If the college football honchos are so intent on teaching the school a lesson, why allow games to be nationally or regionally televised? Looking at the first three games of the upcoming season, Penn State will be on either ESPN or ABC (rest of the schedule hasn't been announced). From ESPN:
There was speculation the Big Ten might try to hit Penn State where it hurts the most: TV revenue and opportunities. The league could have taken away some Big Ten Network shares or kept the Nittany Lions off television in its nonconference games. The Big Ten Network reportedly paid each school about $7.2 million last fiscal year. But ultimately, [Big Ten commissioner Jim Delany said], the league felt the school was being punished enough by the NCAA sanctions (which included a $60 million fine) and the $13 million loss of bowl proceeds. "We thought, all things taken together, that what had been done was sufficient," Delany said, "and that TV and the playing of actual games, along with other privileges of membership, should not be affected."