Deep Doo Doo

I think I just found out why WBLS in New York hasn't technically named Wendy's replacement.

Taken from the New York Times:

"Inner City Broadcasting, which owns 17 commercial stations nationwide and was co-founded in 1971 by Mr. Sutton, faces a possible financial collapse because of pressure by Goldman Sachs and GE Capital to repay nearly $230 million in debt, Pierre Sutton, his son, said in an interview Wednesday."

read the rest, HERE.

This, my friends, is what we call deep doo-doo. Their azzes are crying broke. I guess it would defy logic to hire someone capable of improving the ratings in afternoons, huh? Traditionally speaking, great ratings equate to great revenue. New York radio is hopeless. It really is.