The management turnover continues at CBS. The Philadelphia Business Journal reports Jim Loftus accepted a buyout after David Yadgaroff was selected over him to replace Marc Rayfield in Philadelphia as market manager (CBS moved Rayfield to New York last month). Loftus was station manager at WOGL-FM and D.O.S. for the Philly cluster. The paper reports Loftus was offered market manager positions in Pittsburgh and Seattle but decided to take the buyout package that includes 59 weeks of salary.