Yeah well, cnymike, if you had been paying attention, Vic Vetters hasn't been the ND at WKTV in 3 years.
When Smith Broadcasting owner Bob Smith died in 2005, former WKTV GM Steve Merren became President of the company. With Merren running the entire chain, they moved Vetters up to GM... but most viewers probably didn't really notice since Vic continued to anchor the noon show.
This latest move, as noted in the O-D article I mentioned (and you quoted) says Vetters is basically going to be the GM of both stations. Not the News Director. Repeat, not the News Director -- like at WTVH and WBNG. It's not the same thing. A General Manager, for the most part, is concerned with the overall well-being of the station, mostly the financial side. GM's (the good ones, anyway) don't get obsessed with the finer details of the news department. Both stations still have their own, individual News Directors overseeing the day-to-day management of the news departments. That's the important part. (And that's what Granite is lacking by splitting an ND between Syracuse and Binghamton.)
Ironically, the GM outranks everyone else at a station, but the GM is the one manager who can really be the most "hands-off" from daily operations. It shouldn't hurt WKTV or the 2 Burlington stations to have Vic splitting his time between the two. A lot of things can also be handled through e-mail and teleconferencing... so it's not like he has to be making the trip back and forth every single week. It's kinda like how some larger broadcasting companies have "Regional VPs" who are based in one market, but oversee several.