As we know, that is not true at all. While you aren't going to risk being laid off during a period of low ratings, there are equal (and much worse) challenges that owners face. I can see pluses and minuses to both sides. Specifically, an employee might risk losing their job in the media business, but they are not going to lose their entire business if the station were to fail. Instead, they can just walk away and find a new opportunity. Likewise, ownership has some advantages, but there is significant financial investment and risk that the average joe cannot even imagine.