WSM is a very unique entity. I believe out-of-town folks value and appreciate the nostalgia of WSM much more than locals. I worked there during the rumor mill of WSM changing to sports, and the majority of calls we got against that move were from non-locals. The majority of locals that did call were over 50+ for sure. From a sales standpoint, that's difficult. National Brands like Cracker Barrell and Tennessee Pride advertise on the Opry because it pays off for them. But for many local business, it doesn't pay off because the majority of listeners are online, XM or out-of town. So from a sales standpoint, WSM is difficult to sell. But that doesn't mean it should die off.
From a format standpoint, it's also difficult. While Nashville is the home of country music, it's hard to believe they need so many country stations. And, if WSM is 4th, any normal radio owner would change formats. However, Gaylord has never invested in WSM the way that it should. That's not their focus, and they seem perfectly happy to break even at the end of each fiscal year as far as WSM is concerned. I believe the only reason they hold onto it is because they know that their dirty name would become even dirtier in the eye of most Nashvillians (even if they don't listen to WSM). And, they can't sell the AM without selling the Opry, and vice versa. The two MUST coincide together, otherwise the symbiotic relationship would cause both ventures to die off. The Opry cannot survive without WSM, and WSM cannot survive without the Opry.
As far as staff go, Gaylord ruined WSM by firing off so many good employees (and I don't even consider myself worthy of being lumped in with that group). Hairl Hensley, Cindy Wood, Ron Jordan, Jennifer Herron, Buddy Sadler, Jennifer Perry et.all, were a great crew of people who really cared about and invested in the station. Gaylord has trimmed WSM down to a bare bones budget and staff. They are doing well with what they have, but if Gaylord really wanted to invest in the station, they would build it back up a bit, and get rid of some of the folks that are currently there, who have no vested interest in the WSM brand and merely want their paycheck. (Keith and Eddy obviously not included).
I consider myself to be lucky that I had the priveledge of working there when I did, for as long as I did. But I definitely wouldn't want to go back. It's hard to work for a company that doesn't care. I certainly hope someone comes along and buys up both the Opry and WSM. I believe there's a market for it, and it belongs with someone who will treasure WSM as the national historic treasure that it is. Ratings or not, WSM deserves to stick around. But it deserves more than Gaylord is willing to give.