Deiter: suppose I'm the owner of an AM "24 hour news" radio station.  Well, that's one market.  I apply for an FM license, and give listeners "Remember When" 1960s psychedelic rock or some-such music format. How does this decision diminish what many listeners perceive to be the market's best news coverage on radio, hmm?

Your theory is just that...a misguided theory.  

Another theory: "it is the content that counts."  No it doesn't.  My award-winning "all news" radio station can't make enough bucks.  It's not because its reporters and the New Director aren't busting their a***es every day, pinning down the "newsmakers." covering stories first and factually.

Too much competition.  You--like everyone else--gets "news" anytime, anywhere. You know, "real news" (Trump) versus home-town news.  THAT is why advertisers aren't running ads on my news station.  And--given spotify, apple tunes--why they may not support my music station, either. 

Get real or get gone.