Biggz, your situation is well thought out and could work, but it's major flaw is that it's far too idealistic. Generating interest in hockey within the dead markets is easier said the done and the only thing for it is to have the team start winning games. If it's a team that is consistently unprofitable and unable to win games in order to create interest, they need to be cut.
It doesn't have to be the new franchises either. Look at teams like Washington and Pittsburgh, both of which are unprofitable and cannot draw a crowd in their respective markets. These are the teams that need to be cut, should cuts be decided upon as necessary. Cutting a franchise out is never a good decision to be made, but sometimes, for the good of the league, it has to happen.