Citing an ongoing lawsuit by broadcasters against its streaming of their content, Locast has ceased operations effective immediately. The streaming service, which sought to provide cable cutters with streaming of local programming in a city near you, took donations to defray expenses. But broadcasters say that Locast does not have retransmission rights to put their content online. A judge agreed, saying that the streaming service violated copyright when they took donations and sought to expand their service with it.
But no matter the reason, Leo says that it was inevitable that broadcasters, and probably cable providers, would sue them out of business.
This is why we can't have nice things.