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Why does Austin have 2 top 40 stations?

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The beat ATX 102.3 and KissFM 96.7 have the same playlist. Why?? I remembered a while back the beat (was on 105.9) played some pretty good hip hop. Now its almost the same as 96.7.??
 
I've thought the same thing for years, Clear Channel should erase one of them and let a competitor start a good top 40 for once. But since they both make good money, I doubt that will happen.
 
It's a waste of a perfectly good signal. It's to bad no one is brave enough to launch a REAL hip hop station around here.
 
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