Nick said:WBAI and WFME and many public radio stations survive on donations. Pulse 87 could also do that.
I wonder if I should sell my Mega Media shares and donate the profit to Pulse 87, or will that hurt the company more.
The difference: Those examples are non-commercial enterprises, and WFME probably operates less so on donations and moreso on the church footing the operating costs just to keep the signal presence there-for their 'mission'-whatever that is. There is an understanding that, yes, we ask for money, and these are tax-deductible donations because we are expected to operate with a nominal interest and a niche segment of the audience.
This is a commercial enterprise-such as it is-and it should just die if it cannot support an audience. Obviously, the .7-no matter what everyone else is doing in the market-doesn't cut the mustard.
So, I'm guessing these donations are not tax-deductible?