Content is king, how you deliver them will change so free over the air TV may be dead but good contents will be delivered and CBS, NBC... will keep on making $. Come to think of it, the free spectrum given for free to over the air broadcasters are like currency/bitcoin... worth a lot of $$$ for free. Technology will find a way to exploit and profit from them. So, if I trade media, I am going long on broadcasters - hidden asset play.