As a former jock,music director,program director,chief engineer and minority investor since 1967,I have seen it all.
With the exception of one mom and pop operator that I worked for, the small operator was the best.
However that may have changed now as well.
In 1975,I worked for KPSA-FM in Sacramento and got my first taste of corporate radio and consultants.
The group was owned by Pacific Southwest Airlines and they couldn't wait to dump their holdings.
Oh well I survived 40 plus years in the biz,with a couple of side detours.