Sort of.
One bay is essentially a radiator that "sends" the signal on a full 180° arc from ground to straight up. That means that much of the power goes at upwards angles into the sky... like a normal light bulb.
When you add more elements, the beam of the signal changes from the light bulb to more of a spotlight. The more bays, the tighter the beam. In other words, it is the same amount of power, but aimed at the market area towards the horizon, with less low angle "undershoot" or high angle "star shooting".
In these cases, the elements are "stacked" vertically. The spacing between bays is also a consideration for gain and beam angle.
When you get over 6 bays in an antenna ("antenna" being the system, "bays" being the individual radiating elements of the antenna system) there begin to be artifacts which cause the signal beam to have nulls and spikes; the beam can be so narrow that significant areas are under- or over-shot. This is particularly noxious with some 10 to 12 bay antennas, but most stations do not use that many bays anymore.
Many engineers prefer low bay count. When a station is lower powered, like an A, two bays would be considered optimal, and perhaps four to six bays for higher powers. In installations I have worked on, I have stayed at 6 or under.
These considerations change when panel antenna systems (such as in common antenna systems used by many stations) are employed. Panels are arranged in a circle around a central point on a structure, instead of being stacked vertically and are subject to different radiation "beam" calculations.
This is very, very simplified.
Beam me up, Scotty.
Thank you, David,very helpful as always. Think that i'm ready to become an engineer?