Stepping back and looking at the entire picture when it comes to the PAC Network I've got two thoughts.
One, the PAC is a victim, so to speak, of FOX trying to keep up with the "Mothership." After seeing the deal with the Longhorn network and the successful launch of the SEC Network they jumped on FOX's bandwagon too quickly. The idea that each school should have its own channel seems logical (based on LH network) but foolish when you consider comparing a school like Oregon State, Arizona, et. al, to the size of the Texas fan base.
And two, you have to give a hat tip to the ACC. They sat back and watched what has worked and what hasn't and they are patterning their network off of the model the SEC Network employed.