We've been around this track 1,000 times. WMAS isn't the only obstacle to WFME moving to Empire, or any other site in NYC. 94.3 on Long Island is just as big of a roadblock, and it isn't co-owned. It also can't move anywhere due to short spacing to New Haven and NJ.
WFME is stuck where it is. And the signal isn't half bad where it is, either. The best they could do is go even higher and lower the ERP to get over more of the mountains and the city to the east. But I doubt that's going to happen with Newark Airport being so close. Last year, Family Radio moved the antenna to a neighboring tower and went 100 feet higher.
Let me clarify and expand.
Take this scenario:
If Cumulus makes a deal for 99.5 (after the purchase is complete for 94.7) and then leases the 94.7 to Pacifica in return. Cash could (and probably would) be involved as well.
Pacifica won't have to worry about $500k/year for Empire rent and Cumulus gets an Empire signal.
In this case, the move for 94.7 to Empire would be irrelevant and unnecessary. 99.5 is already there.
Then wait for something to happen to Smithtown.
94.3 could always be deflowered and reclassified to translator status, eventually.
Jeff in Sa-ra-so-ta!