AUSTIN, Texas (AP) - The Associated Press has learned that the Big 12 Conference, which has lost Nebraska and Colorado in the last week, is close to moving forward with its 10 remaining schools.

A person with direct knowledge of discussions among the Big 12's remaining members said the University of Texas would be clear to set up its own TV network and keep all proceeds in exchange for remaining in the Big 12. The person, speaking on condition of anonymity because nothing has been finalized, stopped short of flatly predicting the league would survive, adding that details were still being worked out.

Texas is considered the key to the Big 12's survival after Nebraska (Big Ten) and Colorado (Pac-10) decided to leave over the next two years. The Pac-10 has courted Texas and other Big 12 South Division schools.

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