Seems the local TV business isn’t as profitable as it used to be:

Sinclair Broadcast Group is planning to shut down local newscasts in several markets, including Milwaukee, Raleigh, Buffalo and Tampa. Several Sinclair affiliates will be impacted by the closure of the UPN and The WB networks. Some Sinclair stations might not join the new CW network.

What could possibly be the cause of scrapping of local TV news. It couldn’t possibly be the internet…