the issue that remains is that if 94.7's stick cannot move to Manhattan and become a full-market class B FM, what bigger operator would want it? Without the ability to access all those listeners east of the Hudson, it doesn't seem so attractive.
Looking quickly at the numbers, there are 15.6-million people in the NY Radio market, with 8-million in NYC, and depending on where you draw the lines, between five and six-million in North Jersey. That gives WFME a coverage area with more than 13-million people.
That is still a bigger population than any station in Radio Market-2, which is Los Angeles, and twice the population of Radio Market-4 which is San Francisco.
So while WFME from West Orange, might not have a perfect Empire State Building signal, it still reaches more people than most radio stations in the country and is therefore a valuable property. And there are probably quite a few potential buyers who are interested.
We have mostly discussed a potential ESPN bid, but there are likely many other radio broadcasters who would like a signal in the New York market. We know CBS and Clear Channel are maxed out, but Cumulus is not, and there are too many other companies to list which own stations in other big markets but not NYC that would be interested.
No doubt, WFME would be more valuable if it could transmit from NYC, but it's still probably worth a large fraction of that top number from West Orange. It's just missing the part of Long Island that is in the official NY Market.
No doubt that a number of organizations have had their consulting engineers and other consultants checking out all the possibilities for WFME. It's may not be perfect but it is still a rare jewel.
As far as Camping turning down a bid from a religious broadcaster, that kind of sale isn't very likely anyway, this is the kind of a license for a commercial broadcaster who has big plans and can pay big dollars. Religious broadcasters usually are outbid in these situations. Family Radio has already sold two major market stations, one in DC to CBS, and the other in Philly to Merlin, the WFME sale will be to a buyer on that kind of financial scale.
And as with everything I post here, it is all IMHO