Stu...I believe you're on the mark. National may be off 20%. Local will be slightly less than flat UNLESS you put in extra hours and really put together some great ideas, not just sell spots. The thinkers will come out richer and smelling like a rose, the "buy me 'cause I'm #1 and you always bought me in the past" is gonna be looking for new excuses to sell to their managers.
I know the stock market is through the roof. That doesn't mean local businesses think the economy's great. You're gonna hafta work to get them to spend more.
Also, I'm afraid the stock markets are due for a "correction" of about 500 points. EI: Ford and GM are in trouble. What's that old saying, when GM sneezes, Wall Street catches a cold.