[TheZMan]

Lots of places “going under” after such a short downtime. Really shows the mentality of the various owners. No rainy day fund, no plan B, no fallback, nothing. Just close the doors.

[Alberta's Child]

I think Nick is right. WFAN went through a downsizing/contraction a while back. They forced Mike Francesa into retirement, then brought him back out on a limited schedule when the ratings for his replacements weren't very good.

I believe a lot of this is the aftermath of a huge over-leveraging in the industry a few years ago, when the corporate radio giants like iHeartRadio and Cumulus were in bankruptcy after borrowing tons of money to expand their networks by buying up local stations. That was right around the time Don Imus retired rather than have his large contract reduced in a bankruptcy proceeding.