You know where I stand on this , but yeah, this is really the result of YEARS of under investment and awful, awful, awful management decisions. This is a station that is shooting on surplus DVCPRO cameras from the 1996 Olympics (seriously) and editing tape-to-tape. The switcher is older than half of the on-air staff there can barely key the chroma key wall (OTS and 2-boxes? Those features died off a while ago). None of this is hyperbole, by the way. It's sort of a miracle that they're able to put out six hours of news a day.
In spite of the challenges faced, it does serve a nice little niche and is very much so part of the community. Folks still call it TV40 even though they haven't gone by that since the mid-90s, I think.
There's an article floating around putting the date of the sale about 18 months from now, but I wouldn't be surprised if the place is gone in less time. Their contract with NBC is up before then, and considering they share a market with an O&O...do the math.
The shame of it is that there are some really talented and hard working people there that do the best they can with what little they have. A lot of really talented people have come from there, at least three of which frequent(ed) this board. Yeah, the place is a shithole that pays terribly but 64 people are out of the job. And there's a lot of wood paneling in that place that's going to go unloved.