[Note: I have been editing this article for a while. It ended up sounding like the Sequel to my article above. This is yet another sad story about how rich people do whatever they want to get richer.]
See Fighting the Power Basically it's about investors spotting undervalued stations, buy them then improve the signal strength and rating, and sell quickly for profit.
One of these station is the Bay Area station 92.7. It was renamed to Power when it was bought. The investors pitched the ideal of creating a station for the local hip-hop community. That gave the local listeners high hopes. Unfortunately, their hopes were dashed when Power was sold quickly (and turned into a dance station after) Not only the listeners suffered, but also the ones who quit their previous radio station jobs to join Power for the ideal.
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