It's a lot easier to destroy something than it is to rebuild it. I'm hopeful for a positive and speedy rebound, but I'm not naive enough to believe it won't take months, if not years.
Of course and perhaps that's why previous management was so reluctant to do anything. You break it, you bought it. So that's what happened. I agree that it will take a long time, because they really have to build a new audience and give them a reason to listen.