GRC, thanks for the history lesson! We may be witnessing a sea change in the way every business operates. These small-town AM stations, which were built by local businessmen and investors are an anachronism of a time in which I think we all wish still existed. Sometimes, when a station's founder dies, his heirs look at the raw economics when evaluating their options; but they do not consider things which do not have a line on the financial statements. Stations are sold to settle estates, and everything changes. We nostalgia junkies hate the change part, especially when we see an era we loved rapidly coming to an end.
Radio Shack is also closing something like 1,100 stores. Like Staples, their walk-in trade is steadily falling off. On-line commerce is steadily becoming the predominant retail model in this new era. Even Wal-mart is offering more and more of its merchandise "on-line only." When companies as iconic as they start positioning themselves for the day when walk-in retailing is past history, the change is coming more rapidly than many realize. We did not begin to see the demise of Mom-&-Pop stores until they were nearly all gone. Same with the local radio stations. Our loss - in both cases.