Mindshare executive says radio sector ‘could do better’
Stations told extra €5m could be spent on medium if industry were more innovative
98FM’s ‘Naked Breakfast’ event in Vicar Street, in which even the ads were performed live, is cited as a recent example of innovation by the Irish radio industry. Photograph: Marc O’Sullivan
The Irish radio industry is overly reliant on spot advertising, Bill Kinlay, the chief executive of media agency Mindshare Ireland, told stations during a “half-time team talk” to the Independent Broadcasters of Ireland (IBI) conference last week.
Keeping firmly to “the spot route” meant stations were “trying to convert money that is getting harder and harder to convert”, Kinlay said.
“You need to be less dependent on your spot revenue and grow additional revenue streams.”
The medium needs to increase visual support for stations (by staging events and building a social media presence), ensure listeners are not passive ones that treat it as background noise and reduce advertising “clutter”.
The Naked Breakfast show on 98FM was cited as an example of recent innovation by the industry. Its entire breakfast show – including the ads, the music and the jingles – were performed and broadcast live from Vicar Street one Friday last November.
The radio market will grow by about €3 million this year to €92 million, according to Mindshare’s forecasts.
“But I think there’s an additional €5 million up for grabs,” he told IBI members,” Kinlay said.
“We want you to make it easy for us to spend money.”