You appear to be confusing risks and issues - a risk is something that may impact your company, measured by likelyhood and impact; if it's highly likely, but with minimal/medium impact, it's usually survivable with appropriate mitigation.
An issue is something that is already negatively impacting your business; the fact that it is a risk, rather than an issue, shows that they don't believe it is a serious threat at this time - look at the other risks on their Annual Report.
They show the mitigation, but also state in the previous commentary
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Broadcast markets differ internationally. The key European markets are structurally different to the US, driven by the strength of free-to-air television, the level of pay penetration and the cost of pay. Therefore while lessons can be learnt from other countries, there can be no direct read-across.
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They would have to have this on their Strategic Risk Register, because if they didn't, the Industry Analysts (and probably their Auditors) would highlight the omission.
For example, we had a risk on our IT Risk Register about what would happen if we lost Mains Power and our Standby generator - the likelyhood was extremely low, but impact very high, so we had to have a mitigation plan in place, but we still had to have it on our High Level Risk Register.
I have to say I have more faith in their presumptions (based on their industry knowledge and experience) than your assumptions.