, with missing ordered supplies, added labor with incorrect materials costs. Marketing along with current customer’s project completion time are over deadlines from under-staffed by senior management. Layoffs are to proceed, and filing for restructure of the organization is at hand.
A company's budget serves as a guideline in planning and committing costs in order to meet tactical and strategic goals. Tactical goals such as providing budgetary costs for daily operations, and strategic objectives that include R&D, production, marketing, and distribution are all part of the budgeting process. Serving as a guideline rather than being set in stone, the budget is a snapshot of manager's "best thinking at the time it is prepared." (Marshall, 2003, p.496) The budget is a method in which to reign-in discretionary spending, and will likely show variances between what costs have been anticipated and what costs are actually incurred.
The media play an indispensable role in modern life, and are considered amongst the most powerful and inaccurate sources of social information, education and entertainment. Our mass media is an electronic (TV, film, video, videogames, internet) visually dominated media with print (newspaper, magazine)...
First off, when companies advertise they need to have a plan. How much is the company going to spend?
and 17. This age group surpassed the 18 - 24-year-old group in the early 2000's
L, Sonia. "The challenge of changing audience ." .. N.p., n.d. Web. 20 Nov. 2013. .
Impact of the Radio The invention of the radio had an immense impact, revolutionizing the unity of society. “I live in a strictly rural community, and people here speak of ‘The Radio’ in the large sense, with an over-meaning,” said E.B. White in 1933. “When they say ‘The Radio’ they don’t mean a cabinet, an electrical phenomenon, or a man in a studio, they refer to a pervading and somewhat godlike presence which has come into their lives and homes” (Lewis). The radio became a mighty weapon whose power involved spreading ideas to millions of listeners, who may otherwise never have heard those inspirational messages. Religious fanatics used to stand at the back of churches shouting radical nonsense, while others would ignore it.