So you can't hear it down by the ESB, but it doesn't do too badly in the rest of NYC, excepting the shadow of the buildings on the East Side of Manhattan. Still a very valuable stick.
Agreed that its still a valuable stick, but from a marketing perspective even more significant than the signal's "canyons of Manhattan" problems is the fact that WFME doesn't have a competitive signal in Nassau, or nearby Suffolk counties on Long Island like most of the transmitters on the ESB do. That leaves 2.5-million listeners that alone make up the 18-th radio market out of the sales price equation if the transmitter can't be moved.
No doubt, the license is most likely to go to one of radio ownership's Big Boys with very deep pockets, or to one of the newer startups that are backed by massively wealthy investment funds. For them, coming up with the money won't be a problem, but worry about overpaying for the property might.
ESPN has been rumored to be in the hunt for a NYC FM for years, and yet didn't buy 96.3 a couple of years back, and was apparently outbid for 101.9 by startup Merlin last year. Both of those sales involved multiple stations in complicated deals. ESPN probably didn't also want two FMs in Chicago with WQCD, and it didn't have a lower power NYC FM to to swap and avoid a big PR problem by allowing classical music WQXR to move up the dial. But it has missed the boat a couple of times, and there aren't that many NYC FMs likely to be sold in the coming years, so since this will be a long-term investment, ESPN may make a special effort to catch a boat this time. Whether that boat is WFME, or WBLS, remains to be seen. If ESPN does get one, The FAN will likely be on FM too just to keep the competition in sports talk radio, and that will make one less music format less competitive.