But ABC's downsizing is quite drastic, and for a former industry leader, their ability to cover a big event on radio is serious diminished. I heard a montage of their live 9/11 coverage the other day ...
As I said earlier in this thread, Top of the hour news is mainly an AM product. AM news radio has fallen dramatically in the last five years. ABC Radio News was built around the big ABC O&O radio stations. They sold them about 8 years ago, and the new owner dropped ABC Radio News at the beginning of this year. So when you lose all your major market stations, you have a much smaller budget. However, they still own lots of TV stations. In fact, ABC TV owns Channel 6 in Philadelphia, so they could have easily obtained coverage from WPVI, unless they needed a dedicated correspondent.
But the entire news business, including newspapers, magazines, TV, radio, and even NPR, is having a rough time because the audience doesn't want to pay for news, and really doesn't care if what they get is factual.