It's not clear what CBS is doing or has been trying to do with either the purchase of Wired or the attempted purchase of 106.9. Many of us assume, and in my case hope, that CBS is trying to bring KYW to FM. That's seeming less likely all the time. I am starting to believe that since CBS can't bring news (WINS) to FM in New York, then Philly isn't getting it either.
The KYW stategy is about maintaining and improving brand value in the next several years. The AMP strategy seeks to keep a younger audience from departing radio altogether and to maintain FM in the longer term.
KYW does face competition from other media. Maintaining the brand allows you to drive people to the KYW brand on other media. It is not clear how important that is to CBS.