Zach said:
While it's true that the sidebands wipe out everything on either side of a channel on FM, there is not a single market I'm aware of where two stations' contours overlap when they're first adjacents.
There are a bunch between New York and Washington. Here are some examples:
WUSL 98.9 and WAWZ 99.1 - protected contours overlap between northeast Philly and Princeton. Practically all of Mercer County, NJ (the Trenton market) is in the interference zone.
http://www.fcc.gov/fcc-bin/FMTV-service-area?x=FM274154.html
http://www.fcc.gov/fcc-bin/FMTV-service-area?x=FM667957.html
WBEB 101.1 and WROZ 101.3 - overlap in an area several miles west of Coatesville, PA
http://www.fcc.gov/fcc-bin/FMTV-service-area?x=FM73954.html
http://www.fcc.gov/fcc-bin/FMTV-service-area?x=FM549669.html
WIOV 105.1 and WDAS-FM 105.3 - Almost all of Chester County, PA (one of the Philadelphia metro counties) is in the overlap area. West Chester, as shown on the FCC map, is the county seat.
http://www.fcc.gov/fcc-bin/FMTV-service-area?x=FM269148.html
http://www.fcc.gov/fcc-bin/FMTV-service-area?x=FM181766.html
WPRS 104.1 and WZFT 104.3 -- Lots of overlap in the densely populated area between Washington and Baltimore, near BWI
http://www.fcc.gov/fcc-bin/FMTV-service-area?x=FM1194957.html
http://www.fcc.gov/fcc-bin/FMTV-service-area?x=FM1290754.html
WHCN 105.9 and WBLI 106.1 -- Overlap in CT between Bridgeport and New Haven
http://www.fcc.gov/fcc-bin/FMTV-service-area?x=FM126364.html
http://www.fcc.gov/fcc-bin/FMTV-service-area?x=FM657080.html
Then you have the grandfathered stations, like KRTH and KATY that LO mentioned.
For another example, check WTSS 102.5 vs WLGZ 102.7. The WTSS protected contour almost reaches the WLGZ transmitter site on the west side of Rochester.
http://www.fcc.gov/fcc-bin/FMTV-service-area?x=FM591910.html
http://www.fcc.gov/fcc-bin/FMTV-service-area?x=FM228777.html
I could name several more, but you get the idea.