What We Do

  • String Theory Media develops documentary and feature content about music and music-making for traditional and new media.

Who We Are

Contact Us

  • String Theory Media
    615.460.1236
  • 2812-B Vaulx Lane
    Nashville, TN 37204
Bookmark and Share

« The Infamous Stringdusters | Main | Losing Control and Liking It »

April 29, 2007

Comments

George

I agree that Irving Waugh was a brillaint man. A true visionary in his field. Underappreciated during his lifetime.

The problem with WSM can't simply be solved by management or Gaylord. What differs WSM from the other Gaylord properties is that the station depends on advertising agencies to make buys. In the old days, the station had a built-in customer: National Life & Accident Insurance Company. That company was the lifeline, and didn't care how WSM did in the ratings, or what the age of its audience was, as long as it represented the Insurance Company to the public. That was the deal.

Today, radio stations don't have built-in customers. They share advertisers with dozens of other media. Advertisers don't care about the programming of a station, but the size and make-up of its audience. The Opry has struggled in selling its image to sponsors, but they have an exclusive. There is only one Grand Ole Opry. There are 12,000 radio stations. Even if you distinguish WSM as a specific and unique brand, you will find a very limited market for advertisers interested in it. Not enough to continue to operate the station at its current level.

I understand Mr. Waugh's idea about making a deal with the labels, but their focus has changed too. They aren't interested in the broad view of music, but getting the next #1 on the chart. Having a hit on one station, no matter how big or unique, isn't enough in this world of multiple platforms and short attention spans.

Irving Waugh was the right person in the right place at the right time. All of those things are why we admire him. You change any of those three things, and he might not have been able to accomplish all that he did.

string theory

George,

I have to correct a common misperception that you share about WSM and National Life. The insurance company didn't subsidize the broadcating stations. WSM made a lot of money for NL from the mid thirties on. NL was a significant sponsor on WSM for only a brief period. For decades, WSM sold its time in big blocks to long-time sponsors who produced shows. WSM became a big production company that existed virtually independent from the insurance company. As long as they invested in talent they grew. When they, and every other big media company of the twentieth century, started trying to make money by cutting talent or by hyper-paying for celebrity talent, they all started dying. When you and others dismiss out of hand any way forward but the status quo for radio stations or any other segment of the entertainment business, I just see a failure of imagination. If WSM's people had thought like that in the 1940s, they'd never have built an empire.

George

My point is that advertising today is not done the way it was in the 40s. The bigger issue here is how advertiser-supported media works. As long as this station is supported by advertisers, it has to dance to their tune, not the other way around. This isn't an issue of "status quo," but simply how to get financial backing for an idea when there is low demand for the product. If you have a better way to get money, we'd all love to hear it.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

My Photo

WELCOME!

  • String Theory Media is the web home and blog of author, producer and consultant Craig Havighurst.
    Follow chavighurst on Twitter

Air Castle of the South

Craig's Radio

Music Blogs and Resources