What’s the most impressive baseball statistic so far this decade? Try this one on for size: Since 2010, Major League Baseball and its franchises have struck deals with cable television networks worth $28.4 billion.
To put that in perspective, that’s more than the total market capitalization of Time Warner Cable ($27.9 billion), and more than the net worth of Michael Bloomberg ($27 billion), the 12th-richest man on the planet, according to Forbes.
Baseball’s cable gold rush began in 2010, when the Texas Rangers signed a 20-year, $1.7 billion extension with Fox Sports Southwest. Since then, TV money started flying into ballparks faster than home run balls flew out of them. To wit:no comments