You are not wrong in regards to the operating costs. I still consume local TV on Over the Air rabbit ears. It's free and quick. Much like FM Radio in the car. I know I can get it via streaming or an App, but for a quick weather hit or literally coming home and hitting a button to quickly get information on my flatscreen TV.
However, with home internet access pushing 95%, I think you are right with local stations essentially turning to streaming exclusively in the future, and advertisers will love all the metrics that come with it.
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