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It'd be a while.
Both OU & Texas TV rights are tied up until 2024-25, even if they left tomorrow they go without their media rights until then.
As this popped up earlier it hit me that, really, it's probably just a matter of time until teams in the new semi-pro (and I'm being generous) "college" football leagues start relocating their brands to better media markets. Miss State could be based in Jackson instead of Starkvegas and so forth.
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"I lit another cigarette. Unless I specifically inform you to the contrary, I am always lighting another cigarette." - from a novel by Martin Amis
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