Whether Cumulus attempts to move the 94.7FM signal at all will depend on what their intentions are for the station. The Northern New Jersey audience is a very diverse and, in some regions, a very wealthy one. Foregoing them to capture some Long Island listeners may not justify the costs and maneuvers exhausted on such an endeavor.
Augmenting WFME's stick value is apparently what occupied much of the time spent this year on Mt. Pleasant Avenue in West Orange, NJ. The signal was relocated to the taller tower, specifically to reduce shadowing interference incurred by transmitting from the shorter tower. Family Stations Inc. only accepted the inferior situation for the past 40+ years, and I'm sure the enjoyment of their audience and not the prospect of any future sale was the primary objective in their minds when making this move
Nonetheless, the fact may be that by making this move, which included a mandatory power reduction, Family Radio may just have maximized the WFME facility to its fullest potential.
With all due respect, I think many posters here are oversimplifying the situation. Just because 100.3FM moved from a location near to WFME's present location to the Empire State Building in 1983, that does not mean that 94.7FM can do the same thing. Over the past 30+ years, the regulations have changed and the FM band has become more crowded. Crain's reported the WFME sale to be in the neighborhood of $40 million, which is about 53.3% of the 101.9FM transaction between Merlin and CBS. There's a GOOD REASON
for that rather large price difference. Perhaps the sale price is reflective of the limitations to this particular FM signal, despite it being situated only about 15 miles west of New York City in Essex County, New Jersey.