In 1988 if I wanted to communicate with the 60 radio stations affiliated with our news networks, I printed it and put it in an envelope and mailed it (USPS). Took as long as four days to reach some stations. No fax machines yet and email still years away.

This has such a Pony Express feel to me, here in 2017. The idea of a monthly, printed newsletter seems… quaint. But I recall almost every company and association doing a monthly (sometimes quarterly) newsletter. Somebody spent hours writing these things, often with multiple managers “signing off” before they went out.

When desktop publishing (and laser printers) came along, newsletters got ugly, fast. That was my opinion and I my philosophy was text-only; short paragraphs; one page, front and back. I read somewhere, “No more than an hour to write and a minute to read.” I think I knew, in my secret heart, that nobody read these things anyway. But I did them, every month for years. I kept most of them and they provide tiny snapshots of what was going one with our networks at the time.

Today we have Facebook pages and Twitter feeds and maybe even a blog or two. But I’m seeing some Big Names moving back to newsletters. Easier to monetize? More likely to be read?

It’s pretty easy to come up with an idea for a new business. It’s really hard to write good business plan for a new business. In 1972, 28-year-old Clyde Lear put together a proposal for regional radio network. He showed it to a half dozen local businessmen who invested in him and his idea. Last year Clyde’s company was valued at more than one billion dollars. It’s not really his company anymore, he sold it a few years ago.

Clyde kept that first business plan and it’s interesting reading. I worked for Clyde for 30 years and have known him for 40 so it might be more interesting to me than you. He’s graciously allowed me to share some of it here. It begins with the concept, his “big idea.” An excerpt:

Regional news and farm networks have been especially lucrative. The growing farm economy required quick dissemination of farm information. Much of this information is a necessity to the agribusinessman. Further, the advertiser wanting to market his good — machinery, seeds, services, fertilizer, feed, chemicals — looks for the way he can get the greatest number of farmers and ranchers to hear his message at the lowest possible cost. The regional farm network is the answer.

Advertising rates, proposed programs, projected expenses, descriptions of other networks. In 1972 there were 113 radio networks in the U. S. and Clyde researched eleven of them. Clyde’s First Business Plan – Other Networks (PDF)

Ohio Farm Network: This is a full-time farm network, but distribution is by tape, and five days late. Programming is entirely morning about 20 minutes in length. It is entirely a pre-sold program, based on a percentage of the rate card of each station. One man handles all the programming and all the selling. The overhead is low, and sales, by comparison to the others, are moderate at best, seldom reaching $10,000 per month.

If you’ve ever thought about starting your own business, or if you started your own business, you might find this bit of history interesting. The company that Clyde and others built from his original idea doesn’t look much like his original dream but that was never a static thing. Clyde’s First Business Plan – Background (PDF)