Once upon a time I wrote occasional trust and estate-planning commercials that ran on radio stations offering classical music. Most of those for-profit broadcasters have perished. Some of the survivors are shadows of their former selves. (When WCRB in Boston was bought up recently, the new ownership changed the format from classical to classical lite; i.e., no more symphonies.)
Serious music (classical and jazz) hasn't vanished from the airwaves, however. It's moved to public radio, along with most serious public-affairs programing. As a result, non-profit radio attracts educated, affluent listeners – prime prospects for investment and financial-planning services.
Most all the major financial-services companies seem to sponsor something on NPR occasionally. BofA Wealth Management pops up on Morning Edition. But it's smaller banks and trust companies that may benefit most from public radio sponsorships. At relatively modest cost they can introduce their brand to considerable number of potential clients.
Here in New Hampshire, I hear Charter Trust Company and Laconia Savings Bank mentioned on NHPR.
What about you marketers in other parts of the country? Do you find public radio a useful, cost-efficient way to keep your brand name in the public ear?