I am not going to attempt to state what Local Management is or isn't doing over there. I know, personally, how Local Management WAS when I was working there. There were many good things about Local Management but there were also many bad things about Local Management. However, I believe that Townsquare is and has always been run by Corporate Jagofff's. Yes, I fully understand that is a juvenile statement to make. However, it is what it is. From day one, the GAP/Townsquare peeps never had their crap together. It came across as a bunch of so-called radio people who wandered into a large sum of cash and wanted to play like they were CC or CBS etc... It's like people seeing others buying and flipping houses... making tons of cash... so they do the same thing... thinking that it's going to be the same way for them... and when it comes down to it... they know nothing about flipping a house. So, after they have bought some decent real estate, screwed it up with their lack of knowledge, they then have to do what they can to get their money back.
I foresee Townsquare going away, selling off their broken and damaged clusters to some other Company.
However, this is just MY opinion.
Well, when it comes to admitting that you are wrong... I simply have too. It seems, that they are not going away, as stated. So, if you needed proof that I know nothing about radio... there's your proof.