Reality check:
According to WPXI last night the combo sold for $9mil. That's pretty low for a full-market FM signal in a top-25 market.
WAMO was never a cash cow. If you recall, most of their time was spent on the huge 105.9 signal. Clear Channel gave them about $10 million to trade 105.9 for 106.7, which CC had bought from the old Beaver Falls owners. For a time they were barely listenable in the inner city until they were able to move 107.1 further east, which allowed the relocation of the 106.7 stick to Wexford. (During that time they actually pulled good numbers in Youngstown, that's what a rimshot 106.7 was when they took it).
Urban is a tough sell in this market. You have to remember that ratings do not always equal revenue.
I will absolutely guarantee you that no one will change formats in reaction to this, and no one will pick up the call letters (not on FM, anyway). I'd bet on Stevens and Ingram maybe grabbing them for 770 or something like that,if it happens at all.
You will likely hear a few more Urban titles on the B. Keith Clarke was an Urban/CHR programmer in Jacksonville, and it would distance them from Star and help both stations. CBS has a couple of very successful Churbans in Wild 98.7 in Tampa and 102 Jamz in Orlando, but I don't see them moving that far here. Kiss already plays more Urban stuff than the B, so you might not notice much of a difference there.
Star 100.7 will not flip to urban.
But it's really sad to see an iconic station like that go away.