RDR Turns 17
Tuesday, September 7th, 2010The good news is that 17 candles on a birthday cake are still manageable. The better news is there is no bad news. Radio Direct Response just celebrated its 17th birthday. We’d like to thank our clients, our staff, our friends and colleagues and everyone who’s helped make the past 17 years just a little bit more enjoyable than it would have been without them.
Business is thriving, due in part to the proliferation of what we like to call The New Radio. Satellite, online streaming and smart phone radio apps have complemented old school terrestrial beautifully, making 2010 (so far) the first year in recent memory that I haven’t read a trade publication article heralding the death of radio.
These new forms of radio – along with our friends in terrestrial, which still accounts for the bulk of radio listenership – continue to work with our buyers and clients to make sure that radio “works” and is accountable for meeting or beating our performance metrics.
It also helps that 100% of our media billings go to radio. Unlike a typical agency that might, on average, channel 7% of its annualized billings to radio, every dollar we spend on media goes into radio, in one form or another. We like to think that makes us 14 times more valuable as a conventional agency, since 14 times as much of our agency’s billings go to radio. Judging by our great media partnerships, the feeling is probably mutual.
Looking ahead, we see even more great opportunities in radio.
Retail trade promotions leverage radio schedules and on-air promotions to gain prime selling space in supermarkets. In-store radio broadcasts (like POP Radio) add new ways to touch the consumer at the precise point of making a purchase decision. Online radio streams add instant click-through potential to guide prospective buyers to a place where they can make a purchase.
In my 30 years of radio, there have never been so many opportunities to use the medium to sell practically any product or service.
I’m privileged to work with an extraordinary group of people who share my passion for radio. To you I say “Thank you!” for making it possible for me to wake up every morning and go to work doing something I love.
Mark Lipsky, President & CEO