105.9 has always had a very strong signal in both Cincinnati and Dayton metros - better than some "in town" signals such as 97.3 in Cincinnati and 101.5 in Dayton. With the right format they could be a player in a growing, soon to be metroplex. For the past two decades the population is increasing significantly in northern Cincinnati and southern Dayton as witnessed by new commercial businesses all over the place (Liberty Towne Center for example) and Monroe.
I first worked for Paul Braden in 1974. I think I have a pretty good sense of what the 105.9 signal can and cannot do.
In 16 years living in Springboro, I've yet to meet someone who aligns themselves with Cincinnati. I doubt if you can find anyone in Mason / West Chester who consider themselves a part of Dayton. But as I wrote above, I'm learning that there's quite a few people in the cities in between that quite happily consider themselves nothing more than Middletown or Lebanon.
Here's my take on the economics of it. Jeff Zeismann is taking on over 5M in debt buying 105.9. There's a limit on how much extra he can afford to additionally spend to develop and promote a new and very stand-alone FM in Cincinnati or Dayton. To reach both means even more. And if he has money to burn, great. Let him do whatever he wants.
But if he needs to eventually pay down that debt, he needs to sell a whole lot of spots and sell them fast. "Metroplex" or not, Dayton isn't Cincinnati and Cincinnati isn't Dayton. No one in either market is going to want to buy time knowing that half the reach of that spot is in a market that has no interest in the other. No matter how good the deal, if I'm looking for a Ford in Cinti, I'm not driving to Beau Townsend north of Dayton. I probably wouldn't consider that drive even if I'm in Middletown.
So, as I see it, you'll never make the money you need trying to be a Cincinnati AND Dayton radio station. And great signal or now, sitting where it is means there is very much a limit on how much 105.9 can ever expect to make should they choose to target one or the other.
So, you go with what you know. You let the corporate guys fight for the dollars in Dayton and Cincinnati and instead focus on the persons in between. Like you've ignored Cinti for the most part, and instead targeted the good people of northern KY. If you're a car dealer like Bob Pulte or Bill DeLord, a lower rate on a radio station hyper-targeting the people of Lebanon or Middletown makes better sense than a much higher rate with less possible return on iHeart Cincinnati or Cox Dayton.
Please, tell me where I'm wrong. Acknowledging that I might well be.