[BC] License / Format to Mint Money
R J Carpenter
rcarpen
Sat Dec 3 07:31:09 CST 2005
This past Monday's Washington Post business section had a feature
article about advertising by companies seeking major Federal
contracts. Most are military or HSA contracts.
I know the Post frequently carries one- or two-page ads of this type.
What caught my attention was that it was claimed that this type of ad
has now replaced car dealer ads as the highest-billing category at
all-news WTOP. Similar ads are placed on sports stations, etc.
The point made was that preparation of bids for the contracts often
costs a million dollars so that1% of that spent on ads to reach the
"right" 50 people can be worth it. Federal rules prevent wining and
dining the contracting people and are generally observed. A number of
Congressmen play by different rules if we are to believe recent news
stories, indictments and confessions.
So WTOP (especially) has created a product which sells to outfits
trying to win contracts.
bob c.
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