Chief executives from some of the television industry’s top broadcast TV station groups participated in an NAB Show New York panel today about the state of the local broadcast industry.

The conversation dipped into the future of subscription, advertising and revenue streams on the local level, the impact of live sports as well as how station groups are beefing up regional programming efforts and local news.

A significant theme throughout the discussion was “how much power is too much power” for broadcast TV groups acquiring smaller companies or stations, and should there be a cap?

The conversation predictably turned to the Sinclair-Tribune debacle as an example.

Tribune officially terminated its $3.9 billion agreement with Sinclair Broadcast Group back in August, after roughly 15 months of Sinclair revising its local station divestiture plan in an effort to appease the federal government’s long-standing concerns.

“Based on a thorough review of the record, I have serious concerns about the Sinclair-Tribune transaction,” Federal Communications Commission chairman Ajit Pai said at the time.

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