The poor woman's just taken over and, no sooner had she tried to mollify the City with cost cuts all over the place, than she was accused on the ‘Today' programme of "cultural rape" over plans to axe digital stations Planet Rock and The Jazz.
Perhaps the BBC should take on the burden? Seriously.
Anyway, the really bad news for Fru Hazlitt, GCap's new CEO, is that the market seems to be taking the view that, if DAB can't do it for commercial radio, what can?
Let's face it, it's the only new radio game in town.
Charles Allen, of potential bidder Global Radio (why do I think those words should be in inverted commas?) has said that he thinks DAB can work for big commercial radio operators.
Well he would say that, wouldn't he?
In the meantime, SMG should reveal the bids made for its Virgin Radio on Thursday, with Global and maybe GCap expected to bid.
The Telegraph also says an outfit called Absolute Radio (backed by Irish investors, didn't you know?) is also in the frame.
But GCap is certainly in a hole and I'm not sure it's pointing the spade in the right direction.
The plot thickens at Northern Rock
The Treasury has apparently told Virgin that it remains the private sector front runner (from two) for Northern Rock, but that it's going to need to offer more to its ultimate banker, the taxpayer.
Northern Rock's management has been told to go back and try again, quite why is unclear.
It's offering less equity than Virgin but has the backing of most of the shareholders (who will tie Virgin, and perhaps the government, up in court for months if their wishes are ignored).
And PM Gordon Brown is apparently warming to the idea of nationalisation anyway (quite why is unclear).
It's a shame that Liberal Treasury spokesman Vince Cable is no longer stand-in leader and there to bait Brown at Prime Minister's Questions later today.
Vince has said all along that the Rock should be nationalised. Well it would have made life simpler.
Crazy times in the markets
If ever anyone needed reminding, these are financial markets for professionals only.
The London FTSE 100 surged 202 points yesterday, on news that CPI inflation (the Bank of England's measure, not anyone else's, alas) had come in at 2.2% in January, not the 2.3% everyone expected.
Splitting hairs or what?
This came on hard on the heels of Monday figures, which sent the market into a tailspin, showing that factory prices and their determinant, raw material costs, were rising at the fastest level since, well, Alfred the Great probably.
These seemed a bit improbable at the time and the reason God allows us to have Tesco and Asda, and Homebase and B&Q, is that retailers sort out all this nonsense and tell the producers where to get off (it doesn't happen with energy unfortunately).
In fact, as usual, no one knows what the hell's going on.
Certainly not the government. The "top team" of Chancellor Alastair Darling and his mentor PM Gordon Brown seem to be finding banana skins all over the place.
At the moment these two couldn't organise a social event in a brewery.
They're up to their necks in Northern Rock of course, stuffed over increasing capital gains tax for small businesses to 18% and now they're backtracking over charging non-domiciles a flat rate £30,000 for the privilege of being here.
Now if this rate penalises un-rich professionals from overseas who just to want to work here, that's obviously a problem.
The aim was to nab the Abramovitchs and Mittals, and they've missed.
On Tuesday, the Dow Jones index of big US stocks rose 133 points, partly because General Motors "only" made a full year loss of $38.7bn, its third straight year of huge losses (much of it because of its unhappy involvement in down-market finance firm GMAC, but a loss is a loss for all that).
Other US auto shares like Ford and Chrysler rose in sympathy.
The shares rose because the market was expecting worse and is anticipating better.
Today, the FTSE 100 set off south at quite a speed in early trading, profit-taking on the back of yesterday's exuberance perhaps.
This was despite a solid performance this morning in Tokyo and Hong Kong.
As ever, Wall Street will provide the entertainment this afternoon. A nasty tumble could be on the cards.
Warren rides to the rescue - again
Legendary US investor Warren Buffet used to be the richest man in the world (he bought into Coca-Cola in the 1950s and left his money there).
He's since been overtaken by Bill Gates and, probably, that telecoms bloke in Mexico but, never one to bear a grudge, has given most of his fortune to Bill Gates' charitable foundation.
But back to now. Lots of "monoline" insurers in the States are in trouble.
These are the companies that insure the bond issues from pension funds and public authorities. Usually these bonds are a pretty safe bet, being invested in government stocks and blue chip companies.
But some of these bodies have been listening to the snake oil merchants and, in pursuit of a better turn, have invested unwisely in the sub-prime dodgy mortgages horror.
So the monoline insurers might have to pay up, which isn't part of the business plan at all.
If any of this lot goes bust then the banks, among others, really will be in trouble because, without insurance, their sub-prime bets will be almost impossible to re-finance.
Anyway, among other things, Warren's Berkshire Hathaway Company owns a big re-insurance operation and he's offered to underwrite $800bn of monoline deals (at a fair market rate, of course).
Which is another reason why the US stock market went up yesterday.
Stephen Foster is a former news editor of ±±¾©Èü³µpk10, former editor of Marketing Week and Evening Standard ad columnist. He is a partner in Editorial Partnership and writes the blog and Politics of the Media for Brand Republic.
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