The voters' choice that night was between Warren G. Harding and James M. Cox. Both men had derived their political power as successful newspaper publishers. It is quite ironic, then, that one of these men would reach the highest office in the land on the same night that the nascent radio broadcasting business began its takedown of the newspaper industry.
Nowhere is this takedown more apparent than locally, where Charlotte radio has become, by far, the advertising medium with the largest reach among local consumers.
Last week, for instance, 1,827,300 adult consumers tuned to their favorite Charlotte radio stations. This significantly eclipses all other local media including newspaper and television.
Every year since 1970, AM/FM radio's reach has remained stable among adult consumers. During that same period, though, newspaper readership has plummeted.
Although local newspaper's remaining appeal is among older readers, Charlotte radio is now the primary medium of choice among every demographic. This includes Generation X, Y, & Z. Millennials. Boomers. Everybody.
The most important metric, though, for small business owners to consider is not the sheer size of an audience, but the quality of the audience. In the socio-economic categories which most advertisers covet, Charlotte radio dominates over local newspaper.
For small business owners who advertise on radio, there is little need to also put ads in the newspaper. Each week, according to Nielsen, 89% of local consumers who read a Charlotte newspaper are also reached by local radio stations. While only 43% of the radio audience can be reached in print.
By any criteria, advertising on Charlotte radio is superior to newspaper for helping Boston area small business owners claim a share of the $50 billion local consumers will spend this year.