Not always. Some entities own the land under the stick. Others (more common are leasing land or tower space) The land is getting so valuable under the sticks, it is now trending to just sell and the new owner has to line up the stick. The exceptions to this is the big companies. When CBS exited, Entercom got everything. Entercom promptly sold the land and diplexed the stick.
When EMF bought WPLJ in NYC they assumed the lease of the stick space and acquired the transmitter. -- Not a problem as this is an FM on a tall building.
WABC is buying out from Cumulus. The stick and land lease is reported to be the new owner.
It is sad that WAIT ended the way it did, but it went dark for a reason. I am certain NewsWeb owns the land and will profit nicely. --- AM is dying, the land is worth more.
Then you have WNTN suburban Boston. When the current owners bought it, they didn't get the land or equipment or transmitter or the web site. They had to diplex a new transmitter with another station and dropped from 10k power to 750 watts. -- This will be the new trend, especially on the AM band. You can lease a small space for an FM stick, not so for an AM stick as you need land and ground.
If WGN-AM is sold, I can ASSURE you, the new owner will not be paying a premium to have a stick on premium land that can be developed and worth a lot more. That is assuming Nexstar doesn't sell it first and diplex elsewhere, then selling the outlet. That would be most profitable. The next owner will cheap it all the way to blast out network clearance programming with more roaches and rodents than humans present in the building and stick site!
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