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The SEC is reportedly planning on starting up its own TV network.
Conference realignment may or may not be happening this summer, but it will happen again.
The Pac-12 will not expand, so the Big 12 will live. Massive conference realignment is off the table for now.
According to reports, Texas was unsuccessful in trying to convince Oklahoma to give the Big 12 another chance. Texas is exploring its options, which includes the ACC.
New rumors came out about Texas A&M leaving the Big 12 for the SEC. They are likely unfounded.