For several years now, there’s been a growing tension between broadcasters, online radio services, and the music industry over the issue of royalties. Current law requires streaming media services to pay performance royalties on the music they stream, while historically broadcasters have been exempt from these fees (everyone pays royalties to songwriters and publishers).
More evidence that the market in FM translator stations is maturing quickly.
Saga Communications, a radio conglomerate that specializes in mid-market acquisitions, owns 91 stations across the country. Of these, some three dozen are FM translators: second-class radio stations limited to a power of 250 watts or less that rebroadcast the signals of other stations.
Saga is an aggressive player in the practice of using FM-HD Radio signals to feed programming to analog translators. Since very few people actually listen to HD Radio, these mini-signals appear to be "new" stations, though in most cases they’re completely canned programming of a format that wouldn’t otherwise be profitable on a real full-power FM station.