I don't see it as "manure spreading".Quoting David Field --"To be competitive today--you need great local radio, great digital, and great podcasting".
Who determines what is great? Some of these stations aren't generating revenue, ratings, or listener passion. Field continues to spread manure hoping that a crop will grow. "Hub Content" is just another empty talking point to impress investors...
In every market there is just one #1 in any demo. There is a finite number of rank positions that will get easier sales in each market. Anyone who owns multiple stations in the same market knows that they will share top positions with other owned or competitive stations and that some will be laggards but will be part of a cluster strategy.
When I owned 9 stations in one market back in the later 60's, I knew that for several of the signals I had to find formats that did not get ratings but which appealed to a small group that advertisers would want to reach. So some stations had sales appeal with no ratings or low ratings and others were pure numbers plays. They all made money.
BigA in another post hit on a key element of today's "radio" business... we have to have both over the air, streaming, websites and podcasts all combined to be relevant today. And the metrics are becoming more than just ratings. Look for that post: it is one of the most relevant and important thoughts I've seen here "in ages".