YOUR CFO’S NEW BEST FRIEND!

How about this? Let’s demonstrate to you how much you could possibly save instead of talking price for the moment. And keep in mind… we operate in Canadian dollars.


Sample scenarioS:

Media Company A

 

The group operates 50 radio stations in one country in large, medium and small markets. There are 6 unique formats with a dedicated Music Director for each format.

 

Assumptions:

ANNUAL AMOUNTS Per employee Total department
Average MD Salary  $50,000.00 $300,000.00
Employee benefits (10%) $5,000.00 $30,000.00
Scheduling licenses $3,000.00 $18,000.00
Total cost $58,000.00 $348,000.00

4 Formats are aired on 8 stations. 2 formats are aired on 9 stations.

COMPARISON
Media Company A’s cost  $348,000.00
The Music Department’s fees $182,400.00
Annual savings $165,600.00 (47.6%)

Media Company B

 

The owner operates 4 radio stations in two medium-size markets within same region. There are 2 unique formats with a dedicated Music Director programming each format.

 

Assumptions:

ANNUAL AMOUNTS Per employee Total department
Average MD Salary  $40,000.00 $80,000.00
Employee benefits (10%) $4,000.00 $8,000.00
Scheduling licenses $3,000.00 $6,000.00
Total cost $47,000.00 $94,000.00

 

 

COMPARISON 
Media Company B’s cost  $94,000.00
The Music Department’s fees $48,000.00
Annual savings $46,000.00 (48.9%)


But, its not all about the money saved. The Music Department brings piece of mind for Program Directors: no worrying about last minute sick days and vacation fill-ins or finding qualified replacements when someone leaves.

 

A key benefit of The Music Department is a better music offering. Playing the right songs in the right order at the right time will increase ratings. And we all know increased ratings means increased profit. In today’s competitive business climate, it’s the top-ranked stations driving their revenues. Mid and bottom tier music stations struggle to break even.

 

We are your music department!