Looks like we're in the same hometown. I agree. While KLVB (99.5) does "OK" in the area, I can't imagine EMF not wanting a B1 or even class B station in Sacramento. I'm in the Rocklin, about a stone throw from the K-LOVE headquaters and 99.5 is good but not great.
I'm still of the mindset they'd pay big for 107.9 but I know that's not on the table yet. Knowing EMF, if they were able to aquire 107.9 or even 94.7, they'd flip it to K-LOVE, then use KLVB and KLRS (89.7) and any other translators hanging around for Air1.
This is only the beginning what Entercom is divesting to close the CBS Radio merger. David Field did mention that their divestitures may be swapped with other companies, so don't expect all their divestitures to be straight sales to non-commercial operators such as EMF.