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ESPN 98.7 FM to be no more come August 31, 2024

N

NYAZSporty

Good Karma Brands will ditch ESPN 98.7 FM next year & focus on its 1050 AM frequency for its sports radio content. Essentially, they didn't find it financially viable to have the FM signal. Let the rumors of what comes to 98.7 next year begin & the sports radio war that was more of a mauling by WFAN will come to an end.
nypost.com

ESPN New York ditching 98.7 FM signal in $12.5 million decision

The New York sports radio wars as we know it will end a little less than a year from now.
nypost.com nypost.com
 
NYCsporty said:
Good Karma Brands will ditch ESPN 98.7 FM next year & focus on its 1050 AM frequency for its sports radio content. Essentially, they didn't find it financially viable to have the FM signal. Let the rumors of what comes to 98.7 next year begin & the sports radio war that was more of a mauling by WFAN will come to an end.
nypost.com

ESPN New York ditching 98.7 FM signal in $12.5 million decision

The New York sports radio wars as we know it will end a little less than a year from now.
nypost.com nypost.com
Click to expand...
Wow. I figured Good Karma would purchase it. Perhaps Radio One goes "all in" on NY with 97.1, 98.7 and 107.5?
 
NYCsporty said:
Good Karma Brands will ditch ESPN 98.7 FM next year & focus on its 1050 AM frequency for its sports radio content. Essentially, they didn't find it financially viable to have the FM signal. Let the rumors of what comes to 98.7 next year begin & the sports radio war that was more of a mauling by WFAN will come to an end.
nypost.com

ESPN New York ditching 98.7 FM signal in $12.5 million decision

The New York sports radio wars as we know it will end a little less than a year from now.
nypost.com nypost.com
Click to expand...
Can't imagine the Jets, Knicks, and Rangers are too happy with this.
 
RMarino said:
The sad quote from this article is, “investing in an FM signal was not relevant in the way it was a decade ago”. Yes, we all knew this already, but hearing it validated yet again is never easy.
Click to expand...
Exactly. Most of the Espn station is going out of business are stations that are competing with local sports stations like “The Fan”
 
This is a stunner. I guess the asking price for 98.7 is too big of a pill for Good Karma to swallow.

ESPN radio will earn anemic ratings on 1050.

I suspect there will be no shortage of interested parties for 98.7. I suspect the owner of WABC will be one such party.
 
Thinking of the religious broadcasters first as they’re most likely going to be the most interested buyers - would EMF be interested in a full market signal for Air 1? VCY America upgrades from 103.9, or is that too big of a lift for them financially?

WABC’s owner I would agree with being a candidate as well.

Audacy and iHeart are tapped out. The only possibility I could see there which likely would not happen is Audacy gets it and then spins the weaker 94.7 off. That would give them three full market FM’s.

It would be interesting to see it reunited with 97.1 and 107.5.
 
I wonder if Audacy would buy it and move The Block and sell off 94.7. Probably not since 98.7 asking price is $50 mill.
Formats NYC does not need…ROCK, COUNTRY, CHRISTIAN, SPANISH, SPORTS, NEWS, OLDIES AND URBAN
 
$50 million? We'll see. When it comes right down to it there won't be as many serious buyers as some may think. That's a lot of ROI to have to make up.
 
VicRadio said:
Formats NYC does not need…ROCK, COUNTRY, CHRISTIAN, SPANISH, SPORTS, NEWS, OLDIES AND URBAN
Click to expand...
"Spanish" is not a format, it is a language. There are as many... or more... identifiable formats in Spanish as there are in English. Since the total market is now 30% Hispanic and even at a higher percentage in 18-49, we can expect more entries in that field. Since the current wave of immigration is predominantly Hispanic, there is even more reason to consider other formats in that language in New York.

All news won't find new entries as it is an old-leaning format and very expensive. Oldies is seldom commercially successful due to the age of listeners. "Urban" is today's broader CHR, appealing to Blacks, Hispanics and many non-Hispanic whites and is a growth area as the market, in the 18-54 age range, is well over half Black and Hispanic.

Country already has proven itself to not be viable unless on a far-suburban area station.
 
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