On September 4, the political advertising window opened on Las Vegas television and radio stations. This is a 60 day period leading up to a general election when broadcast stations licensed by the Federal Communication Commission are obligated to offer candidates for national office the opportunity to buy commercials at the lowest unit rate (LUR).
For example, if a high-frequency advertiser like McDonald's earns the lowest rates on a particular Las Vegas radio station during morning drive-time, then any candidate for federal office must, during the 60-day political window, be offered the same rate for morning drive time on that station, regardless of frequency.
If, however, the McDonald's rate is contingent on the radio station's ability to pre-empt commercials without notice, then qualified candidates must agree to identical terms to receive the same rate.
To facilitate the purchase of commercials on Las Vegas radio, stations will supply candidates with a political rate-card. This card will show the LUR by time of day and by preemption parameters.
Here are other important facts about political advertising on Las Vegas radio.
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LUR
Advertising on Las Vegas television and cable is becoming less attractive to local business owners as viewers rapidly defect to alternative video entertainment sources including, Netflix, YouTube, Hulu, Amazon and Disney+.
Collectively these streaming services are referred to as Over-The-Top Television (OTT) and Connected-TV (CTV). Viewers can only access this OTT and CTV content via smartphone, tablets, computers, smart-TVs, Amazon Fire Sticks, and Roku Sticks, Nielsen reports that 92.7% of Clark County adults own at least one these devices. Furthermore, they are using them.
According to Nielsen, OTT and CTV networks now reach 44.8% of all Las Vegas consumers every week.
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Streaming Video,
OTT,
CTV
New data from the US Census Bureau has optimistic news for Clark County companies that sell business-to-business.
There are approximately 44,500 business establishments in the Las Vegas area, according to the Census Bureau. Indeed, many of these businesses have suffered since the onset of the Coronavirus, especially in April.
Census information is now showing positive indicators that the fortunes of area companies are improving. This includes those with 500 or fewer employees. These small businesses account for 95% of all Las Vegas area firms.
During the week of April 39% of Las Vegas area small businesses reported temporary closures. By July 1, the number dropped to 19%
Also, during that same week, 72% of Las Vegas small business owners were reporting decreases in revenue versus the prior week. By the end of last week that number fell by over half.
In both June and July of this year, national data shows all retail and food services spending significantly outperformed the prior year by between two and three percent.
As the business climate improves in the Las Vegas area, the fortunes of B2B companies will accelerate as well. These include those businesses that sell office supplies, restaurant supplies, cleaning services, legal services, accounting services, transportation services, banking services, technology, and commercial real estate.
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small business,
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business to business,
b2b
Before COVID-19, most listening to Las Vegas radio happened outside the home. Consumers were tuning-in to their favorite stations from the car on the way to their job. Then, they tuned-in when they arrived at work. They listened again during the commute back home.
Nielsen recently surveyed consumers who worked from home before and during the novel coronavirus outbreak. The results show, as of June, 66% of respondents now work from home full-time as a consequence of the pandemic.
Among homebound employees, Nielsen discovered that listening to music on radio remains an important part of their working hours. This is good news for Clark County small business owners who advertise on Las Vegas radio
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in-car listening,
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corona,
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time spent listening
Las Vegas radio reaches more area adults every week than any other medium. During a typical seven-day period, according to Nielsen, 1.5 million local consumers tune-in to their favorite AM and FM stations. This is significantly more than those who watch broadcast television, subscribe to pay-TV, browse social media, read a newspaper, or stream music from Pandora and Spotify.
Radio's omnipresence in the life of Clark County consumers is remarkable considering today is the medium's 100th birthday.
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Despite all of the media options available for small business owners to market their goods and services, advertising on Las Vegas radio is still the best way to reach Clark County consumers.
Adult consumers are spending 741 minutes per day consuming electronic media, according to a new study by Nielsen. This is 7.8% more time than they spent last year and 11.2% more than in 2018.
The typical daily media diet consists of radio, live TV, time-shifted TV, DVD/Blue-ray devices, game consoles, internet-connected devices, as well as internet via computers, smartphone apps, and tablet apps.
According to Nielsen, despite all of these media options, local radio reaches the most consumers every week.
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las vegas small business owner,
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There is good news for Las Vegas retailers and restaurants.
As a result of the pandemic, one-third of consumers indicate they will pay a premium for local brands and products, according to a recent study by Ernst & Young
However, before consumers will buy from a local business in Henderson, North Las Vegas, Summerlin, or any town in-between, they must know they can do so without risking their health.
Advertising is the only practical way to let Clark County shoppers and diners know about the precautions and practices your small business has taken to reduce potential health threats.
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restaurant,
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During July, 1.4 million adult radio-listeners spent two hours per day listening to their favorite Las Vegas radio stations, according to Nielsen. Although local consumers had spent fewer minutes listening at the onset of the pandemic, the current time tuned-in remains little changed compared to a year ago.
Some advertising experts had predicted that as consumers spent more time at home because of COVID-19 concerns, the hours devoted to radio listening would decrease. That, however, was not the case.
In July of 2019, according to Nielsen, 66.7% of listening to Las Vegas radio occurred away from home. During July of this year, out-of-home listening remains virtually unchanged.
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sirius/xm,
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podcasts,
pandemic
More than one-third of Clark County households are 'cord-cutters' or 'cord-nevers'. This means, they have fired their cable or satellite television providers or never subscribed at all. Instead, these consumers are choosing to find their video entertainment elsewhere.
The number of local homes that subscribe to pay-TV services began plummeting in 2013. New technologies has allowed viewers to bypass cable and satellite for more compelling content at lower prices. These cord-cutters now depend on services like Netflix, Hulu, Disney+, and Amazon Prime to fill their multiple screens.
For many years, Nevada small business owners have been investing a significant portion of their advertising budgets into cable-TV. The medium had proven to be a low-cost, high-reach alternative to buying commercial on over-the-air television stations.
Now, because of cord-cutting, there are 611,000 adult consumers in Las Vegas with unconnected TVs. This profoundly diminishes the value proposition of advertising with local cable systems.
There is a powerful and affordable solution, however, for small business owners to reach both the diminishing cable audience and the expanding number of cord-cutters.
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small business advertising,
small business owner,
television advertising,
radio advertising,
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cord-never,
satellite TV
Based on projections from the National Retail Federation, Clark County parents are expected to spend $235 million to equip K-12 kids for the upcoming school year. If so, then this shopping spree will be 29% bigger than last year's and the biggest take since 2012.
“By any measure, this is an unprecedented year with great uncertainty, including how students will get their education this fall whether they are in kindergarten or college,” NRF President and CEO Matthew Shay says.
“Most parents don’t know whether their children will be sitting in a classroom or in front of a computer in the dining room, or a combination of the two. But they do know the value of an education and are navigating uncertainty and unknowns so that students are prepared."
Along with pencils, paper, pens, and knapsacks, the NRF survey says 63 percent of K-12 families expect to buy computers and other electronics this year, up from 54% last year, and they expect to spend more at an average $274.44, up from $203.44 last year. The $71 difference accounts for the largest share of the overall increase in average spending of almost $93.
Also, because many parents are unsure if learning will take place at school or at home, back-to-school spending this year is expected to include home furnishings such as desks, chairs, and lamps.
To claim a meaningful share of this year's booming back-to-school economy, local retailers will need to advertise to let parents know that their stores are open, it is safe to shop, and the needed supplies are in stock.
By any metric, the best way to reach these parents is on Las Vegas radio.
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small business advertising,
small business owner,
radio advertising,
millennials,
las vegas small business owner,
effective radio advertising,
back to school shopping,
retail,
store traffic,
small business,
millennial parents,
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