Why Not Sell the Station Instead of Talk?
> True, but with the debt these companies have, they could
> SELL the station to an outfit of lesser intelligence and
> bring in that amount in cash.
But that misses the GREATER point.
Clear Channel wants to own X-number of stations in any particular market... and it just happens that not all of the "X" can be high performers like talk WTAM here.
So, they have to figure out what format works on those stations, and on the FMs, it can mean a rotation from hot AC to smooth jazz to a country flanker. And it usually doesn't work like they expected, so they change format again.
Selling the station solves nothing. The incremental costs for that 5th or 6th lower rated FM are not much, since the cluster already exists and is already serving 4 or 5 other stations. They don't need a 5th or 6th set of managers, aside from maybe a PD (if he or she isn't already programming other stations in the cluster). The only costs are basically the electric bill and whatever they're paying on-air people for the station - which can be virtually nothing if it employs a lot of voicetracking.
Welcome to today's radio!
In this environment, it clearly (so to speak

makes sense for Clear Channel to flip a smooth jazz station in Minneapolis to a "mainstream" talker...especially with the likely key to the whole thing, getting the rights to Rush and later, Hannity, from KSTP. CC only has one decent full signal AM in the market, but it's already successful as sports KFAN, so they get the FM talker.
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