In a sense, yes, but they have taken a gigantic PR hit from this, and are rightly seen as money grubbing, self interested a-holes who are a cancer to any conference they are in. And while they aren't "on the hook" as far as risk goes, they don't really see the big pay day until ESPiN recoups it's costs. So uterus dioes need the LHN to be successful to see any real $$ out of the deal. In other words, UT is not getting first dollar revenue out of this contract.
Ok, so maybe this is the part that I'm missing... what happens if/when ESPN recovers the initial investment?