lipitor precio colombia cali calan ovulos precio en argentina fincar crema precio en ecuador aceon edigen precio proventil en pastillas precio venta de pastillas citalopram en madrid precio de decadron en mexico glucophage 200 precio venta de cymbalta en mano madrid micronase 500 ovulos precio toradol panama venta pletal et de venta libre en colombia precio de las pastillas hyaluronic acid en colombia venta de prevacid generico en mexico abilify precio ensenada dostinex respimat spray precio toradol venta en chihuahua dostinex que precio tiene precio de depo eldepryl en chile precio del ginette 35 en mexico 2014 precio flagyl er pastillas venezuela venta arcoxia barrancabermeja que precio tiene las pastillas imitrex en colombia precio de pastillas depakote en monterrey stromectol generico precio en farmacias venta de aricept en peru precio de la atorlip en mexico que precio tiene el kemadrin en farmacias del ahorro venta de amantadine sin receta buenos aires lady era precio farmacia en españa que precio tienen las pastillas noroxin precio de depo prinivil en peru nizoral precio argentina 2012 xenical venta en maracay estado aragua tadacip nicaragua venta precio de tetracycline antialergico medrol venta venezuela caracas que precio tienen las pastillas omnicef en venezuela precio caja remeron shuddha guggulu precio 2012 nizoral precio barranquilla deltasone de venta en farmacias del ahorro donde comprar avalide es venta libre precio sinemet farmacia ahorro albendazole en spray precio venta de combivent en peru myambutol precio farmacia del ahorro posologia de apcalis sx tabletas citalopram buen precio levothroid venta en peru precio lukol en farmacias españolas cual es el precio de suprax en peru pastillas propranolol de venta en quito venta de pastillas aleve en cartagena venta de remeron en duitama cephalexin precio en ecuador bactroban colombia venta epivir hbv mejor precio venta de calcium carbonate en trujillo venezuela atorlip precio el salvador glycomet semanal precio lugares de venta de diabecon en el salvador es prohibida la venta de trazodone en nicaragua precio prinivil chile retin a de venta en mexico venta trental df 2012 clonidine precio colombiano comprar zyloprim generico online barato venta de pastillas ventolin en valencia venta libre de xeloda en argentina eyaculación precoz pastillas nizagara precio venta de urispas en venezuela 2012 venta de dostinex en puerto vallarta el precio del finpecia en argentina venta benadryl ensenada gabapentina speman precio venta de lamictal en concepcion 2012 venta diclofenac gel ecuador dutas tabletas reacciones secundarias precio de elavil en puebla venta de pastillas precose en guatemala venta sildalis en santiago de chile venta de lynoral en sogamoso plavix urgentes que requieren orden de fiscal para que sirven las tabletas effexor xr evecare renacidin precio zyrtec dm compuesto jarabe precio zoloft venezuela venta precio de pastilla crestor en venezuela ginette 35 tabletas embarazo venta sarafem tunja venta differin tunja lipotrexate precio 2012 df precio del clozaril en argentina 2011 lincocin generico mejor precio venta liponexol sinaloa zyloprim cucuta precio depo procardia inyectable precio que precio tiene vermox en guatemala costo de la neurontin precio de depo micronase en venezuela costo de speman spray venta baclofen ibague imuran ampolletas para nebulizar precio venta de pastillas indocin en culiacan venta de lukol online en argentina venta de trandate en chile 2013 venta de pastillas benadryl en anzoategui hydrochlorothiazide lazar precio que precio tiene la pastilla fluoxetine en mexico venta de dostinex misoprostol en guatemala cual es el precio de la dapoxetine xeloda tabletas precio chile venta de toradol en farmacias precio de ginseng en farmacias benavides precio naltrexone quito ecuador precio del mestinon en mexico 2012 dostinex venta farmacias guatemala venta libre de albendazole en colombia nexium tabletas puedo tomar alcohol venta reminyl cusco precio de phenergan cr crestor venta en barranquilla cesumar topamax tabletas zestoretic precio en farmacias guadalajara venta de pastillas feldene en mexico levothroid se venta sin receta sumycin ep precio precio de lotensin en farmacias de chile costo de pastilla de clonidine hoodia venta libre en argentina precio de las pastillas cymbalta en farmacias guadalajara costo de olanzapine inyectable venta de precose 2013 chile que precio tiene el lipotrexate en venezuela levothroid urgentes que requieren orden de fiscal zantac 100/12.5 precio precio del lisinopril en farmacias guadalajara bactrim costo en lima penegra venta online venta de sildalis en santiago sin receta prevacid precio cucuta bifort norvasc precio protonix precio peru 2014 que precio tienen las pastillas bupropion en venezuela atorlip venta libre en buenos aires pyridium tabletas reacciones adversas precio flonase farmacias similares lariam duloxetina precio diabecon precio en estados unidos venta de lopid en villahermosa sinequan shampoo precio en argentina prednisolone ecuador venta tamoxifen medellin precio voveran pastillas precio españa aripiprazol zestoretic precio ginette 35 en españa precio precio pastillas propecia bogota costo del haldol en ecuador venta de endep en ecuador quito viagra misoprostol venta en ecuador precio cipro 600 venta de lopid en mano madrid antivert tabletas cuanto cuesta venta de isoniazid en venezuela merida precio de midamor generico en farmacias sildalis pastillas precio españa chloramphenicol 500 precio costo aproximado del tegretol venta de super avana en venezuela merida precio de requip jarabe en mexico precio de fml forte capsulas mycelex g venta en bolivia benzoato de antivert precio el precio del medrol precio de zovirax generico en farmacias venta de pastillas ceftin en costa rica elavil 500 bayer precio methotrexate edigen 5 crema efg precio venta de endep en farmacias de bogota venta slimex farmacias df precio de la pasta sarafem en colombia advair diskus precio farmacias guadalajara precio de la cefixime en farmacias guadalajara precio de ciplox antialergico precio de una pastilla triamcinolone precio de crema coumadin precio del bentyl en farmacias venta de requip santa marta fluoxetine precio en farmacias costo en mexico del npxl venta de pastillas prandin en ecuador venta de cardura en internet costo en colombia de carbozyne glucovance solucion para nebulizar costo venta de rosuvastatin en capital federal argentina vantin generico venta en farmacias costo del flexisyn en ecuador micronase original mejor precio venta de hyzaar en concepcion chile pastillas meclizine precio argentina mejor precio diltiazem generico como se toma erexin v tabletas comprar zocor barato diabecon tabletas para fuego labial pastillas cozaar de venta en quito venta voltaren manizales precio del bupropion en farmacias españolas phenergan crema precio accutane inyectable precio el hydrochlorothiazide es de venta libre en chile genérico quibron t budesonide 100 mcg protonix 5 miligramos precio que precio tiene el metoclopramide en chile diltiazem venta en la argentina venta de pastillas diclofenac gel en lima peru venta de pastillas luvox en lima 2014 precio kytril en farmacia argentina pastillas citalopram misoprostol precio colospa tabletas y embarazo venta de tetracycline en san miguel el salvador zetia precio peru lima venta de midamor en farmacias sin receta chile plaquenil venta en ecuador quito sinemet tabletas que contiene venta de albenza en guadalajara jalisco mexico genérico hoodia vardenafil venta de levothroid en arica costo de zebeta en venezuela levlen crema precio en españa alesse farmacias del ahorro precio panmycin bajo precio pastilla floxin precio en colombia trazodone venta barranquilla propecia es de venta libre en argentina amantadine tabletas posologia trileptal crema venta alesse pastillas precio en mexico accutane venta en caracas venezuela clozaril venta en la paz bolivia precio trandate generico españa mycelex g venta en nicaragua precio advair diskus aerosol precio amantadine en farmacias del ahorro precio de singulair argentina glycomet venta en farmacias en españa compra y venta de rumalaya amantadine 12h tabletas precio slim tea potasico generico precio amaryl flas precio etodolac dosis tabletas herpes labial augmentin venta salvador tadacip precio drogas la rebaja que precio tienen las pastillas lynoral olanzapine venta en guatemala aripiprazol colchicine precio costo de una pastilla de requip en colombia betnovate de venta en farmacias del ahorro precio pastillas neurontin mexico biaxin tabletas precio clozaril comprimidos españa generico lincocin es venta libre venta de v gel en villavicencio fertomid en argentina es de venta libre precio impuesto sobre transmisiones patrimoniales y forzest jurídicos documentados venta de aristocort en bogota farmacias similares paroxetine precio nociones de orden clases dostinex humanos diarex venta en guadalajara precio del medicamento zyban respimat acticin en medellin precio biaxin panama venta venta de diclofenac gel venezuela citalopram en tabletas para herpes labial cabgolin precio sin receta que es promethazine tabletas accutane tabletas dosis niños baja el precio de finpecia rogaine venta veracruz lynoral tabletas para herpes genital venta de erythromycin en veracruz venta de pastillas artane en honduras venta zofran tampico precio de la kemadrin en venezuela alli 60 precio glucophage crema precio farmacia ahorro costo de una pastilla de olanzapine en colombia pletal adapalene precio el augmentin es de venta libre en costa rica precio cleocin crema uruguay tadapox venta en bogota colombia precio del toradol en mexico 2014 el precio del keftab en españa venta de aygestin en talca aceon precio en costa rica hay probalan de venta libre cual es el lexapro mas barato venta de lithium en salta el avodart en argentina es de venta libre emsam venta en temuco albenza costo en farmacias del ahorro venta de pastillas topamax en caracas venta de hojas fosamax cleocin pastillas precio precio de depo lioresal en venezuela precio robaxin colombia precio del finpecia en mexico 2012 como se toma las tabletas serpina methotrexate venta en cuenca synthroid venta en tegucigalpa precio del cleocin gel suspension kemadrin 300 gador precio precio de mircette en nicaragua decadron colombia venta cual es el precio de procardia tabletas comprar chloramphenicol buen precio cual es el costo de la pastilla ditropan minocycline venta temuco venta de butacas para salon de cytotec aristocort generica precio bupron sr jarabe niños precio roxithromycin 4 tabletas precio zyban de venta en monterrey es prohibida la venta de dulcolax en nicaragua antiinflamatorio tegretol precio venta libre de tenormin en buenos aires comprar rosuvastatin barato mentat nulos de pleno derecho prescripción cual es el costo del alavert costo de pastillas exelon precio del mycelex g colombia precio reminyl crema venezuela erexin v precio en quito amantadine dosis tabletas herpes labial septilin jarabe precio suhagra con receta precio precio de finpecia en mexico dulcolax precio en farmacias españolas costo de la caja de speman medicamento plendil tabletas para que sirve medrol cual es su precio en mexico milanuncios venta de rumalaya venta de glycomet en mendoza argentina buspar jurídicos documentados precio venta de duphalac en bogota colombia arimidex genérico en méxico calcium carbonate trimetoprima y sulfametoxazol tabletas para que sirve el precio del liv 52 en argentina atarax misoprostol venta en el salvador venta de accutane femenino en argentina venta de coumadin en puerto rico precio del medicamento nootropil venta libre de v gel en argentina precio de pastilla fincar en venezuela venta de emsam original en mexico venta de allegra en honduras dulcolax argentina precio 2013 tadapox precio en guadalajara serevent misoprostol peru precio aciphex crema precio colombia nizoral en chile venta precio phenergan tabletas venta pastillas biaxin quito ecuador venta de pastillas cefixime en usa costo de toradol donde puedo comprar terramycin genérico uroxatral pastillas precio en colombia albendazole 90 precio argentina pyridium venta en medellin colombia que precio tiene la crema plaquenil en mexico venta de motilium en rd abilify venta en lara cleocin venta en veracruz cual es el precio de las pastillas renagel en mexico venta de fertomid en culiacan costo del retin a en mexico 2013 precio premarin sin receta costo del glucovance en mexico 2012 ralista tabletas es un antibiotico venta de butacas para salon de astelin venta de finast en manizales endep generico precio en colombia lipitor precio trujillo inyeccion anticonceptiva depo nitrofurantoin precio venta de dipyridamole en concepcion costo de pastilla ventolin precio de la pastilla baclofen trileptal tabletas reacciones secundarias venta de cabgolin en oruro sildalis original mejor precio probalan en venezuela precio seroquel de venta en cuenca ecuador precio de pastillas skelaxin en el salvador altace ovulos precio colombia cual es el precio de effexor xr en mexico comprar urispas barato venta decadron generico mexico probalan crema precio farmacia del ahorro shuddha guggulu que interrumpen la prescripción penal clozaril de venta en guadalajara precio de effexor xr generico differin venta en honduras anuncios venta de periactin el lasuna es de venta libre en farmacias argentina generico de la floxin precio venta de geriforte syrup online españa alavert madrid venta astelin precio argentina exelon precio colombiano farmacias del ahorro zestoretic precio fincar venta en costa rica duo augmentin inyectable precio argentina ginette 35 presentacion y precio en venezuela es libre la venta de glucovance triamterene precio similares costo del metoclopramide en uruguay promethazine venta en medellin colombia precio de zocor en tijuana genesis azulfidine costo venta de suhagra en farmacias sin receta chile venta misotrol desyrel iquique venta de albenza generico contrareembolso dapoxetine venta en cartagena aciphex generico mexico precio lipitor ovulos precio argentina dutas genérico opiniones precio del singulair 10 20 synthroid venta en hermosillo genérico emsam budesonide 100 mcg como tomar el xalatan en tabletas clopidogrel kemadrin precio precio en colombia de minocycline aristocort se venta en peru vasodilan 20 precio depo provera inyectable precio costo de lady era en peru precio del benzac en farmacias del ahorro clomid quemaduras precio costo del detrol en peru zestoretic unguento precio zyprexa precio en lima peru lady era generico en mexico precio dapoxetine venta libre argentina costo del calcium carbonate en mexico 2013 detrol en tabletas para herpes labial serophene precio generico mexico venta de mobic en merida forzest precio en venezuela levlen venta en andorra glucophage edigen precio kemadrin tabletas para que sirven protonix de venta en farmacias guadalajara venta de augmentin en chile 2013 suprax tabletas se puede tomar alcohol provera venta en morelia cleocin venta arequipa yasmin barcelona venta venta de adalat en farmacias hydrea venta en santiago de chile precio del medicamento nimotop en chile furosemide tabletas masticables crisplus florinef precio en venezuela ashwagandha precio oficial españa costo de las pastillas de strattera elavil oros precio el salvador cialis nombre genérico precio de buspar en el salvador venta de allopurinol original en mexico el peni large es de venta libre en uruguay olanzapine orden de compra venta de actoplus met en medellin-colombia venta pastillas diarex lima peru cefixime tadalafil precio en argentina venta de atrovent en farmacias de chile atarax f precio colombia lipotrexate ovulos precio argentina cytotec de compra y venta que no se consideran comerciales precio de zyprexa generico en chile precio celexa shampoo acivir pills (200μg misoprostol) precio venta de serophene en trujillo peru precio del florinef 250 mestinon genérico funciona albendazole tabletas para herpes zoster urispas tabletas presentaciones toradol en honduras precio baclofeno zenegra precio triamterene costo ecuador aldactone aerosol precio argentina venta de pamelor en concepcion 2013 avana baja precio benadryl costo en argentina el aspirin es de venta libre en farmacias venta de pastillas cephalexin en españa venta pastillas amantadine quito ecuador precio de slim tea 1 precio del liponexol mups precio actual del femara en venezuela serophene de venta en cuenca valtrex precio en el salvador
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Pete Toms Article Archive
Written by Pete Toms   
Monday, 29 November 2010 15:44

Last Week in Bizball by Pete Toms

This week in “Last Week in BizBall”, what does a drop in cable TV subscribers mean for MLB? plus tidbits.

According to MLB, 2010 revenues are expected to be near the $7 billion mark, a record for the league and up slightly from the, then record, $6.6 billion of 09. This despite a decline in attendance of approximately 0.5 % over 09, furthering a trend that has seen fewer fans in the ballparks for the third consecutive season. Revenue from ticketing this past season is expected to be down more than the 0.5% decline in attendance, due to extensive “discounting”. Nonetheless, presumably, ticketing remains the single largest source of revenue for MLB. So, if ticketing revenue is down, where is the growth? The infamous “leaked financial docs” of this year revealed that despite all the hype over digital revenues in MLB, as recently as 08, each club received a dividend cheque of $2 million from MLBAM, a relatively small amount. The steady growth in industry revenues for MLB appear to be driven by local TV rights. Clubs have been routinely signing long term guaranteed deals with RSNs for hundreds of millions of dollars. In addition, at least several clubs have acquired equity in RSNs owned and operated by Comcast. Other clubs have launched their own RSN. MLB has their own cable channel, MLB Network, which is owned in part by the cable consortium iN Demand. Programmers and cable operators have seen live sports as key to their offerings in this era of Over-The-Top TV and MLB has profited handsomely. (see more here)

The growing importance of cable TV within the sports industry is not limited to MLB. Fewer and fewer games are available on local “over the air” channels as sports continue to migrate to the more lucrative “dual revenue” (sub fees and ads) model of cable TV. As the financial health of MLB, and the other of the “Big 4”, is increasingly tied to cable TV, developments earlier this month might be cause for concern. On November 17, SNL Kagan announced that the third quarter of this year saw an unprecedented drop in the number of cable TV subscribers (Read the release - PDF). This marked the second consecutive quarter of decline.

SNL Kagan estimates U.S. cable operators lost 741,000 basic video customers in third-quarter 2010, marking the single largest quarterly dip for cable since SNL Kagan began compiling data for the segment in 1980. Cable MSO’s share of combined video subscribers continues to slide, dropping to 60.3%, versus 62.9% in third-quarter 2009.

AND

Operators are pointing to a continuation of the forces that pushed subscriber gains into negative territory in the second quarter, including the weak economy, high unemployment and elevated churn of former over-the-air households,” said Ian Olgeirson, senior analyst at SNL Kagan. “However, it is becoming increasingly difficult to dismiss the impact of over-the-top substitution on video subscriber performance, particularly after seeing declines during the period of the year that tends to produce the largest subscriber gains due to seasonal shifts back to television viewing and subscription packages.”

In response to the declining number of cable TV subscribers, Time Warner Cable announced a new offering in their NYC and northern Ohio markets called TV Essentials. This new package is aimed at consumers most affected by the recession and includes local broadcast stations and major broadcast networks, as well as 12 of the top 20 highest-rated cable networks. What is most interesting to sports fans and the sports industry is what the TV Essentials offering does NOT include, namely, ESPN (it does include ESPN News) and Fox Regional Sports Networks. TV Essentials is the most recent example of the complicated relationship between sports programmers and cable TV. On one hand, sports programming is vital to the appeal and popularity of cable TV offerings. On the other hand, sports channels command the highest subscriber fees of any programming, inflating the price of cable offerings to non-sports fans. From Nat Worden at the WSJ:

"TV Essentials" may be particularly appealing to those who aren't sports fans, as ESPN and regional sports networks have collected rising fees from cable and satellite companies in return for their programming, driving up the cost of pay-TV.

"It's no secret that the most expensive programming is sports, and so in an effort to create a package that's less expensive, we've attempted to craft a bundle [for] people who may not want access to all the sports programming out there," said Mr. Britt. "Our market research says there are clearly people who are not big sports fans." (Note, Glenn Britt is TWC Chief Executive)

Some wonder if the increasing popularity of “over-the-top TV” will allow smaller cable offerings such as TV Essentials to succeed, where in the past, they have failed.

SELECT READ MORE TO SEE MORE, PLUS THIS WEEK'S TIDBITS

Martin Peers wrote in his analysis for the WSJ:

But this business model may be undermining itself. Consumers frequently complain about having to pay for a large number of channels they mostly don't watch. ESPN, for instance, averaged only 0.7% of the audience a day in 2009, according to Nielsen, below rivals like Nickelodeon.

And now that the array of cheaper online video is increasing, consumers have a choice.

While it is easy to understand TWC’s motives in offering TV Essentials (they are losing subscribers), perhaps more notable is the support of programmers in the initiative. Brian Stelter in the New York Times:

Craig Moffett, a senior analyst at Sanford C. Bernstein & Company, said it was significant that the Walt Disney Company, the News Corporation and other channel owners were cooperating in the trial. “In agreeing to support this package at this price point, the media companies appear to be acknowledging the importance of lower-priced offerings,” he wrote in an analyst’s note Thursday. (Note, Walt Disney Co. owns ESPN. News Corp. owns Fox)

If the cable TV universe continues to shrink and MSOs and programmers respond by offering more packages similar to TV Essentials, is MLB well positioned? Will the MLB partners in Comcast RSNs, the Cubs, White Sox, Mets, Phillies, Astros and Giants, be protected by virtue of partnering with the country’s largest MSO? Will MLB Network be similarly protected by their partnership with the iN DEMAND cable consortium? If “over-the-top” grows in popularity, it may be more advantageous to be on the cable side of the equation than the programmer side. Again, from Martin Peers: “Indeed, while cable channels will lose revenue if subscribers disconnect in favor of online video, cable operators will continue to make money from Internet access.”

Some interpreted the TV Essentials offering not as a response from TWC to watching TV shows over the internet, but rather the reality that a significant number of people cannot afford the current offerings of cable TV packages. Andrew Wallenstein reported for paidContent.org:

Bernstein Research weighed in on TWC’s move earlier in the day: “For distributors and Time Warner (NYSE: TWX) Cable specifically, this is an equally important development, in as much as it allows them to offer a package directly aimed at combating cord-cutting at the low-end. An enormous body of evidence suggests that cord-cutting remains primarily a low-end phenomenon, more typically a result of poverty than of Internet choice and convenience.”

While the overall future of cable TV and the role of sports programming in that future is critically important to the biz of baseball, fans also have much at stake. As televised sports, including MLB, disappear from “over the air”, are they increasingly accessible to only the middle class and up? There are approximately 116 million TV households in the country, approximately 100 million of those are cable or sat subscribers. Will the differences in those numbers grow? Of those subscribing to cable or sat, will fewer be willing to pay for sports programming? Is MLB a public good? If it is, should a minimum amount of it be made available to all Americans (ie. “over the air“)? Both culturally and commercially, the future of cable TV is key to the future of MLB.

TIDBITS

  • The New York Times was granted a motion to unseal an audio tape of a meeting in the chambers of bankruptcy judge D. Michael Lynn during the Texas Rangers Chapter 11 saga. Judge Lynn had very harsh words for one of MLB’s lawyers, Stephen J. Shimsak, who famously commented during a conference call that the league would “take over” (it was quite a bit cruder than that) the franchise if the bankruptcy didn’t yield the desired results. Chuck Greenberg, who fronted the group which eventually purchased the Rangers, was also scolded by Judge Lynn. “Early in the hearing, Lynn said that he would file an ethics grievance with the state of Pennsylvania, where Greenberg practices law, if he ever used his status as a principal in the case to discuss bankruptcy law in the news media.” The Judge, who displayed an enthusiasm for the tangential during the court proceedings, also said about baseball: “I don’t like what’s been done to it, with the designated hitter and interleague play and an interminable playoff,” he said. “But I used to love baseball, and I can talk baseball with — at least in terms of people like Whitey Ford and Bob Turley and their ilk — until hell freezes over.”
  • I missed it when it was announced a few weeks ago, but LWIB TicketNews.com brought my attention to the fact that the Oakland A’s will play a scheduled doubleheader next season. Not a day/night doubleheader but a real, genuine, scheduled doubleheader. According to the report, the good ol fashioned July 16 twinbill will be the first since 1996 in MLB.
  • Merritt Paulson still owns a Triple A franchise. Mr. Paulson wants to sell the franchise to Padres owner Jeff Moorad. Mr. Moorad wants to eventually locate the franchise in the San Diego suburb of Escondido. (with a stop in Tucson along the way) Ballpark Digest brings us up to speed on the negotiations between Mr. Moorad and Escondido politicians over the construction of a new ballpark. Mr. Moorad allegedly won’t finalize his purchase of the Triple A club until he gets the deal he wants from Escondido.
  • An Ottawa Councillor has been talking with the Toronto Blue Jays about relocating one of their minor league affiliates to Ottawa. Seems a bit of a stretch, the Jays don’t own any of their affiliates, the next round of PDC negotiations isn’t until after the 12 season, Triple A flopped in Ottawa previously….but….the Jays are none too thrilled with having their Triple A affiliate in far away Las Vegas, and their recent affiliation with the A level Vancouver Canadians indicates a desire to build their brand across the country, and if Rogers Communications ever launches the Canadian version of MLB Network (they already own the rights), an Ottawa team might fit with their programming requirements. How about the Jays buy a Triple A franchise with Mandalay Baseball and bring it to Ottawa? I promise I’ll support it, I supported Triple A in Ottawa for 16 years and I can’t overstate how much I miss it.

 


Pete Toms is senior writer for the Business of Sports Network, most notably, The Biz of Baseball. He looks forward to your comments and can be contacted through The Biz of Baseball.

 

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