Q&A with SPEED's
Jim Liberatore
on direction of network
January 5, 2004
Q: SPEED
Channel rolled past the
60-million US household
mark in December. The
network has been atop
the growth charts for
months, having added 19
million households in
the last two years. Are
you comfortable with
SPEED's numbers?
Liberatore: "I am
comfortable because it's
the pace we had hoped
for and expected all
along. We have
aggressive expectations
and we are fulfilling
them. You would expect
that with the NASCAR
deal and some of the
exclusive deals we have
with other racing
series, that we would
have that kind of
growth.
"I realize that we are a
niche network, but when
we are compared to other
niche networks, it's
like apples and oranges.
We have live, first-run
airings of the best of
our genre, which other
networks don't. So, we
should be growing like
this.
"Will we continue to be
the fastest growing
sports cable network --
no. When you start
getting to 60 million
homes and then to 65, it
does start to slow. Some
of the networks that are
just starting up will
obviously start to grow
faster than SPEED. Going
from zero to seven
million homes is a lot
easier than going from
60 to 67 million."
Q: What were some of
SPEED Channel's
highlights in 2003? What
did you learn from them?
Liberatore: "I look at
highlights in two ways.
First, a highlight that
we learned from, which
doesn't necessarily mean
it was good for us short
term, but good because
we learned valuable
lessons along the way.
For example, one thing
we learned was replays
of racing in Prime Time
does not work. Whether
it's NASCAR or any other
series, it simply does
not work. So, what we've
done is take some of the
replays out of the 7
p.m. to 10 p.m. time
slot.
"We've also learned that
some of the automotive
enthusiast magazine
shows do very well in
that same time slot with
some of them attracting
younger demos --
although, I am not as
fascinated or enamored
with the younger demo as
everyone else seems to
be. I'd prefer to hit
the upscale 25-54 guy
with disposable income.
That's the demo we are
proud of at SPEED.
Certainly, we'd like
some programming for the
18-34, but we are not
going to completely
change the network to
reach them. We're very
happy with the audience
we have.
"Shows like American
Muscle Car and Two Guys
Garage have scored well
with just a moderate
amount of promotion. We
may have wasted a little
money last year, because
we really didn't know
ourselves. By focusing
all our promotional
dollars on racing, we
are like the acne-faced
teenager that's just
figuring out where he
wants to go and what he
wants to be. But we have
learned.
"The second part of the
highlights would be the
pleasant surprises.
Foremost, the SPEED
staff rose to the
challenges we faced as
such a young
organization. The fact
that we are young means
we have to do a lot of
thinking on our feet --
we need a lot of
creativity, work and
time. And the staff has
come through
brilliantly."
Q: SPEED Channel is the
obvious benchmark for
motor sports coverage.
How do you bring the
qualities that separate
SPEED's race coverage
over to the auto
enthusiast programming?
Liberatore: "Talent is
where it all begins and
ends. I think that is
where we have done a
good job -- and we
should. If our genre is
motor sports, we should
have the best
commentators in the
business and clearly we
do. When you get into
these other programs,
the same principle
applies. When we wanted
to do a show about car
auctions,
Barrett-Jackson was the
best in the business, so
naturally we partnered
with them. This extends
to the use of the
Barrett-Jackson name and
the Barrett-Jackson
expertise in our new
show, Car Search.
"It is all about
maintaining the talent
level. Within the
industry, we get very
caught up in production
value. Outside of the
industry, I don't think
anyone else really does
-- as long as it's good.
What makes or breaks
everything is talent,
and we are going to
continue to identify,
attract and employ the
best talent available
whether it's racing or
magazines or anything
else."
Q: Will all the racing
series that were on
SPEED Channel in 2003 be
back in 2004?
Liberatore: "CART will
not. I do not want to
announce anything until
they do, but CART will
not be back on SPEED
Channel. Trans-Am will
not be back on SPEED as
far as we know today. As
far as I know, that's
it."
Q: Is SPEED Channel
talking to any other
racing series about
coming to the network?
Liberatore: "We are
talking to the guys at
IROC. Nothing is
finalized yet. There
aren't a lot of other
series out there that
are looking for a home.
The IRL and NHRA still
have deals with ESPN."
Q: SPEED Channel is
casually defined as the
"racing" network or the
"motor sports" network.
Is that a fair
description?
Liberatore: "Yes - it's
fair because it's
important to what we do,
but it's limiting. It
doesn't describe us
completely, but
certainly it's fair
because that's what
we've promoted in the
last year. Partially, we
are a motor sports
network and partially we
are an auto enthusiast
network. And I think
viewers are going to see
a lot more of the
enthusiast personality
with enhanced and better
programming."
Q: Wind Tunnel has
rapidly become one of
SPEED Channel's
signature programs. How
do explain the early
success of the Tunnel?
Liberatore: "It's Dave
(Despain). He's probably
more knowledgeable about
more forms of motor
sports than anyone out
there. He's so diverse.
His delivery is great,
he's no nonsense and he
can get through a lot in
an hour. So, when people
watch the program, they
feel like they really
learned something.
"I think the respect he
has in the industry is
demonstrated by the
number of newspapers and
magazines sourcing Wind
Tunnel in their stories.
It's a real testament to
Dave and his abilities."
Q: The NASCAR season is
about to get started
again. What will SPEED's
role be in Daytona?
Liberatore: "SPEED
Channel will head to
Daytona in January for
NASCAR testing. We will
be unveiling our new
53-foot stage truck and
I think it's safe to
say, anytime there are
cars on the track during
Speedweeks, SPEED
Channel will be there.
We will have more than
75 hours of live
coverage, highlighted by
live coverage of the
first-ever night running
of the NASCAR Craftsman
Truck Series race at
Daytona. The fans have
gone 12 weeks without
seeing their favorite
drivers, so we expect
they will be hungry for
it."
In 2004, SPEED Channel
is the exclusive U.S.
cable home for many of
the top motor sports
series in the world. In
addition, SPEED's weekly
Auto Focus block of
programming brings car
enthusiast television to
Prime Time Monday
through Thursday. Now
available in more the 64
million homes in North
America, SPEED Channel
is the fastest growing
sports cable network in
the country and the home
to NASCAR TV..
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