They were in the top tier in 2015. And if you look at MK, clusters allocate cluster revenue somewhat arbitrarily. I am familiar with a SD cluster where both FMs reported identical revenue to MK (it made the top biller look less like a target to others) while sales demo ratings were 3:1 for one of the stations.
Other analysts look at the reported cluster revenue and adjust the reality.
Yes, they are off, but an average of Q4 without the non-coms and without Holiday puts them in the top 10. And there is so much compression from 5th to 10th that there is really a statistical tie for 5th, particularly if rating, not share, are used.
Q4 2016 is hardly an isolated short period. They beat KKWF by a full share point in 25-54.
I suspect we have an Entercom seller among us.