It has been a little more than two months
since I became a part of the radio industry
as CEO of Radio ONE 94.3FM. We at Radio
ONE have been focussing heavily on our
strategy of ‘community engagement’.
My whole team has been doing three things
– what is participative for our
listeners, what is truly differentiated,
and what is desirable for our community
and not the audience at large.
We
have had our own track in place to tell
us when we do well and when we don’t.
Now with RAM coming in we will be better
informed and able to get better with time.
We are extremely grateful to our listeners
and business partners for having faith
in us and we will never let them down
on. We expected the growth and positions
that we have achieved in RAM and am very
sure our team will get more consistent
with time thanks to this continuous data.
Some
myths have been broken rather quick after
the RAM data got released and it was quite
amusing to witness various stations claiming
one position after the other. It reminded
me of school when the results were out
and everyone wanted to know who came first
and who stood first in a particular subject.
What mattered even then as it does now,
is one doing better and better than oneself
as time goes. It was most amusing to see
market leaders of the past lose their
cool and question the data itself.
Therefore
it dawned that what is important is to
use this robust data to plan our stations
better and use it as an internal benchmark
for excellence. It was also quite clear
that using heavy marketing spends to fuel
speculation of various No. 1 and No. 2
positions in the form of sub-text and
asterixes is a wasteful exercise as now
RAM will ensure that all brands do their
homework in choosing what’s best
for their audience. I am given to believe
that in the last few weeks, many brands
have changed their plans to give them
more focus using RAM.
Let
us come to the realities and new norms
that have been formed and what all of
us should look forward to:
1.
That no one station can be the No. 1 across
age groups and time bands and time spans.
The era of proclaimed dominance and legacy
is over. So one would have to look at
radio plans with multiple stations satisfying
reach frequency and impact objectives.
2. That no station can remain in a particular
position of strength unless they work
at it continuously. So, today anyone can
claim to be a No. 1 or 2. The question
is: Have we figured out first how we are
going to stay in that position and what
contributes to that?
3. That is better to be realistic and
look at data (internally) and find the
real strengths and weaknesses rather than
try to insult the intelligence of advertisers
and clients with short-lived claims. The
whole radio fraternity can risk looking
petty and opportunistic.
4. That ii is better to use valuable radio
funds and make them hardworking to get
close to one’s communities than
to fund the targets of other media like
Print, TV and Outdoor with the claims.
We as a company have hardly advertised
but grown in line with our internal targets
of both business yield and community affinity
as we are concentrating on both on-air
and off-air programming.
5. There is no such thing called a ‘strong’
network of radio stations -- each station
in each city needs focus to improve, much
like in the restaurant business where
people will come to you if they like the
food and not because you have 100 restaurants
across the country. We have concentrated
on Delhi and Bangalore, made it rise as
per our standards. Now we are focusing
on Mumbai and then one by one to the other
centres till we become ‘tasty to
listen to’ in the metros. We also
believe that the smaller cities will continue
to diminish yield of the network brands
as advertisers will drive prices downwards
in those markets.
People
have been calling us up to congratulate
us on being the ‘consistent No.
2 in Delhi or the No. 1 Bollywood station
in Bangalore’. Some have been telling
us how we have beaten so many stations.
We humbly accept everyone’s wishes
but will continue to remind everyone and
ourselves that we will all do well in
the new era of FM if we focus on the new
norms of evaluation.
What
the data tells us is that we are on the
right track and improving, and need to
concentrate on ourselves rather than others
to achieve our objectives. Thank you RAM
for opening our eyes. Thank you listeners
for participating in Radio One every day,
and business partners for giving us a
mission to work towards.