Not to sound rude, but you had not worked at WNNN for many years before they were sold, so you really do not know what their financial stituation was.
My assumptions on the financial state of the station was due to the poor mouthing and penny pinching the station did. Mrs. Jennings had a policy of "if they pay their show plays". Which sounds reasonable enough, but when I was there on Sunday mornings, there as a preacher from NYC, who was a screamer. He must have used a $20.00 portable cassette recorder that he must have thrown into the pulpit to record his sermon. As a result, of his recording techniques and possibly poor equipment used, and his excessive screaming and yelling, etc, his entire 30 minute show was essentially distortion. I could not tell you what he was saying as it distorted so badly. He may have been saying the 7 words you couldn't (at that time) say on the air, I don't know, because I truly could not decifer anything he said. I knew the show ended when the distortion stopped. One week it was so bad, that I dumped the show after 10 minutes into it and aired music simply saying that due to technical problems with the program, it would not be aired today, tune in next week, etc. I had left a note for Mrs. Jennings with the cassette about the lack listenability, and made the appropriate entry into the log, etc. She was there at the station the following week, to tell me that she didn't care whether the tape was of broadcast quality or not, if they paid, they got played. She was very nice about it, and I remembering saying, we are a Christian station bringing God's word to people, shouldn't we have a standard that the programs should meet so that God's radio is at least of the quality of the "worlds" radio. She said, I understand your point, but this is a business and we pay our bills with these programs. So if they pay, they play, understand? I said yes. From that week on, I aired the show and would turn down the monitor and simply watch the clock and needle on the board. If the needle was moving and the time had not run out, I knew the show was on. As I wasn't in management, I didn't get to see their financial books, but things like that lead me to the conclusion that things weren't going well financially. The fact that as a Christian station she would carry sports to generate spot revenue which would pre-empt music programming, etc, seemed to me to be another indicator that the cash wasn't flowing as well as she and her partners wanted. WNNN-FM never made the switch from monaural to stereo, probably due to the cost. So WNNN-FM was the only FM station in the Wilmington /Philly area that broadcast 100% of the time in mono. So the station made have been flushed with cash, but based how they acted and talked, they seemed like they were on borrowed time. I've worked in other small market stations and didn't get that sense that things were as tight as they were at WNNN. So maybe they hit the jackpot, after I left, and truly were in the black financially when they sold the station. Only Tony Q would be able to truly answer that question.
Another memory from my days at WNNN. They had both turntables and CDs. They had a fantastic record library dating back to the early 70's that I mixed into my rotation during my show giving folk the opportunity to hear the some CCM gold as well as the Top 40. I was the only DJ there, other than the PD, who had access to the turntable needles, because the young DJ's couldn't get the knack of cueing up a record and would destroy the needles, so they were kept locked up for my show and the PD's use.