I know your analysis is only home games, but overall the amount of P5 games scheduled seems like a pretty big indication of how the PAC themselves sees their own offering. It's almost like they know they're G5 already...
What is there to be scared of if you actually belong as a P5?
That's on top of 2020 when they cancelled games altogether for the most part, under the lecture "we believe in science" as though the rest of the country didn't. What says you're "scared" to be exposed more than playing 0 OOC games because of a condition that others seem to be able to make work (and get acclaim for doing)?
Let's also remember their P5 champion for the past 2 years hasn't won an OOC P5 game since 2019, and is 1-5 in that period against FBS programs not in the P5. Oh, and they threw a parade and continue to give themselves participation awards in the form of rose emojis for going to their CONTRACTED bowl game.
So it's almost like the PAC winner is acting like they know they're a G5 (even if verbally they're claiming to be a blueblood/elite).
The facts of not having many "needle moving" games for the PAC isn't so much an unfortunate circumstance for the media, but perhaps the desire of the PAC to hide their offering from being exposed as a fraud. The problem is, the market - with self interested players looking at their own money - is good at exposing frauds. In this case, potential media partners might be unwilling to pony up for a conference that doesn't have the...bravery to face P5 teams, and when it does, loses to them.