newsmark said:
I pulled up Disney's annual report the other day. In 2012, their cable networks, including the ESPN group, made more money from subscriber fees ($9.4 billion in 2012) than from advertising ($7.7 billion). They're not gonna give that up.
They give a good portion of that to all the leagues and conferences that they have rights to. It doesn't just go into shareholders' wallets.
The only way that changes is for all the networks to say to the various commissioners, after the current deals have expired: "You're taking 25% of what we've given you and you're going to like it. Disney, CBS Corporation, Comcast, Fox, and Time-Warner are all united on this - your extortion days are over." Then, after the collusion lawsuits have all been settled, Congress has gotten involved, and the leagues/conferences have all declared bankruptcy and reorganized, things will begin to settle down.
The chances of that happening are less than zero.