But it looks like there is a more mundane explanation.
Most people don't look up at the sky all that often. When they do, often times they see planes, birds or stars. Most of the time they don't think a second time about it and go on with their lives. But when they look up expecting to see something all of a sudden whatever they are seeing becomes significant, interesting and possibly alien.
As interesting as first contact with alien life would be, I'm afraid that this is not it either. If it is, then those aliens are a bunch of jerks buzzing our cities and mocking us.
I'll leave it to the reader to determine if local news media should be focusing on more pressing matters, but in this case I'll hand it to WLWT. They had a UFO story and who did they contact? Dean Regas from the Cincinnati Observatory. Good choice.
I have to say that it does look odd coming from the ground. I'm guessing that it isn't a satellite as it appears to be moving much too fast and it appears way too bright in relation to the other objects. It looks to be the speed of a meteor, but like Dean says, it is coming from a very strange angle. I would say that a bottle rocket would surprise me as it is moving very straight and it seems quite high up. My thought is that it is something much close to the foreground than the video makes it out to be.
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