LTNman, correct me if I'm wrong, however I was under the impression that easyjet pulled out of EMA due to only having 2xaircraft stationed there (they tend to base at least three aircraft), and increased competition from FR, WW and Jet2.
Easyjet currently have the run of SEN, it has been rumoured that they got a very good deal to operate from there, and that the contract is a long term one being 10 years..
Stobart and easyjet's ideas of success may be different from your own.