Cornwall's 105 to 107 Itchy FM - Ofcom Licensing
Cornwall's 105 to 107 Itchy FM - Ofcom Licensing
Cornwall's 105 to 107 Itchy FM - Ofcom Licensing
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Audience Projections<br />
<strong>Itchy</strong> <strong>FM</strong> predicts a <strong>to</strong>tal of 51,000 weekly listening hours in its first year, rising <strong>to</strong> 73,000 by the third<br />
year of operation, which is a market share of 3% rising <strong>to</strong> 5% from years 1 <strong>to</strong> 3 respectively. Amongst<br />
its target audience of under-35s, this represents a 16% market share by the third year.<br />
Audience Projections Table Demographic Year 1 Year 2 Year 3<br />
TSA Target 15-34 106,841 106,841 106,841<br />
Weekly Reach 000's 49,085 59,604 70,122<br />
Weekly Reach % 46% 56% 66%<br />
Weekly Total Hours 314,245 441,102 546,256<br />
Weekly Average Hours 6.4 7.4 7.8<br />
Market Share 9% 13% 16%<br />
TSA All Adults 15+ 412,912 412,912 412,912<br />
Weekly Reach 000's 51,063 62,005 72,947<br />
Weekly Reach % 12% 15% 18%<br />
Weekly Total Hours 320,078 449,435 556,575<br />
Weekly Average Hours 6.27 7.25 7.6<br />
Market Share 3% 4% 5%<br />
In determining our projections, we have looked <strong>to</strong> our research and additional data from published<br />
audience figures, our moni<strong>to</strong>ring study and a comparison against existing comparable UK commercial<br />
radio stations.<br />
Our research clearly shows that we can expect a<br />
strong interest from launch. The November 2004<br />
NOP Study shows that 57% of respondents stated<br />
they would strongly like <strong>to</strong> listen <strong>to</strong> the type of music<br />
radio station we propose, of which a quarter<br />
predicted it would be their favourite station. A quarter<br />
of all respondents in the sample said they would<br />
listen only a little, leaving just 14% saying they would<br />
rarely listen. Combined, this suggests that over 80%<br />
of all adults under 39 would listen <strong>to</strong> <strong>Itchy</strong> <strong>FM</strong>, with<br />
two thirds listening a lot.<br />
There is strong evidence that <strong>Itchy</strong> <strong>FM</strong> can deliver its third year weekly reach projections of 66%<br />
amongst 15-34 adults. They are deliberately cautious. In calculating weekly listening hours and share,<br />
however, we have taken in<strong>to</strong> account the existing commitment of existing listening from other radio,<br />
mainly being BBC Radio 1 and Pirate <strong>FM</strong> which dominate the younger adult marketplace.<br />
Whilst 57% of all respondents currently listen <strong>to</strong> BBC Radio 1 the most, only 3% of this audience said<br />
they were “completely satisfied”, as opposed <strong>to</strong> a more loyal Pirate <strong>FM</strong> listener trend, of which only<br />
11% said they were likely <strong>to</strong> make a new station their favourite.<br />
The research shows <strong>Itchy</strong> <strong>FM</strong> will quickly attract listeners and further shows evidence of converting<br />
these <strong>to</strong> loyal listeners. Our music-led, locally oriented output will offer a compelling alternative <strong>to</strong><br />
national output from BBC Radio One and also a choice for Pirate <strong>FM</strong>’s younger audience who currently<br />
listen <strong>to</strong> a local service which is predominantly targeting an older audience.<br />
Our RAJAR research will not track the transient holiday visi<strong>to</strong>rs which make up 1.45 million 15-34 year<br />
olds per annum, according <strong>to</strong> County Council and Tourism data. We have made budgetary provision <strong>to</strong><br />
carry out supplemental brand recall / dipstick research <strong>to</strong> identify listening <strong>to</strong> <strong>Itchy</strong> <strong>FM</strong>. Whilst this will<br />
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