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100 years is a pretty good run, and it was a well needed and well deserved media service. By today’s standards and practices it became obsolete, which is also well deserved. Keep the bands and airwaves in storage just in case we need them again.
Podcasts are not a valid replacement for newscasts. The former is typically a source for opinions. The later are (and should be) based on facts (who, what, where, when, why). Anyone who thinks they are better informed by a podcast about what is happening in the world today would be sadly mistaken.
Obviously, it stopped being profitable. Really the only opinion that counts in business.
So says the Newsmax and FOX News viewer lol.