When local news outlets shutter due to corporate greed, bottom line hacking and reneging....There, fixed the headline for you.

A pivotal part of the social contract when radio and television licences were issued was that, as part of the consideration for being allowed to use the public airwaves,  they would provide local news coverage.  Now they whine that local news doesn't make money so they should be allowed to abandon that part of the deal.  Welching scheisters.

Canadian Pacific Railway pulled the same stunt.  They were given millions of acres of free land as an inducement to build and operate the transcontinental railway.  They kept the land (Marathon Realty et al.) and began dumping local railway service.