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Underwriting Sales Management Across Platforms Jim Taszarek, President Kirk Nelson, CRMC, VP Sales and Marketing
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Public Radio Partners Principals Jim Taszarek, Jr. – President –Television – 4 yrs –Magazines – 3 yrs –Public Radio – 7 yrs –MBA, University of Southern California Kirk Nelson – Vice President –Professional Musician – 10 yrs –Retailing – 4 yrs –Commercial Radio Management – 17 yrs –Public Radio – 7 yrs Taz, Sr. – Prupster #1, Idea Slave, Guru w/o Portfolio –Broadcasting (TV/Radio) – 30+ yrs –PRUP & PR Consulting – 7+ yrs
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PRP Mission Link stations and corporate supporters in a mutually beneficial relationship that enables the station to better serve the community and helps the underwriter grow their business
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PRP Philosophy Public Broadcasting’s – Quality Programming – Non-commercial nature are what the audience appreciates and provides underwriters marketing value Respect and protect that nature in order to make underwriting a significant and sustainable revenue source
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Session Title Underwriting Sales Management Across Platforms
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Outcomes Multiple Platforms Management –Available Platforms –Concepts & Strategies –Management Focus –Expectations
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PBS Platforms Include Underwriting credits Web E-Newsletter Station events/outreach Print ads/member magazine
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PBS Platforms Viewer Supporters Reach$ PotentialInteractiveDetailCitizenship UW CreditsXXX WebXXX E-NewsletterXXX Station EventsXXX Member MagXXX
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Concepts & Strategies Engine Bundling Concentration of Force Supply & Demand The Flywheel Effect Path of Least Resistance Expectations
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Engine Theory
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Identifying Station Engines 1.Sell with little or no effort 2.Sold out for months in advance 3.Waiting list to support 4.Can’t seem to raise the rate enough
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Bundling
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PBS Television Genre Prime Time & Specials PBS Kids News & Current Affairs How To, Home Improvement/Travel
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Children's programs Every week more than 145,000 Valley families watch children's shows on KAET/Channel 8. Parents rank Barney & Friends, Sesame Street and Arthur among their top 5 children's shows in a recent study.
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News and Current Affairs Each week more than 324,000 business leaders watch Channel 8's news and public affairs programs. PBS news viewers are 57% more likely to have homes valued at $200,000
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Concentration of Force
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Flywheel Effect
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Supply & Demand The theory of supply and demand describes how prices vary as a result of a balance between product availability at each price (supply) and the desires of those with purchasing power at each price (demand). Alfred Marshall
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Supply & Demand
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Path of Least Resistance
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Alignment –Station GM –Board of Directors –Development –Traffic –Accounting –Member Services –Special Events –Volunteers
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Management Focus 1.Evaluate Inventory inventory (buckets) 2.Media Kit promote basic concepts 3.Rate Card reflect demand 4.Bundle your inventory Underwriting all genre inventory Multiple Platforms lead with engine (s) multi-media deliverables
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PBS Platforms Include Underwriting credits Web E-Newsletter Station events/outreach Print ads/member magazine
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Underwriting Unit Potential Weekly Units –News Genre –Rate Card Weekly Revenue Annual Revenue Pledge Drives Annual Revenue Net of Pledge 72 $500 $36,000 1,872,000 8 $1,584,000
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Web Unit Potential Total Weekly Avails ROS Spot Rate Weekly Revenue Annual Revenue Pledge Drives Total Annual Revenue 74 $100 $7,400 $384,800 0 $384,800
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Management Focus 1.Evaluate Inventory inventory (buckets) 2.Media Kit promote basic concepts 3.Rate Card reflect demand 4.Bundle your inventory Underwriting all genre inventory Multiple Platforms lead with engine (s) multi-media deliverables
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Media Kit
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Management Focus 1.Evaluate Inventory inventory (buckets) 2.Media Kit promote basic concepts 3.Rate Card reflect demand 4.Bundle your inventory Underwriting all genre inventory Multiple Platforms lead with engine (s) multi-media deliverables
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News & InformationRate M-F 5:30pmNightly Business Report475 M-F 6:00pmThe NewsHour600 M-F 11:00pmCharlie Rose250 Fri 7:00pmWashington Week500 Fri 7:30pmColorado State of Mind500 Fri 8:00pmMclaughlin Group500 Fri 8:30pmNow500 Rate Card
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Management Focus 1.Evaluate Inventory inventory (buckets) 2.Media Kit promote basic concepts 3.Rate Card reflect demand 4.Bundle your inventory Underwriting all genre inventory Multiple Platforms lead with engine (s) multi-media deliverables
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Bundling Your Inventory 1.On-air Underwriting Genre 2.Multi-Media 3.PBS Event
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On-Air Genre Bundling Weekly Units/News Genre Units Per Package Packages Available Package Spot Rate Package Cost Weekly Revenue Annual Revenue Pledge Drives Total Annual Revenue 72 8 9 $340 $2,720 $24,480 $1,272,960 8 $1,077,120
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Bundling – Credits/Web/Mag Per Wk/Month –News Genre 500/340 –Web Units 200/100 –Mag Ad2,610/2,000 Monthly Pkg Total Value Package Cost 9 Package Available Annual Revenue Pledge Drives Total Annual Revenue 8/32 3/12 1/1 $21,010 $14,080 $1,520,640 8 $1,438,020
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Expectations
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Engines –Most in demand Bundling –Use to maximize/leverage your engines/platforms Concentration of Force –Prioritize platforms Supply & Demand –Price inventory to sell Flywheel Effect –Allow projects/programs to germinate & grow Path of Least Resistance –Do those things underwriting department is good at
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Expectations TV dollars Shift to marketing –“Don’t ask what they can do for you, ask what you can do for them” Account focus
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?? Questions ?? Thank You
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