"which 'other entity' do you suggest is going to buy it and why would another entity do better? "
Can you seriously not see how this business would instantaneously be more valuable under the ownership of some other corporate entity?
"I'm thinking this one has got to break out at some point with new management."
Based on precedence, as well as the maxim of "When even good-quality management come up against a poor-quality business, the poor-quality inevitably wins", the only thing new management will do is receive executive compensation while they try to buy some time until the inevitable end game happens.
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"which 'other entity' do you suggest is going to buy it and why...
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