As I responded to your comment on other boards, Principle would not have a business issue with BTRN. The dispute was between the Henry's and BTRN, not Principle and BTRN. If BTRN really felt they wanted to be on Long Island from a strategic perspective, they would have reached out. BTRN missed the puchasing window for WLIE AND they backed out of the deal with TMO for other Long Island properties. Their desire to be on Long Island seemes to have passed (or they just can't afford it.)
Also, what little I can learn about the Principle properties is that they are owned by an investment company, and tend to focus and have expertise in ethnic and religious broadcasting. The Christian, Jewish and rumored Russian programming seem to fit their model, and investors tend to stick with a successful plan. It also may open up an appearance of conflict of interest for an investment company to have investment programming.