My understanding is that the networks have ceased "network compensation" and for the most (maybe all) part are no longer paying stations to broadcast the network programming. In some (many?) cases the stations are now paying the network "reverse compensation" which will vary by network, and by content (e.g. Sports rights) the indirect split of revenue with local stations is by structuring the programming with holes for local commercial insertions..... and the networks may well still need to make those opportunities available to the MSOs. As you mentioned, the networks would receive the full amount of "retransmission consent" (or equivalent) from the cable/satellite (MSO) groups. Alternative: Stations are required to make one signal available to viewers at no charge. The "network" programming could become a secondary service, which could be encrypted and use conditional access on a subscription basis. O-T-A viewers would need a TV set that can be addressed (another box?) which might be interesting. The retro-TV services, or Live Well, could be the free content. I am a cord cutter, so right now, the networks do not receive any subscription fee for my viewing, since I am in-eligible to participate in Nielsen ratings, they can't even count my eyeballs. ________________________________ From: Craig Birkmaier <craig@xxxxxxxxx> 1. Total control over advertising content - no revenue splits with local broadcast affiliates. 2. Total control of subscriber fees - no revenue splits with local affiliates.