This struggle is a generational one. Older people are used to their TVs, radios and newspapers and seem as a group unwilling to transition. Institutions on the wrong side of this fight like cable companies and cable TV stations, radio stations, movie theaters, local news TV networks and local newspapers haven't made it easy for them. Younger people on the other hand don't even bother.
And that's how you can see the writing on the wall for these obviously legacy businesses. By being unwilling to fully commit to the future, because they'll make less money, they'll upset existing relationships, they'll die. Blockbuster died a quick death. The transition from video rentals to online video was sudden and quick, because Blockbuster didn't control the content and couldn't lock in viewers. This kind of end will come for all these other places too though as younger generations have different expectations. They want their content on demand, and they want it on any of their devices and they want it without having to subscribe to expensive bundles of junk they'll never consume.
The problem for how to provide the same high quality local content that these legacy businesses can sometimes provide is a real problem that hasn't been addressed yet. AOL's patch was a very innovative and high quality way but it lacked adoption and was unsuccessful. I think we may have to see the old guards die and endure a short period without high quality local content before it can rise again.