Surprised this hasn't come up already.

Telstra and Optus are fighting over the rights to AFL & NRL games. Telstra paid millions to have the exclusive rights to air the games live over the net and to mobile phones.
Optus wins the case providing that they have a two second delay. And don't have to pay a single cent.

How does this effect other media, including professional photographers?
Does this mean that our copyright is only effective for two seconds?

Does this mean that if we post a good image on here, two seconds later someone can load that image on any other site, and get away with it.