RAMP, they did a little reading during the intermission of last night's Stanley Cup Game 7 of the new Parks Associates/ TargetSpot research study about online radio usage...and make some great points (re-published below):
The old adage says, "Fish where the fish are." Pretty self-explanatory -- if the people you want to reach are somewhere, be where they are and don't wander off in another direction. With that in mind, it's mind-boggling that radio people still aren't acknowledging the draw of Internet radio streaming and not seeing the potential to reach listeners there. In a study that Parks Associates did recently for TargetSpot called Digital Audio Usage Trends: A Highly Engaged Listenership, the research company concluded that digital audio listening has indeed reached critical mass, with 39% of all broadband-equipped American households using Internet radio... though it's important to note that Parks included online simulcasts of terrestrial stations as part of their "Internet radio" figures. Online streaming mirrors broadcast radio usage, with around 80% of respondents consuming 1-7 hours of radio -- both Internet-based and online streams of broadcast stations -- daily on their laptops, desktops and tablets; the only device where online beat transmitter was via smartphones, which topped out at 84%. One bright spot in these figures was that 66% of Internet radio users actually listened to the same amount of -- or more broadcast radio as a result of streaming.
Here's where the money kicks in, so get your salespeople to read this next part: Listeners' ad-response rate was great for Internet radio, with 52% recalling seeing or hearing an ad online, and 40% actually responded to the commercial. Plus, Parks reports that "combining Internet radio with broadcast radio advertising boosts broadcast ad recall and increases response by 3.5 times over broadcast-only rates." Translation: If you're wasting your online stopsets, you're losing valuable revenue that can be used to reinforce your over-the-air spots. It's worth your while to check out the full report and to rally your troops to fish where the fish are -- because smartphones and Internet streaming aren't disappearing.
posted by Chris Kennedy @ Thursday, June 16, 2011,