Management is core to every organization who is aiming at succeed whether or public organization to include media organization. The research therefore, examines the problems and prospects of media management in Nigeria with a case study of Osun State Broadcasting Corporation. Survey research method is adopted while 100 copies of questionnaire were administered to 100 respondents who were drawn using simple random sampling technique. Data collected were analysed using frequency and percentage method. It is safe to conclude that OSBC managerial approach to issues is effective, while management performance is very high. However, in adequate freedom, poor funding, infrastructural problem and ownership influence are some of the constraints to OSBC has the management team are appointed by the government and subjected to the whim and caprice of the government at the state. It is recommended that government should provide a conducive environment and infrastructural facilities that will allow effective media performance.