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Radio Licenses Used to Be Worth Millions. Cumulus Just Gave One Back.
Radio licenses were once considered too valuable to surrender. Now Cumulus has handed the FCC license for 560 KZAC in San Francisco back to the government after the silent station failed to find a buyer.
In this audio edition of Archer’s Line, Rob Archer looks at the growing number of AM stations going dark, the collapse in station values, and why major radio owners are deciding that some signals cost more to operate than they are worth.
If this can happen to a full-market frequency in San Francisco, what does it say about the future of AM radio?
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The skinny
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