radioguy39nj said:
Talk_Dude said:
It would seem that owners of AM talk stations have two choices. Move their talk progamming to FM, or wait until a competitor comes along and starts an FM talk station in their market and eats their lunch.
The top 3 markets of NY, LA and Chicago have not yet had an AM talk station move to FM, or had a competitor come in and start one on FM. The 50 kW AMs in those markets reach out far and wide from their COLs. Will that prevent talk from ever migrating to FM in the top 3 markets?
Before WSB in Atlanta took an FM and put their News/Talk AM content on there, they had TWO viable frequencies with excellent market value if they chose to sell either one. The day they duplicated the AM content over to FM, they in essence turned one of those two properties into a tail being wagged by the big dog.
Only time will tell who is the dog, and who is the tail.
Since a 50kW AM in a top three market is probably worth considerably more than an AM in Atlanta, you can quickly see where the owners are not eager to take their very, very valuable stations and gamble with changes, maybe turn them into something no more significant that a tail that wags.
AMs in the top three markets may have something going for them. These three markets are the location of the heavy-duty agencies that direct a lot of ad dollars. These big-time AM stations likely have some fans among the buyers in these agencies and they can let their emotions tell them that in spite of what we read in the trades, THESE stations are still viable.
If you own a 50kW in Oklahoma City or Montana or South Carolina, you may have trouble finding a buyer in an agency in the big three markets that even knows where your state is, much less be able to convince them you have an AM that has exceptional value, in spite of what the trends are telling the buyer.
If you own an AM station in any other size market, don't bet the family farm on "since the AMs are surviving in NYC, LA and Chicago, I can also.