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Long is the list, on either side of the ledger, for-and-agin.  As we expect, the bullet list above is compelling.
In the big picture there, they've got a $20B pie and the question is whether the players will get a good fraction, or whether the owners will keep it all.  Generally speaking, we're in favor of the gladiators getting more and the plantation owners less.
As long as you got $10B sitting there, I'd just as soon the players get $5B of it rather than $1B of it.
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In the bigGEST picture, we have America's cultural fabric - how the current generation of youth is going to look at the world.  In the 1950's and 1960's, the youth weren't mesmerized by the rock-star, movie-star culture, as much as they are now.  
It goes to what youth expect out of life, and how much work they're willing to put into it.  The sense of entitlement grows, the minimum acceptable lifestyle spirals out of control, and there's nobody arguing that we can be content with simple food, housing, and clothing.  (Well, Dave Ramsey argues it.  After the youth are $80k in debt, they start thinking about eating at home...)
Each new message on TV drives us toward craving ever more of the bounty - a decent life making $40,000 per year, staying out of trouble, enjoying the simple things in life, becomes ever less popular.
As Marilyn Vos Savant said, "TV shows us people we'll never meet, never look like, and never be like."  :- )
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Of course, it's possible to be filthy rich AND well-adjusted.  Russell Wilson looks like he's going to be one of 'em.