If KFWB flips,that will be the fourth all sports station in LA. How small can you slice the pie? I can't imagine KFWB's .02 share will increase. WIP in Philly is a full time CBS Sports affiliate and they routinely get no higher than a .1 or a .2. Of course they are up against two FM signals. Surprising there is no FM Sports talker in LA. It's one of the few major markets without one.
Even if the 0.2 goes from being made up of 55+ to being made up of 25-54 men, KFWB's better off.
Again, if this is true, I think it's a blocking move. If KABC had followed up its Kings deal by going all-sports, KFWB would have had nowhere to go but Asian, and given that there hasn't been a sale in all these years, I'm guessing nobody in that game wants to pay what the trust wants for the station. This allows KFWB to survive and may force KABC to consider other options.
As for being the third or fourth station in a segment, it happens all the time. If your programming and your promotion is better than just one of the existing stations in the format, you force them out and you have a new life.