Oregon's beat writer, James Crepea, just tweeted that "Multiple Pac-12 ADs told me this winter/spring streaming only was not acceptable."
I think Stewart Mandel said it best, "Larry Scott sold the schools on the Pac-12 Network based on how much revenue they could hit based on low/medium/high subscriber projections. It turned out to be below low. Hard to imagine the schools making another risky bet on a newish platform."
I think the SEC can get away with pioneering something like this, maybe the Big Ten. I don't see it working for the Pac.