homeTVstream is a collection of shell scripts and a PHP-based webpage for watching TV on your LAN computers.

It is based on VLC, it encodes and streams video using port 8080 in an MMS stream, so you can watch it with VLC, using URL mmsh://yourserverip:8080/, or any other MMS-capable player, using URL mms://yourserverip:8080/, or just by opening the TV page in your web browser.

So homeTVstream is just a webpage and some shell scripts to configure VLC to stream TV.

More info on the project page.