The common thread is that EMF was able to offer cash to motivated buyers - owners who needed cash to service debt. In Philly's case, Merlin invested a lot of other people's money in several stations which they then tanked with expensive news formats that didn't gain traction. In Philly, they tried mostly-syndicated talk which, given time, would probably have caught on. But Merlin didn't have any time left; their investors wanted to recover what they could from the failed experiments in Chicago and NYC. EMF offered cash for 106.9 and CBS either lost interest in an additional FM outlet (possibly for KYW), or didn't want to pay the price...