You are correct, but unlike Entercom, they have no other siganls to duplex off of. I imagine if they really wanted to, they could reach an agreement with some other AM station in town.
I should have been more clear, by assets I mean their license and anything that goes with the station. If they sold WGN-AM, the land and transmitter would most certainly not go with it. Most of the time, the studios and equipment are not part of the deal. The value of AM stations these days are usually revenue x 2 years and assets/cash on hand minus expenses. The AM signals are SUPER devalued compared to the past, much worse than FM signals.
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