Local TV's Clear Shot at the Net

摘要

Owners of TV stations once had to try to mess up the business. Even by media standards, they posted truly ridiculous profit margins. (Try 40 percent and up.) Oh, sure, there was competition from cable, endless wrangling with the networks you did business with, and costly local news wars, fought with expensive gimmicks like news choppers. But still: While other media writhed from the changes wreaked by new entrants, local TV was a relatively undisturbed patch of the sandbox.