This free TV app could disrupt revenue for the big networks

When Yahoo Finance invited us to talk about Locast, we expected some good questions but never thought it would be this much fun. They were interested in a non-profit streaming local broadcast signals over the Internet. Once our chairman, David Goodfriend, explained why Locast is legal, the questions quickly turned to how Locast works and how we pay our bills. It’s like public broadcasting, said Goodfriend, we ask for contributions. Financial reporters are not used to someone saying… we really don’t want to make a profit!

Watch the video on Yahoo Finance. <Click Here>