There is next to no chance. Look & think. They were bidding for WLUP and lost a 21 million dollar bid to a company that airs no commercials for revenue???? They have no financial backing. They are in Bankruptcy. There is no way they can bid and win for WKQX.
The link below I laid out a short 3 sentence paragraph, what I believe will happen next if they can't secure 101.1 - they will exit the market.