The BigXII does not have a conference network because they ran off very good programs. They are now reduced to politicing for Houston because the SEC is stealing their Texas stronghold.
Yea they make money but that has very little to do with them being smart. They could easily be making up the LHN 15 million a year with consistent BigXII playoffs and a network.
http://sports.usatoday.com/ncaa/finances/