The temporary Boston home of Howie Carr and the station that turned down Rush Limbaugh four times has just been sold. The station was previously owned by Microsoft’s Paul Allen and was bought for around $10 million.
Out in California, Disney agreed to sell its Oakland California station for $600k. They bought the station in the 1990s for $6.25 million. AM radio stations are a worse investment than rare gold coins.
If Rush Limbo dropped market exclusivity, I wonder how many affiliates he would have. AM radio would become as much a monoculture as the sub 92 MHz FM band in the morning having 6 stations carrying Morning Edition