In 1921, Baseball Considered Banning Radio Broadcasts
Saturday, April 11, 2015 - 11:50
in Mathematics & Economics
In December 2011, when the Los Angeles Angels of Anaheim and Texas Rangers signed away their local television rights for about $3 billion apiece, the sport media heralded a new record for local television rights fees. Accounting for roughly 43 percent of MLB’s $8 billion haul in 2014, media revenues have made the players rich and the owners even richer.Today, the idea that a team would ban its games from being broadcast is unthinkable, so ingrained are TV and radio contracts in the marketing and business practices of the sport. read more