re: The Big 12 is in better condition than we think

Bitch, I'm an MBA. I fully understand the difference between false markets and consumer demand. There was never any demand for conference networks. It's nothing more than a PR campaign by conference commissioners in the war of college athletics. There was NEVER any demand for that. Ever. People don't come home at night and sit around watching college sports replays from years ago on a conference network. Period. They watch HGTV. They watch America has Talent. They don't sit around watching college sports networks.
Your network 'success' is from bundling alone. Period. In the dying industry of cable television where people have to pay for networks they don't even watch, that is where your network thrives. That is also where it will die, just like the LHN recently has.