Stations: Same Financial Squeeze as Newspapers and Network News

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Today’s LA Times weighs in on the layoffs at the CBS stations, and the general malaise in the broadcast biz. 

The jettisoning of such experienced on-air talent exposed the weakening of the once-robust local station business, which historically has enjoyed some of the fattest profit margins in the media industry. It marked a dramatic shift from the days when television stations paid top dollar to attract big-name anchors such as Greene and Martin, who have been TV mainstays in Los Angeles for three decades.