It will be a sad day for those who appreciate broadcast heritage and legacy but, then again, legacy only gets you so far. Unfortunately, good people will lose their jobs and will have nowhere else to go. Much as I wish I could be an advocate for radio news, I can't. Everyone has a wire service equivalent available to them now, on a phone or on a computer. The habit of listening to radio for news was broken long ago, killed by programming dogma and general inattention. Even if that hadn't happened, ubiquitous connectivity would have had a negative effect sooner or later. It just happened sooner. I've wondered how long the few remaining all-news stations can hold out. I'm not going to make predictions here, because I'm not striving for some kind of prophetic reward, but future moves involving those stations, driven by economic pressures, are likely, in my opinion.
Sports is a stopgap for AM radio. That will eventually end up on FM, too. While this is not speculation about 98.7 but a more general statement, much will depend upon whether Good Karma believes long-range planning is something for 72 hours in the future or for a few more years in the future.
Financial exigency has a way of making the unthinkable thinkable.