In the summer of 2005, I spent almost the entire summer interning at the NBC affiliate in St. Louis. Ratings wise, it is the most watched local news in the country; but, inside the studio, you would never know it.
Producers and anchors weren't getting along; everyone in the newsroom seemed at odds with the news director, and it was all for a pretty simple reason. No one knews how to keep up with the new news and information era.
Reporters would get annoyed because, after working on a package for hours, maybe days, they would then have to figure out how to put it on the web. Even then, the web was really becoming more important than the actual news content for the television cast.
At the time, YouTube wasn't that popular, but already news directors across the country knew they were losing their audiences. It does seem that old people are the only people watching the news these days; but, it's not because of YouTube.
Sure, YouTube is part of ther problem but the site is used more for entertainment than news at this point. Of course, that could change and YouTube and other websites like it could soon become the one-stop shop for news.
Bloggers across the world are already talking about how the site is changing political campaigning. One blog, 11D, talks about how YouTube ruined one senator's bid for re-election by showing an off-colored comment he made when he thought no cameras were rolling. Now, that video is surfacing everywhere and you won't be seeing George Allen on any ballots any time soon.
YouTube definitely is a cool website with a lot of entertainment-filled content. It is quite possible that it could become some people's source for news. But local news was failing long before YouTube came along. TV news will need something revolutionary (and that doesn't mean bringing in Katie Couric) to catch the younger, hipper audience like myself.
I am not sure what you did when you edited, but the changes didn't get saved to eHub. I modified the offending text. I think it'll be okay now...