In an interview with InsideRadio, WABC owner John Catsimatidis and Pres. Chad Lopez disclosed that the station gave up 2.7 million dollars annual revenue when they stopped leasing programming over the weekend. Cats said, "“We got rid of all the lawyers, accountants, financial advisors… all the con artists,”
The article mentioned that improving the product and increasing the size of the audience is the current priority, rather than maximizing revenue. The owner said that "The money will follow."
From InsideRadio