My impression was that the coalition protesting CC's Dublin move were counting WLW towards the market cap, in arguiing that MRN will push the cluster over the market limit.
Under the new rules, it is the Arbitron makret area, not contour overlap, that deterines the size of the market, the number of stations that can be in a cluster, as well as the number of stations that count towards these cluster limits.
Knox county is not part of the metro, so unless QIO appeared in the Columbus book with a significant share the ownership of QIO would not count towards CC's market cap in the Columbus market. However, WLW does show, albeit with a .8 12+.
My vague memory, however, is that QIO's sale price is less than the purchase price? I wonder if ownership of QIO affects plans for some other market?
Also wonder if CC will hang on to the 98.3 in northern Knox county--Fredericktown I think the COL is. For a while, this station simulcast with the Loudonville station, don't know what it is doing now.