Jeremy, sleep is a good thing, especially as we get older. =)

If you would have asked me 6 months ago I would have never said this. Jeremy is right, lot of facilities are being allowed to fall apart. You will start seeing the major players selling off FM signals, part of them in a market or the whole cluster First in markets that are small or medium. It will continue to the larger markets, until they are 100% IP based. This will start escalating in frequency on FM. AM will be a rolling snowball.

iHeart I am certain will unload all the non rated or smaller markets first in a fire sale, if they want to survive as a company. Cumulus will not be far behind.

Z