Sure. And in answering why let's look at some of the factors

Many of those factors are in the control of schools who choose to embrace them anyway. Key things I can think of are: 1) the increasing number of bodybag games 2) fungible entertainment experience 3) increasing television coverage 4) longer season with more games to spread out static in-person 5) regional expansion of conferences seeking teams with markets with little historical connection to conference brethren.

These are things that ND has largely embraced. And ND is reaping the consequences of those decisions. And one of the factors (increased TV coverage) is not relevant to explain ND's lost demand. ND should be in a better position to insulate itself from bigger industry concerns. But it has chosen to dumb down the schedule, overwhelm the schedule with ACC teams with little historical connection to ND and little fan interest, and make the experience a generic, fungible sporting experience.