What's in Cumulus's best financial interest? Cancelling the license outright and eliminating one slice of the advertising pie in the market? Or selling the license to whoever might want to pay for a better dial position and getting whatever they can get for it? (If we assume it's a weaker/graveyard AM that's the buyer, that would probably also mean the removal of a competitor.)
If there were a buyer, they'd have sold it and taken the money sooner rather than later.
Again, I have two people in a position to know who say the license for 560 is getting turned in to the FCC.
Also, what is to be of 1050 KTCT ("KNBR 1050")? Isn't that also supposed to evaporate?
There's nothing firm on that. I brought it up when we were spitballing---saying that surrendering its license along with or sometime after 560's and selling 680/104.5 to the 49ers when the studios open at Levi's Stadium would leave a set of stations (810 and 107.7) that are already moving into the Bonneville Daly City studios that would fit within Bonneville's market cap.
Again, that last part was speculation in a part of this thread where that's what we were doing.