Its going to be awhile. As DVR, streaming television, on demand, Netflix, and Amazon all continue to provide commercial free entertainment, the market and necessity for live sports becomes more crucial. The winners are going to be the leagues (literally every single sports entity imaginable is claiming record TV contracts), the losers will be the cable networks (ESPN and their layoffs come to mind) who have to overpay for inventory, and the primary networks like Fox, NBC, and ABC who are not making as much on their traditional programming.
The only danger to college sports I could see is if cable bundles became a thing of the past and most people opt not to include a University of Texas network in their package.