The controlling bodies obviously cannot see any issue with it as they keep signing watertight contracts with Sky.
It was a Sky contract renewal that forced the end of 31. Even a weekly highlights show on FTA TV would be better than nothing.
The industry does control who films the events after all and I imagine owns the footage too and negotiates a contract for Sky to show it.
Considering the industry is allowed to put replays on its site after each event it should be allowed to package these through a production company for commercial TV.