Local TV: Where is the business model?

From CNET:

"Is there a place in this direct-to-consumers business model for local TV stations?

"It's a question of leverage," said Doug Wills, a former spokesman for the NAB, who is now a marketing executive for Redback Networks, which offers video-centric routers. "Virtually all the networks have announced broadband offerings in the last year. There is no question that within 10 years people will be getting high-quality video from the Web. The temptation is probably there for the networks to ask their partners to pony up more money."

Calls to CBS, ABC and NBC were not returned Monday."