RBRadioWaves said:
Call this insane, but I'll bite on what I think is going to happen to CBS this year.
I think that CBS will lure Mark and Karen from KOST 103.5, evict Jack from 93.1, swing the axe at the Wave and launch a new AC to tackle KOST. And on the station that remains between Jack and the Wave... KNX-FM! All news.
The only problems would involve K-Earth 101, which shares some overlap with AC stations.
KCBS-FM is the 5th highest biller in LA, so unless it is on a severe decline a change there is unlikely. The Wave is AC... it's an AC flavor, and can easily be nudged more mainstream if that was the goal.
Keep in mind that changing a format radically means losing nearly all of a station's billing, and starting from zero with big start-up costs and initial losses. It takes a major success to recoup the loss, and even then the cost of trading a lower performer for a better opportunity might not pay out in many years. That's likely why The Wave modified its smooth jazz format to an AC variety because they were able to preserve much of the revenue stream while they slightly lowered the median age of the listeners.
As to sharing, we have to recognize that in the PPM world the average listener uses 6 stations in a week's time. Taking the 25-54 on KRTH as an example, these stations, each, share a quarter or more of the cume: KOST, KBIG, KIIS, KCBS (FM) KAMP, KLOS, KPWR, KYSR, KSWD, KHHT and KLVE. In the next tier, from 15% of the KRTH cume to around 25% are KXOS, KRCD, KLAX, KXOL, KSCA, KROQ and KTWV.
The issue with KNX and all news is that the format has not performed well in LA for the better part of two decades. Many posts here have ventured opinions as to why news in LA... and news in the Sunbelt... does badly, but it would take quite a shake-up to justify putting it on FM. But then again, there is a put-talk-on-FM fever, so anything is possible.