Product details

By continuing to use our site you consent to the use of cookies as described in our privacy policy unless you have disabled them.
You can change your cookie settings at any time but parts of our site will not function correctly without them.
Case
-
Reference no. 594-044-1
Subject category: Marketing
Published by: Cranfield School of Management
Published in: 1994
Length: 18 pages
Data source: Field research

Abstract

Classic FM, a media-led consortium, was convinced that it could find a ready audience for a radio station offering popular and accessible classical music - but had to convince the British Government, backers and the advertising industry of the merits of its proposal. After bidding unsuccessfully for a London ''incremental'' contract, Classic FM went on to secure the UK''s first Independent National Radio franchise. The case can be used to illustrate a number of marketing principles, but is particularly appropriate for use to support discussions on market segmentation and the positioning of a new service business. In particular it demonstrates how a (media) service must be positioned in such a way as to satisfy the requirements of its consumers and customers, within strict parameters imposed by industry regulators.
Location:
Industry:
Size:
Small media consortium
Other setting(s):
1986-1992

About

Abstract

Classic FM, a media-led consortium, was convinced that it could find a ready audience for a radio station offering popular and accessible classical music - but had to convince the British Government, backers and the advertising industry of the merits of its proposal. After bidding unsuccessfully for a London ''incremental'' contract, Classic FM went on to secure the UK''s first Independent National Radio franchise. The case can be used to illustrate a number of marketing principles, but is particularly appropriate for use to support discussions on market segmentation and the positioning of a new service business. In particular it demonstrates how a (media) service must be positioned in such a way as to satisfy the requirements of its consumers and customers, within strict parameters imposed by industry regulators.

Settings

Location:
Industry:
Size:
Small media consortium
Other setting(s):
1986-1992

Related