I'm sorry, I don't understand your point. What you've posted doesn't discount there's value in the product. If there was no value, Dish would pay exactly that... nothing. MVPDs feel they need certain channels in order to be competitive. Does that mean they're willing to pay $25/channel/subscriber? Of course not. Does that mean they're willing to pay $5/subscriber for a local? No. But they are willing to pay whatever they're paying now.