Another market failure
This would be less of an issue if we had real competition among Cable/Sat and broadband providers but since the government has allowed this monopoly/duopoly situation to keep getting worse, the FCC should be given the authority and should use the authority for mandatory binding arbitration in these retransmission disputes. Consumer advocates, not just the major industry players should have a strong seat at that table. I would argue that majority or near majority power in that arbitration board should be consumer advocates or at the very least technical and economic experts without direct ties to the Content (broadcasters, studios, sports leagues), Cable, Phone, Sat industries. Perhaps they ought to just use a random jury system. It might not provide expertise, but at least you could count on a jury not being made up of industry shills like the FCC usually is.
Just pretend for the purposes of argument that I know what I am talking about. Actually, you don't need to pretend because I do know what I am talking about.