[What I had in Mind: buy blocks of airtime from news radio stations here in NYC - and with their help (say the station can guarantee a certain number of clients) - line up clients to make simple commercials: VO / Music Beds. I'd need a VO talent which I can get either from NYC area or from the internet (such as here). Same goes for adding special effects to spots. I'd have to work on spec re: blocks of airtime - or have cash to survive the initial period of making this work. Possibly this work would take more time than I imagined. Could be an interesting audio production business.
Profits from this could fuel work on the label. Originally trading stock options was my means of raising liftoff cash. Have my moments, but consistency here is the name of the game.
Do you mean you'd approach a station and "buy" all the advertising airtime during a certain timeframe, then attempt to fill it? I think you'll have trouble convincing a station (especially a major-market station) to do that. If anything, maybe overnights, but still doubtfull.
If you mean you'd handle all the production duties during a certain timeframe, you'll still have trouble. The radio station is already paying for a production staff, including writers, voice talent, and producers (although this is often a just a few people wearing all three hats).
I think your best bet would be (assuming you have a home production studio) to get a demo together and start contacting local ad agencies about doing freelance work for them. Recording studios charge a lot of money, and agencies don't like paying a lot of money -- if you do good work, and your prices are lower, they might take notice. Another option is for them to record the voiceover at a recording studio, then send VO to you for editing/production/distribution. That would save them money by lessening the time spent at the "big box" recording studio.
Another thing -- don't limit you capabilities to just commercial production, or whatever. In my home studio, I can voice/produce audio for radio/television/internet streaming/"on hold" phone messages/corporate training videos/etc. I also do cd and dvd duplication/VHS-to-DVD transfering, whatever I can find. Once you get a good reputation, word-of-mouth can really help out.
Tomcat