Interesting conversation in this thread. What might the future media landscape might look like if the relationships between the big 4 broadcast networks (ABC, CBS, Fox, NBC) and local OTA broadcasters were to break down? The big corporations that own the networks see the future, I think, in their own direct-to-consumer streaming platforms (Hulu, CBS All Access, etc.). One can imagine a future where the networks either break free of local OTA stations or they simply use those stations as mirrors of their free ad-supported streaming tier. (For instance, CBS is already exploring the idea of airing past seasons of CBS All Access original series like Star Trek: Discovery on CBS stations as a way to increase interest and subscribers in CBS All Access.) Hard to know how the economics of the industry will evolve, not to mention whatever Congress or the FCC might do to impact the current status quo.
But there will always be a need for local media -- news, weather, etc. reported by people who live in that location. Meanwhile, local newspapers are shutting down while major newspapers, such as NY Times and WSJ, venture into multimedia through websites, podcasts and video. Could the future be that cities have anywhere from one to four local media outlets, depending on size, with each doing a blend of video, audio and print reporting? And most of those outlets would be affiliated with a national news brand, such as CNN?