Skai channel and copyright violation?

As I am writing this as I am watching the final of the Euro-basket of men under 18 between Greece and Serbia. I was very happy to see a live feed of the Greek TV Skai channel that broadcasted the final. But 10 minutes later, I thought: I wonder what the Spanish people who sold the broadcasting rights to Skai channel would think if they knew that Skai shows their broadcasting over the internet without IP-locking. I am pretty sure that they are unaware of Skai’s IP-unlocked live TV feed over the net. As much as I hate to say it, simply because I am much enjoying watching it as I am a Greek who lives abroad and has no other way of watching the final, this would be a copyright violation IMHO.

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