They were apparently posting a big loss. I am not sure if they were too “fat” despite ratings better than some FM “top guns”. Is it because these days to make money in radio you should have a network of stations for scale? Standalone radio stations are not as profitable anymore. For example a music director can cover several stations rather than just one. Or did 2CH just not manage the $$$ well. SEN is now a network, meaning they can potentially be profitable and scale. Is this why BOG can survive today, not because of 2SM in Sydney but the network itself? “Boutique” standalone stations don’t work today from a profitability point of view except if it was “number one” like 3AW and 2GB.