Local TV Is No Longer a Cash Cow
Baltimore Sun, April 3, 2008
By David Zurawik and Chris Kaltenbach
For decades, local TV stations in cities like Baltimore were cash cows for the companies that owned them. Even though one or two stations with the most popular anchors often came to dominate each market, everybody made money. Local TV was that surefire a business - even for last-place and poorly managed stations.
But not today.
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