MLB Reduces Orioles and Nationals' TV Rights Fees by 20% for Upcoming Seasons - PRESS AI WORLD
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MLB Reduces Orioles and Nationals' TV Rights Fees by 20% for Upcoming Seasons

share-iconFriday, January 03 comment-icon2 weeks ago 5 views
News sources:
apnewsAPNEWS
MLB Reduces Orioles and Nationals' TV Rights Fees by 20% for Upcoming Seasons

Credited from: APNEWS

  • A **Major League Baseball panel** has decided to cut the TV rights fees for the **Baltimore Orioles** and **Washington Nationals** by **20%** for the 2024-2026 seasons.
  • The reduction is attributed to a **declining cable television market**, which affects subscriber revenue.
  • Each team will now receive about **$58.3 million** annually, down from approximately **$72.8 million** for the earlier years.
  • This adjustment marks the **third consecutive five-year period** where the teams had disputes reviewed by the **Revenue Sharing Definitions Committee** (RSDC).
  • The decision follows litigation concerns and a **long-standing agreement** involving the network MASN, which broadcasts their games.

For further details, visit the original article at AP News.

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