"It appears that the big corporations may be giving up on AM radio as a business for growth. There is a recent LA times article indicating that CBS plans to sell all of their radio properties in Los Angeles stating that they no longer see AM radio as a business growth vehicle. These big clear channel stations are going up for sale."
That was not a recent article, and is a well-documented happening - that happened already. Entercom owns them now, and WBBM is doing as well as they ever do.
AM radio as a whole, in my opinion, will be defunct within the next 15 years. Then again, I thought the same thing 15 years ago, and I was wrong. But it will eventually phase out, with the handful of successful stations (like WBBM and the Score) left on the AM band eventually/fully migrating to FM. FM will (sadly) most likely face the same point in the future. I don't see any format on the planet that can save AM, real or imagined.
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