Locast — the nonprofit service that streamed local broadcast TV channels from a few dozen major markets — has shut down following summary judgment by a federal court. (That basically means the judge effectively said there’s no way you’re ever going to win this, and there’s absolutely no need for a trial to waste everyone’s time.)

Buying and Selling: How to Evaluate an LPTV Deal
Most LPTV owners have never had their station properly valued. A lot of us bought on a number that had more to do with what

