Some billionaire as in Mark Cuban?
The worst thing that can happen is someone with massive deep pockets throw some money into a cable sports venture that becomes something like ESPN. Ever heard of Fox Sports?
As for the Paul Pierce conspiracy, it's of course nonsense. As for Bill Plaschke, he always writes a bunch of bullplop that reflects his sweeping sentiments. We come to expect it every morning in the L.A. Times.
Say what you will about the Internet, but it's a fantastic outlet for sports. You can view sports clips and hear podcasts whenever you want and read/hear/watch wittier sports banter than you otherwise would on ESPN. Personally, I find surfing the Internet just as relaxing as watching TV.