The project surveyed more than 1,500 respondents and examined the benefits of radio over other mediums, while offering ways to stay relevant. It also featured interviews with listeners and broadcasters from WXTU Philadelphia, WIVK Knoxville and WTHI Terre Haute, IN.
Edison's Larry Rosin and Megan Lazovick urged radio to "FOMO" or "ear of missing out" as radio's top benefit and argued programmers should keep this in mind in the presentation of music and commercials, how stations handle community engagement, the degree to which they engage in "goodwill" through charities and community events and the way weather emergencies are covered.
Among other highlights:
The CRS presentation urged broadcasters to instill “FOMO”—or fear of missing out—at every opportunity in the broadcast day. “FOMO” was evident in many of the top reasons listeners cited for tuning to FM in a 1,560-respondent online survey.
Favorite songs (77%) and music discovery (70%) were the top two reasons respondents listened to AM/FM radio, followed by news and information (68%) and confidence in being informed if major news breaks (63%).
More than 50% of respondents also cited their ability to find out about things going on in the community.
These numbers were significantly higher among Country listeners, which Rosin described as being "much more intense about radio listening than others."
Mike O'Malley of the Country consulting firm of Albright, O'Malley and Brenner shared his takea-ways on how station could use the FOMO principle. In keeping with Edison's "ear Wars" theme, O-Malley says FOMO is shield of your death star
How to inject FOMO:
- MUSIC – most important thing and single most important attack point of non-terrestrial
- Why you’re playing this new song – get excited
- They want to hear favorites new and the popular songs people are talking about - big opportunity to separate
- Bobby Bones leverages his CHR background in his move to country, selling new songs (talks about song, plays hook, then talks more about it, hopes everyone buys it for the under dog
- Tell a story instead of ‘here’s the latest’ especially when the song has been on the album for a year
- Commercial treatment
- Stop demonizing commercials
- Take control of quality of commercial\
Click Here to see the complete presentation.