The fair comment isn't that there's a religious invasion, but that NO ONE ELSE is buying radio right now.
The general wisdom 10 or more years ago was when the big radio companies went bankrupt, it would lead to a return of local operators and radio would return to where it was before iHeart and other big companies. Part of that would be that station prices would drop to become affordable again. So what we have now is affordable prices and no buyers. To make matters worse, one of the few local owners in Cincinnati decided to sell.
So this is a combination of bad circumstances: The lack of new buyers is driving down station prices, leading to great opportunities for the only people in the market for stations, who are all religious. If there were other buyers, this wouldn't happen, because EMF and VCY are getting these stations without competition. They walk in, make an offer, and it's immediately accepted. At least that seems to be what happened with 105.9.
By the way, I predict a very similar thing will happen with TV stations at some point. The big TV owners are all looking for ways out, and there are no buyers for the towers and transmitters. ABC and CBS have both floated the idea of selling their TV operations. The offers on the table have not been reassuring. Already, the head of ABC is back-peddling. But there could be major change coming in media ownership, and it's not for the best.