Followed to it's logical conclusion (part2)
Ad skipping technology is also legal, even automated, so in a competitive market I expect at least one service provider to offer this at close to cost ($0). Therefore, once something is broadcast it is legally remarkably like it is in the Public Domain. Makes sense. If you give something away in public, why should you still own it? I as a member of the public did not agree to any license terms.
So with no advertising income, and no studio willing to give away any of their content the Free-To-Air TV is left with rubbish that no one wants to watch, infomercials, and stuff so full of product placements that it might as well be an infomercial. How does Free-To-Air survive? This hits both TV and Radio. Ouch, no new music on Radio ... that's going to sting. No dancing/music shows on TV either.
Oh btw, Australia does not have a full DMCA, so bypassing DRM to allow me to exercise my right to timeshift / formatshift is legal, as is Reverse Engineering to make it work with any new device.
So "new media" will only be available via channels where you have specifically agreed to the licensing terms, including waving your right to timeshift. Pay-TV, concerts, theatres. They *have* to wall their garden, and in doing so will leave a lot of people on the outside.