revista tu online septiembre 2012 where can i buy the cheapest xenical online zyrtec next day shipping mexican pharmacy no prescription clonidine canada pharmacies online that sell fluoxetine noroxin delivery uk us pharmacy for cialis long term side effects of ventolin lisinopril and birth control pills buy elocon online buy floxin inhaler canada buy voltaren fast shipping best site to buy pariet can you buy prednisone online do you need rx cipro where can i get tretinoin 0,025 pills himalaya pilex tablets dosage buspar and cold medicine you can buy no script pet meds there generic drug femara best zocor prices can you buy nizagara atacand overseas what does green tea with ginseng do for you is vytorin a prescription drug what does prograf look like paxil australia price liv 52 pas cher where to buy ciprofloxacin herbal medicine for abortion in the philippines cipla field call username what is the dosage for zovirax for cold sores epivir-hbv rx zoloft sertraline weight gain how long does it take for clonidine to start working cleocin online bestellen is proscar legal in uk purchasing toprol xl online erection packs 11 drugs prescription where to buy aricept drugs online best price promethazine diltiazem 120 mg tablet tev cost of ciprodex otic suspension what is allopurinol tablets for clozaril dosage instructions como tomar el cytotec para abortar lloyds pharmacy dapoxetine how to use minoxidil and finasteride buying bupron sr from canada no prescription purchase penegra cheap does accutane make acne worse buy forzest usa plendil pills sweat combivent legal in england clomid online shipping will you order viagra online in canada api t.c. tetracycline anti-bacterial fish medication alli 10 mg lady era roche precio argentina the best weight loss pills 2013 where to get bupropion buy zyvox 15mg online buy minocin online usa what is altacef 250 how to by hytrin online proscar cost comparison prescription generic propecia over counter endep silagra tablets for purchase anxiety medication herbal remedies celebrex cost canada correct dosage of danazol for endometriosis buy paroxetine cheap levitra 10 mg bucodispersable precio en farmacias intrathecal clonidine dose german remedies india vigora what are clomid pills zofran odt purchase feldene with no rx que contiene lincocin con eucalipto asthma symptoms children nymphomax cost canadian what is prednisolone used for in pregnancy diovan hct wiki buyers of citalopram canada kamagra with no rx valtrex lowers herpes transmission how long does it take lexapro to work for depression where to buy betamethasone medicine for abortion of one month generic wellbutrin xl not working buying zetia online biaxin 2 tablets once daily generic alternative for diovan buy tramadol online pay with cod purchase atorlip-10 buy kamagra review online pharmacy dapoxetine online purchase in india buy diclofenac with paypal elocon 20mg tab where to voltaren norvasc legal in england cleocin ordering online pharmacy where cane i buy trimethoprim cystitis how to buy cymbalta cheap buy genuine dilantin uk low cost pyridium 200mg online purchase generic viagra professional where to zofran what are the side effects of warfarin paroxetine medication for anxiety silagra with no rx how can i get free samples of viagra diamox billig kaufen zovirax cream directions accutane online mastercard where could i buy januvia without prescription zyrtec cheap price side effects of reglan in breastfed babies fertomid for sale menosan online cheap periactin store monoamine heat warnings generic pamelor buy canada can you buy viagra over counter germany is viagra legal in saudi arabia online tricor purchase what is sumycin for diabecon usa seroquel generic vs brand canadian pharmacy risperdal rumalaya gel online in usa doxycycline generic vs doryx suprax gonorrhea viagra professional online pharmacy uk cost of xenical australia hytrin order by phone medicine like abilify antipsychotic phone in order for flonase most common side effects of bactrim ds tegretol tablets used is there a shortage of plavix do you have to have a prescription to buy viagra effexor xr brand positioning levitra on line no prescription 5mg where to eat in calangute goa asthma inhalers online doxycycline 50 mg chlamydia list of pharmacy chains in ireland promethazine generic equivalent saw palmetto berries sale protonix over the counter usa what is metformin medicine used for pravachol usa cvs prices amitriptyline 10mg tablets used best online pharmacy no rx reviews mail order pharmacy technician duties imuran delivery uk cafergot dosage forms order cytoxan online uk buy real viagra with echeck aspirin usa deutschland cialis 20mg how to take alphagan drug class lopra citalopram 20mg tablet cystone india arjuna to buy in the canada without a prescription can you get zebeta over the counter donde comprar brand cialis online pharmacy no prescription needed mobic get anacin las vegas terramycin australia yasminelle contraceptive pill buy online levitra professional prescription levaquin without a script lexapro and sleeping pills sinequan order online prescription cordarone noroxin lawsuit canada nach baliye 5 12th january 2013 desi tashan leukeran 2 mg tablets does viagra work for sale no prescription original lozol online feldene cost dutas ordering online pharmacy relion ventolin hfa inhaler exelon uk boots midamor tablets us online buy yasmin online with mastercard kamagra oral jelly order on web proscar canada pharmacy buy phenamax online amazon lotrisone mg price can we trust sinemet online 5mg lexapro weight gain buy amitriptyline 100 zentel syrup albendazole 10 ml how to get medrol aristocort ordering online pharmacy capoten 100 mg strip tablets 100 herbal strong sex pills for women differin for discount topamax side effects in women how to use clomid after a cycle my precose coupons acquisto cafergot sicuro online release date for generic lexapro propecia estrace pills side effects serpina delivery zocor tablets online depo medrol injection price india order tadalis online buying estrace in canada seroquel xr 300 mg bipolar finasteride 5 mg tab nor what are prednisone tablets buy viagra in australia no prescription methotrexate dose for cancer can you take cialis under the tongue is maca better than ginseng is robaxin available on line in canada liposafe for men sale in uk celexa comments reviews max dose of simvastatin with diltiazem watson hong kong pharmacy where to buy brahmi bystolic generic substitute how much is zofran without insurance amaryl to buy from europe mentat lawsuit canada what is viagra yahoo answers drugs tretinoin 0,025 canada prescription cymbalta 100mg buy dipyridamole low cheap price med cab keflex levitra plus medication online buying zestoretic tetracycline on line no script is lamictal a prescription drug legal buy septilin online canada can men use hydroxycut for women where can i buy clomid and nolvadex doxycycline online sales where to capoten can you buy baclofen over the counter low price isoniazid uk comprar levlen original soft sale buy cialis can i get viagra over-the-counter in the uk where to buy micardis drugs online naprosyn dose maximum proscar prescription online order feldene 120 mg comprar hytrin online ordering professional vardenafil levitra pill comprar rocaltrol portugal nizoral woldwide shipping levaquin online coupons keflex non perscription countries what is the medication diclofenac used for buy over the counter femara online keppra dose increase celebrex without prescription medication how much will phexin cost buy cialis jelly in ireland where to buy finasteride uk forum plavix online usa zanaflex high bluelight better than tinidazole buy metronidazole 500mg no prescription buy colchicine without rx buy albendazole boots decadron without insurance the school of pharmacy in canada can we trust hoodia online overnight buy valtrex online cheapest tenormin tablets uk online strattera purchase buy malegra fxt with e check cipro without a prescription from mexico ultra low dose haldol cheapest place to buy acai antibiotic keflex generic what are the side effects of taking premarin yasmin birth control pill reviews celebrex spain over counter lopid medication online revia delivery uk where to get lipitor pct comparison between levitra and viagra comprar lotensin pela internet brand ophthacare buy buy shuddha guggulu online from usa can i make strattera lisinopril drugstore com allegra drugs online purchases viagra wiki nl genuine bentyl medication ibs low cost overnight cialis soft cheap generic viagra co uk kamagra tablets celebrex capsule 200 mg prospect protonix to purchase without a prescription evista package insert eli lilly duphalac canada prescription doxycycline hyclate 100mg dosage himalaya haridra reviews best online pharmacy generic zantac misoprostol side effects after abortion duphalac prescription only common side effects of lithium treatment purchase generic cialis jelly finest natural ginseng capsules review buy doxycycline 80 mg online nexium capsules tegretol usa sale azulfidine brand positioning remedio xenical comprar 12 volt 100ah lithium battery ashwagandha spain reviews on acai with green tea acheter pas cher cialis sublingual norco sight 1 2012 spec how to purchase lithium online side effects of clindamycin in children half price tenormin silagra 50 how to use plendil medication dosage amaryl buy india benzac online store lotrisone discount medications is it illegal to order generic zestril non prescription celadrin pharmacy is cholestoplex a prescription drug precautions for viagra usage roche accutane sale how to get tadalis sx in australia erythromycin topical solution reviews cheap flomax pills exelon without prescription best place to order sumycin in us lesofat price per box generic finasteride 1mg price what are the side effects of too much levothyroxine ordering mifepristone and misoprostol online aciphex mg usa 1000 mg naproxen dosage cheap phenergan 10mg canadian pharmacy viagra + cialis spam what do buspar tablets look like doxycycline discontinued zofran iv dose for children acyclovir and alcohol nhs appalachian ginseng prices buy finasteride online paypal cost of purim online no prescription cheap abilify where can i buy abortion pill online zofran drug in usa pharmacy overnight pharmacy tinidazole buy bacterial where to buy fucidin drugs online wellbutrin sr dose depression order casodex average cost of toprol xl canada betapace tablets online buy epivir-hbv online amazon purchase diflucan canada fosamax tablets online purchase brahmi online over the counter premarin propranolol 40 mg galenika cialis dosage strengths actavis cough syrup canada finasteride use women hair loss synthroid 10 mg cost omnicef without a prescription discount pharmacy no prescription diflucan dosage yeast infections children buy generic avalide no prescription allegra tablets for children side effects of singulair in adults purchasing epivir-hbv online uk celexa dosage fda cost of anastrozole drug order dipyridamole drugstore doxycycline hyclate side effects hair loss where does estrace come from is mail order glyset safe pharmacy times top 200 prescription drugs can you get protonix over the counter cost of probalan online pharmacy etodolac 400 mg buy genuine motrin uk where can i buy herbal viagra over the counter atrovent for sale usa can you get tamoxifen over the counter wholesale viagra from china prograf on line for sale no script canadian alliance party leader purchase generic ciplox where to get fucidin cream generic flagyl er paypal dulcolax overnight relief laxative tablets reviews acquisto arimidex sicuro online internet orlistat purchase como se toma cytotec para abortar buying chloroquine in manchester purchase rumalaya forte pills micardis pill canadian ranitidine brand order delivery plendil without paypal noroxin tablets for sale what is aciclovir eye ointment used for vytorin medication cholesterol where to buy code red pills where to buy alli pills where purchase provera side effects of flovent diskus viagra (sildenafil) 100mg uk order aciclovir from canada can you buy baclofen claritin sales figures mail order ventolin kamagra oral jelly pharmacy prices list duetact overnight delivery metformin 500mg brand cialis trial pack trusted order eulexin free chlamydia test 100 mg famvir prescription cheap price buy estrace generic viagra professional uk lady era medication side effects atorlip-20 paypal what is the drug bystolic for abilify reviews for children over the counter sleeping pills that get you high astelin medicine children viagra soft new zealand quanto costa feldene how to import skelaxin what is sumycin made of ordering soft generic cialis overnight google stats uk buy levothyroxine order synthroid without a script buy cod abana no weight gain after topamax amitriptyline generic uk aldactone tablets what is is citalopram 10mg effective for anxiety generic zyloprim usa clonidine spain wisconsin usa ginseng llc quanto costa cialis 5 mg in farmacia allegra d online buy can you buy alphagan in ireland get clonidine las vegas piracetam effects on memory singulair 10 mg cena leku buy avandamet paypal what is trileptal medicine myambutol generic canada generic benfotiamine us us online pharmacy no prescription rogaine 2 que contiene el antiflu des jr online zyloprim india bayer cropscience ltd annual report 2011 danazol 100mg bula astepro vs astelin which uk site to buy motilium best generic cleocin gel review mestinon drug schedule rosuvastatin australia panax ginseng indian name deltasone online pharmacy shipped to canada exelon patch price uk cefixime and alcohol pyridium tablets for bladder buy endep visa vpxl generico italiano what does plavix do for you motrin dosage infant prometrium billig kaufen acheter pas cher nizoral aceon woldwide shipping albendazole india sale buy viagra plus online with mastercard meridia skyrim choice advair diskus 100/50 price home chlamydia test boots where can i buy permethrin insecticide medicine voltaren gel buy dramamine pills online buy viagra online in uk no prescription generic for combivent inhaler triamterene generic buy tramadol cod personal check side effects of meclizine 12.5 mg can claritin d get you high premarin topic overnight delivery generic name for cipro hc united healthcare prescription solutions prior auth propranolol india tablet medicine pharmacy over the counter proventil finax phone orders flonase on line for sale no script buy alligator clips for hairstyles can you take elimite daily cheap orlistat singapore cost of aspirin in india nolvadex generic name unisom medicine children prilosec us companies only cost methotrexate walmart lexapro birth control online australia proscar online sales saroten 10 mg absetzen buy fluoxetine online uk citalopram 100mg cheep msc marc mentat price arthrotec side effects mayo clinic pfizer discount lipitor remeron dosage instructions buy abilify no prescription inderal shortage australia shallaki dosage instructions what does allegra cole dog liv 52 shopping grifulvin v from usa coupon for generic flonase zofran lawsuit canada order non generic viagra soft tofranil without prescription order stromectol 6mg where to buy cheap generic trileptal buy 30 brand abilify mg how to use propranolol for stage fright without script click here altace online overnight delivery buy doxycycline order comprar atorlip-10 portugal birth control pills naprosyn does cialis 5mg daily work bupropion discount card lotrisone non perscription countries purchase levaquin cheap what is bactroban cream prescribed for tulasi coupon code bluexephos youtube stats purchasing speman online how to get procardia in australia what is amitriptyline hcl 25 mg tab used for albendazole tablet sale lexapro pills buy generic name for bactrim ds pharmacy one branches amman antibiotics in pregnancy pharmacy has best price triamterene where can i order pyridium motrin 800 mg tablet diltiazem usa sale free viagra sample pack by mail approved prograf without a prescription from canada where can i buy dostinex online alli 60 mg hard capsules 84 capsules synthroid 100 mcg picture types of strong pain pills cardizem tablets used for buy generic pariet online evista to buy in england anacin medicine online doxycycline hyclate tablets for acne buy omeprazole 40 mg confido order by phone drug brand names list india renagel india what is comparable to flonase over the counter crestor over the counter drugs cialis online meds buy relafen usa sominex for men sale in uk fosamax elocon pills online in the india triderm cream uk letra de la cancion llevate mi tristeza del padre chelo himcocid express canada hotel villa cipro review levitra cialis viagra trial pack genuine danazol 100mg over counter imuran problems generic glucophage where to buy mirapex ointment how to use cytotec pills for abortion abilify pharmacy online bula do serophene 50mg what is the symbol for lithium sulfate how to purchase erythromycin online can dogs take benadryl capsules amitriptyline no script acheter viagra en ligne suisse buy generic doxycycline online no prescription generic tinidazole paypal comprar glyset original en madrid generic lexapro escitalopram oxalate nolvadex pct buy purchase accutane 5mg prescription buy abortion pills online ru 486 side effects of stopping antabuse buy lamictal from india sale coreg canada buy micardis without prescription como usar elocon buy levofloxacin uk hyaluronic acid in drug delivery systems half price network pharmacy cialis super active medication where to buy buy generic propecia inurl forum how to buy hoodia what is nootropil pills used for how effective is doxycycline for acne best price viagra jelly tadacip dosage too high paxil generic what is micardis telmisartan used for buy seroflo online at canada pharmacy vardenafil hcl 10mg order indocin online weight loss alli coupon canadian pharmacy no prescription premarin order diovan pill purchase fresh acai berries zoloft side effects weight gain buy meclizine in australia purchase actos 15 mg mirapex cheap uk zovirax cream dosage cold sores tetracycline hydrochloride capsules allintext cheap generic viagra no prescription getting off topamax weight gain buy indocin australia canadian healthcare information technology keppra dosage recommended how to stop taking effexor xr 75mg order depakote medication by mail is mevacor legal in uk buy biaxin pills in the uk buy bactrim tablets india what is metformin side effects brahmi online australia indocin dosage rheumatoid arthritis how much is allegra d otc confido canadian pharmacy tetracycline fish treatment what does bactrim treat sinus infections best place to buy atorlip-5 order nexium online no prescription with a mastercard how long does it take lexapro to work for ocd eutirox 75 will benicar cause weight gain buy betapace quick how much is tadacip tablets diovan 10 mg cost benicar hct 20mg 12.5mg side effects non prescription abana is promethazine w codeine over the counter quickest zetia free coupon for plavix best online viagra prices strattera price insurance erythromycin online from india brand viagra pills buy online bayer website lavitra tadalafil cheap india ver arjuna online latino original ampicillin online order albuterol sulfate inhaler abilify coupons discounts viagra professional on line buy brand promethazine where purchase anacin wild ginseng price 2010 cheap gasex pills accepted nitroglycerin iv maximum dose provera without script no prescription avandamet can you buy kytril online trazodone high erowid what does viagra do when you dont need it cheap valtrex india dilantin noprescrition needed usa online pharmacy cipla pharmaceuticals india hamied sarafem cost without insurance what does celexa pills look like buying nymphomax in manchester legal viagra in the uk optimmune ophthalmic ointment for dogs lasix iv side effects hydrochlorothiazide to buy in the uk without a prescription endep tablets for purchase generic pilex buy canada beat way to order aldactone geriforte price india acquistare levitra professional in italia blood pressure medication clonidine side effects decadron medication order cheap clomid for sale lexapro weight loss side effects can we trust albendazole online amoxicillin 500 mg during pregnancy what gift cards can you buy with paypal dostinex tab 0.5 mg proscar online pharmacy uk buy viagra super active without a prescription from canadian pharmacy does strattera work better than vyvanse how to get azithromycin dose for chlamydia nitroglycerin pills sweat strattera online ordering didronel not generic brand calan buy metoprolol succinate vs tartrate pyridium medication information premarin no prrescription allegra prescription coupons over the counter buy amitriptyline overnight cheapest tadapox in the uk how much does promethazine codeine cost on the street buy prometrium usa cheap lotrisone 40 mg what is comparable to periactin otc order depakote level buy provera online in the uk codeine cough syrup effects cheap canadian albendazole no prescription atarax 25 mg price india avodart canada overnight delivery lithium online no prescription pharmacy rx one canada where to buy fluconazole online buy brand cialis quick roche pharma xenical 120mg hartkapseln nizoral online overnight how much will zovirax cost unisom free shipping zenegra sale pills online urispas express canada revatio 100 best price for lipothin benadryl price in mercury drug buy brand levitra 40 silagra generic 2013 drugs lamisil mail order india what are celebrex pills for levitra vardenafil medication cheap sleeping pills no prescription is keflex legal in uk bactrim rx use generic extendaquin cost methylprednisolone iv side effects women side effects of methotrexate injection for abortion how to use yasmin as emergency contraception where can i get some levitra revia drug canadian pharmacy aciphex over counter uk cheap diclofenac generic voltaren triamterene lawsuit settlements valtrex prescription cost best elocon prices provera with american express can you order mycelex-g zoloft dosage dose silver current price live antabuse dosage too high buy mifeprex and misoprostol online generic finast safe buy viagra online boots ceftin prices generic allegra cost keppra mg price lipitor pills uses buy revia with e check american menosan viagra gu"nstig kaufen per nachnahme tamoxifen uk next day delivery price increase norvasc how effective is propecia for women buy flomaxtra line order actos 15 mg cheap super active cialis lov cost accutane birth control pills female cialis donde comprar ginseng no script wellbutrin mg is there a drug comparative to zyvox comprar accutane portugal nolvadex recommended dosage cardizem non perscription countries round blue xanax mylan a1 buy kamagra oral jelly canada procardia cost canadian aricept no rx adalat free shipping sale leukeran do you need a prescription for minocycline weaning from prevacid fucidin h cream uk cipla medpro south africa ltd erection packs 2 overnight delivery generic viagra atacand online australia rumalaya forte for daily use canada buy aciclovir online no prescription united states ohio ginseng prices 2011 naprosyn pill shortage purchase entocort pills lexapro order on web kamagra chewable online overnight proscar what is aciphex drugs effexor price canada can buy voveran sr online generic for femara kytril on line can i get antibiotics without a doctor;s prescription canadian online pharmacy for plavix plavix 75 mg online kaufen safe buy kamagra oral jelly online how to use phenamax buy celebrex 200 mg where to buy passion rx in canada micardis without script prinivil buy without where to buy amaryllis flowers fresh where can i order valtrex online drug market order ephedraxin finax pills what does a nexium pill look like free coupon for nolvadex flonase without script where to buy alli weight loss helps liquid ayurslim review buy levothyroxine 100 mcg 100mcg online order generic prazosin ephedraxin medicine online entocort ec 3mg capsule betnovate without a prescription prednisone uk ordering silagra prescription cumwithuscom buy cheap kamagra effervescent 100mg chloroquine cost us safe place order danazol buy lisinopril in australia orlistat over counter australia order flonase overnight buy mevacor greece buy advair diskus without prescription side effects sertraline hcl 100mg olanzapine tablets 40mg Purchase abilify 1mg canada order neo medrol comprar estrace original en madrid zyprexa 10 mg image all types renagel pills generic fluoxetine hcl where to buy cheap generic nimotop long term side effects of malegra dxt cheapest pfizer viagra uk comprar phenamax portugal phenergan next day shipping generic ventolin buy canada valtrex dosage for herpes simplex buy entocort enema can buy aciphex online how to order periactin online medicine back pain during pregnancy viagra plus mexico norvasc tablets dosage is generic ventolin available in usa best antibiotic for uti buy differin gel without prescription toradol generic medication toradol prix en pharmacie en france retino no prescription overnight delivery lowest priced flovent buy rogaine 5 foam doxazosin generic 2013 drugs buy bisoprolol hctz purchase kamagra jelly ivermectin albendazole side effects how to order malegra dxt online viagra paypal no prescription safe buy noroxin online medrol 4mg dose pack certified pharmacy technician online program non prescription dapoxetine pharmacy aceon with no perscription citalopram on line for sale no script lexapro 5mg to 10mg maxalt pharmacy order friv 1000 dress up games fluoxetine cheap canada pharmacy where do alligators live in winter danazol drug class zyvox pharmacy coupons order valtrex what does nitrofurantoin mono/mac treat trandate in canada plendil for sale uk how to purchase yagara online what is adalat xl 30 mg used for unicure tires parlodel tablets 2.5mg mexican pharmacy no prescription promethazine trimox 20 mg levitra prices online buy eldepryl without a script metformin buy australia tamoxifen citrate and weight gain free online birth control pills wellbutrin coupons prescription testosterone cream bodybuilding duvadilan price philippines betnovate dose artane max dose pilex tablete cijena u bih benzac overnight delivery etodolac coupon code buy cialis in india best oxytrol prices side effects long term use clonidine kamagra oral jelly suppliers india diclofenaco normon efectos secundarios generic tenormin buy canada risperdal order by phone pharmacy express scripts web user login natural viagra substitutes over the counter us online pharmacy no prescription artane buy cialis 10mg tablets serophene where to get how much is serevent tablets depakote australia price allegra rx otc switch mobic meloxicam tablets 15mg premarin cream for face paxil pas cher italie donde comprar cialis mexico benadryl prices which works better cialis viagra or levitra low cost arimidex without buy cialis soft with no script chlamydia treatment pills online atorlip-10 generic wikipedia drugs order antibiotics no prescription uk genuine allopurinol cheap fertomid uk mexican pharmacies without prescriptions buy plendil online from usa withdrawal from skelaxin pharmacokinetics of albendazole in man pictures of buspar tablets generic cefadroxil switzerland generic cafergot us buying zyvox for dogs order effexor xr online with visa can you buy gyne-lotrimin online what is tofranil drugs luvox suppliers overseas hyzaar visa buy prometrium online no prescription united states cheap prednisone tablets why do people gain weight on zoloft depakote uk online how much is generic plavix depakote and alcohol withdrawal betapace online overnight shipping pamelor coupon code where to buy colchicine discount flovent tablets 40mg albuterol inhaler safe pregnancy rosacea after accutane health canada differin buy generic betnovate with bonus buy nymphomax with visa general mills india pillsbury discount coupons for actos drug propecia prescription over counter alesse uk health canada actoplus met buy toradol fast shipping buy metoclopramide from canada buy over the counter diclofenac gel online ordering baclofen online seroquel pharmacy price topamax best price buy alli from usa what does buspar show up as non persciption naprosyn how to buy viagra online imitrex prices usa can a man buy the abortion pill zetia generic brand ditropan prescriptions what is the proper dosage for aleve metformin overdose in children order accutane 80 mg online 100 mg amoxil generic betoptic buy purinethol new zealand online best pharmacy to order cleocin gel american combivent how to order cefixime side effects of mixing prednisone with alcohol buy brand amoxil with a mastercard atacand side effects a comprehensive view what are the side effects of taking erythromycin viagra sublingual order online no prescription cheap lipothin no prescription how much is cialis at cvs are asthma inhalers free nhs purchase cephalexin 250 mg online the evolution of a viagra salesman by jamie reidy florinef for sale usa trileptal buy no prescription free or low cost tamoxifen what is betnovate 1 5 cream for purchase cheap prescription zovirax online can order ponstel online canadian family pharmacy buy mircette cheap overnight tinidazole what are the different types of asthma inhalers pill rx health silagra products zyprexa generic cost walmart xeloda suppliers overseas cheap lipothin india diclofenac sodium 50 mg price mircette pill acne prednisolone tablets 5mg pill pharmacy buy drugs ortho tri cyclen floxin medication use how to buy combivent in london aciclovir looking for non generic viagra soft augmentin 625 mg tabletta cialis jelly buy canada cheap aricept no prescription exelon auto sales reviews online pharmacy no prescription needed periactin hydrochlorothiazide how to buy buy retin a 0.025 uk cheap does rogaine work 10 pills generic anacin for sale on line hydrea brands india zyrtec d buying restrictions canada drugs cialis professional with prescription furosemide from cyklokapron weight gain brand ampicillin buy amantadine coma emergence generic avalide buy canada yasmin le bon now buy alli online cheap weight loss my astelin coupons buy cialis cheap what does phenergan tablets drug generic drug for diclofenac generic aricept for sale on line where cane i buy viagra finax woldwide shipping frye boots promo code 2012 clindamycin phosphate lotion side effects cheap 5mg cialis clonidine mechanism of action for opiate withdrawal youtube stats checker generic skelaxin news viagra dosage for older men us online pharmacy no prescription actoplus met how long does it take for omnicef to leave your system azithromycin 250 mg 6 pack buy tofranil online india which uk site to buy levitra super active zofran pills picture digoxin ordering no prescription generic form of dramamine diltiazem online forum soft canada discounts generic viagra to buy evecare in uk canadian zyloprim tablet where can i get femara buy clomid 50 mg online zoot z-pack training bag 2011 can you get aspirin order generic benfotiamine what does isoniazid do para que sirve el medicamento ciprofloxacina reviews on effexor for xr for anxiety is there a generic for diclofenac diclofenaco sodico dosis maxima cialis jelly online pay paypal lloyds pharmacy levitra methotrexate not generic viagra sublingual now co uk where to buy nolvadex in uk cheap augmentin 875-125 mg can you buy ceftin in ireland viagra para mujeres como se llama xenical online usa no prescription maximum dose of lamictal for bipolar canadian journal of pharmacy and pharmaceutical sciences buy testosterone cream no prescription vente de alli au quebec purchase inderal lowest price top drugstore lipsticks order buy eurax worldwide pharmacy nitrofurantoin to buy trazodone when will i ovulate after taking clomid where to advair diskus cost of lipitor at walmart coversyl side effects comprehensive view what is kepprage cheapest lamisil once is it against the law to order prescription drugs from canada can i get accutane for mild acne canada prescription drugs viagra bony acai comprar diltiazem and simvastatin 2011 midamor drug schedule sale nitrofurantoin buying medrol generic venlor uk paypal lisinopril cost canadian rxlist tramadol gabapentin high yahoo answers liv 52 dosage instructions alesse low dose online medsource inc liv 52 uk buy can i buy antibiotics for my dog online pharmacy generic effexor xr reviews rumalaya gel mg buy canadian bupropion tablet pharmacy has best price pravachol cialis sublingual online pharmacy uk how to purchase levothroid online zetia no prescription reviews ralista australia price to buy alavert drug prescription cheapest antivert prescription buy micronase online india brand cialis without prescription canada dose of prednisone for dogs with lymphoma puedo usar bactroban estando embarazada can i get high from indocin viagra sublingual cheap price what is singulair for children generic adalat oros canadian reviews on generic propecia allopurinol refills best price for real micardis where tetracycline phone in order for benfotiamine lasix 40 mg picture can you buy proventil hfa canadian dutas order canada lov cost mirapex lipitor 10 mg every other day no rx luvox online how to import biaxin topamax where can i buy it l-tryptophan over the counter buy buspar low cheap price what is haldol amoxicillin 500mg price purchase septilin pills buy lithium online reviews can you order cialis sublingual pet medication online reviews wellbutrin sr for men sale in uk buy metformin in india neurontin reviews for depression cephalexin for dogs generic buy cheap viagra super active india proscar price vpxl buy canada lifta tadalafil canadian differin tablet viagra sin receta farmacias buenos aires ordering how long does levitra last pharmacy online discount pharmacy mitchell buy clonidine greece cost of diovan where to get precose pct purchase prescription drugs online canada sumycin ordering online pharmacy ditropan xl generic name buy flonase no prescription fast delivery sale prometrium most reliable place to buy kamagra gold online cialis 2 5 mg costo geriforte online cheap elavil combination where brahmi bactroban price india side effects of prednisone 10 mg tablets what is the cost of prednisone for dogs zyban with american express motrin medication proventil mail order india online no prescription sale lamisil partnership for healthy weight management where to buy lasix water pills prednisone effects on liver function buy adalat oros high where to purchase alli in canada how to buy furosemide in canada where to buy propranolol online india where can you buy diflucan zocor side effects memory loss generic tetracycline no prescription mexican revatio why has lamisil been discontinued dosis del aciclovir en herpes zoster what is nitroglycerin made out of new depression medication 2012 where to buy seroquel in canada pills advair diskus side effects long term use physician viagra clear lake city texas costco abilify price buying bupropion using paypal crushing plavix tablets what does renagel treat letrozole femara uk generic uk paypal cholestoplex progesterone generic for prometrium fluoxetine 40 mg tablet order levitra 100mg viagra jelly pills drugstore zofran expiration zovirax tablets over the counter australia where can i buy minipress online without a prescription disulfiram-like (antabuse effect) elimite no prescription serophene brands india generic zoloft usa etodolac prescription coupon purchase deltasone cheap where can i get lisinopril pills para que es el flagyl 500 mg purchase toprol xl 100mg best place to order mircette in us increasing libido men prescribed water pills list anxiety treatment natural propecia refills kamatra sutra videos viagra plus generic levitra pharmacy viagra with prescription cost prednisone pharmacies overnight canadian aciclovir from canada buy generic levlen can you get accutane australia dostinex for sale uk pilex mail order india generic amitriptyline ingredients promethazine tablets for sale minocycline differin discounts pil perancang keluarga yasmin best online pharmacy generic unisom how to use citalopram canadian alliance terminals ltd bc plavix 75 mg spc erythromycin eye ointment generic name why has minipress been discontinued cialis super active pill shortage lisonpril without prescription floxin online price glucophage india buy reglan no prescription fast delivery genuine brand levitra best price buy cheap fucidin coversyl 2mg side effects what is the drug amantadine used to treat how much is generic zoloft without insurance online cheap buy accutane without safe viagra buy hytrin drug canadian pharmacy licensed pharmacy buspar drug market order acai diovan from usa shoppers drug mart acai berry products what is dipyridamole levothyroxine tablets buy uk cipro online overnight viagra jelly without prescription medication mentax prix en pharmacie en france ordering isoptin on line tricor suppositories buy can you buy micardis over the counter acquisto allegra sicuro online minocycline drugs interaction small round blue pill v 2531 bupropion hydrochloride extended-release tablets altace canada head office buy generic nitroglycerin furosemide without a script naprosyn 1000 mg side effects how to use clomid after steroid cycle association of faculties of pharmacy of canada (afpc) where does the story of purim take place pharmacie de garde geneve aujourd;hui where can i buy alligator meat in orlando motilium side effects uk imitrex suppositories buy discount tretinoin where can i get cyklokapron pills mentat on line no script como comprar actonel where to buy cheap generic toradol generic viagra soft for sale on line when will alli become available again cheap luvox tofranil for men in usa zixen trimix 44 maximum mirapex dose vardenafil 20 mg buy generic wellbutrin weight gain drug seroquel side effects what is himcocid for cheapest avapro paypal nimotop tablets side effects acai 1000 how to take remeron for sleep over the counter maxalt-mlt cost of sustiva order diflucan no rx anti nausea medication phenergan raloxifene gyno study without a script abana online carafate canada online no prescription order female viagra avodart to purchase without a prescription where do i buy terramycin recommended dose of metformin for weight loss is mail order snovitra super power safe prevacid solutab 15 mg over counter online generic ciplox compare celebrex prices cialis canada head office cardura tablets for sale sildenafil citrate 100mg dosage clozaril mercury drugstore philippines viagra best viagra online australia viagra cost per pill costco price increase paxil pyridium from usa cefixime to buy prevacid solutab available over counter avapro in buy generic 300mg primatene mist for sale para que e' usado propranolol etodolac 400 mg wiki order generic zoloft online no rx procardia online atarax pills cymbalta anxiety side effect online pharmacy rx reviews pharmacy online australia discount legal buy revatio online canada buy generic augmentin how to take yagara mg flomax noscript what is zofran injection used for tadalis sx from usa female viagra to buy tadacip tablets for sale beat way to order acai comprar nootropil online can i make xenical cefixime pharmacy price can you get high off avalide buy tinidazole 5 how long should you wait after eating to take synthroid common side effects of aciphex viagra dependency donde comprar diclofenac gel buy azulfidine online florida zyban information trihexyphenidyl hydrochloride metformin 850 mg tablets diabetes buy lotrisone online safely costco uk online promo code vermox without a prescription from india all types metformin pills prilosec tablets vs capsules comprar abilify original where can you purchase advanced acai cost of trandate adalat online bestellen will flonase cause weight gain mevacor next day medicine buy cholestoplex mg pharmacy what does lasix do for dogs infant dose of children;s motrin rhinathiol cold megfa'za'sra list of tesco stores selling deltasone hyzaar tablets us online orlistat dosage administration buy brand speman diltiazem online pharmacy uk where to buy ginseng in san francisco what are the side effects of bactrim in women 100mg viagra too strong cialis preis tu"rkei buy rocaltrol inhaler canada cost of zofran generic viagra for cheap from canada levothroid side effects uk bupron sr cost canadian why has lopressor been discontinued propecia finasteride long term effects lotrisone overnight view topic cod generic alesse lutera enpresse ventolin to purchase without a prescription buy levaquin cheap florida alligator attacks since 1948 buy prandin mg online fast sustiva deleviery dramamine less drowsy generic buy pain medication online without rx zithromax over the counter uk adalat cc generic equivalent is there a generic form of levitra elavil from usa pharmacy what is the prescription omnicef used for fast seroquel deleviery how to get prograf on line amoxil generico online discount fluoxetine otc steroid psychosis decadron cheap genuine prograf online lotrisone on the internet us online pharmacy no prescription norvasc generic equivalent of estrace cream suppliers of prometrium in us can you get coreg over the counter alli diet aid boots pharmacy placement login prescription meds without prescription imuran order depression pills without prescriptions buying neurontin in manchester how to take vermox suspension buy brand levitra australia reliable viagra online forum order suprax online uk buy florinef for dogs online side effects of trimoxazole how to get prednisone altace hct dose thuoc zestril 10 mg uk version of valtrex what is the medication requip used for can you get ventolin where do i buy vasotec purchase flagyl er cheap where to buy mentats fallout new vegas finax express canada cefixime trihydrate manufacturer in india is premarin horse urine buy floxin from mexico online comprar zithromax original en madrid order accutane overnight shelf life of wellbutrin sr allegra models es confiable himalaya drugs online shopping pletal shop net prednisone treatment for mast cell tumors in dogs prednisone 20 mg and alcohol consumption order metformin online arjuna online order side effects of lamisil generic ventolin shelf life johnson;s nizoral anti dandruff shampoo price in india lisinopril without zyban reviews smoking beta blockers online pharmacy how long does levitra last online pharmacy imitrex can order female cialis canada compare arimidex prices blueberry 100 sildenafil 100mg renagel prescribing information is generic cialis super active effective stieva-a for wrinkles pravachol 20 mg side effects can you buy cialis soft in ireland pharmacy online pill store innopran buy canada buying ditropan for dogs minocycline sold over counter zoloft visa can you buy dramamine canada what is the therapeutic dose of lamictal for bipolar indian pharmacy ortho tri-cyclen wellbutrin uk buy how to use flovent inhaler instructions best place to buy nexium levlen pharmacy online voveran sr 100mg cheap what does rhinocort aqua treat online retin-a ge purchase what is ciprofloxacin 500mg used to treat discover adventure jobs what is omnicef brand tenormin buy all types ponstel pills how to buy alphagan oral zovirax over the counter brand levitra without prescription miami buy glycomet without a script how much is phenergan without insurance pure hoodia gordonii capsules how to get buspar on line zyprexa sales us coreg comprar malegra fxt reviews for men side effects of micardis blood pressure tablets buy moduretic usa what does avalide cymbalta copay discount card plavix cats are there any over the counter asthma inhalers buy amantadine paypal viagra plus sale order prescription online sale of inderal aspirin 100 mg in pregnancy generic advair diskus for sale on line how to purchase dilantin online zyvox australia pharmacy lopid generic release date buy lisinopril astrailia capoten prices cvs where can you buy korean ginseng rogaine 2 buy online ireland generic drug name plavix roxithromycin where to get mexico buy metoclopramide drugs what is cephalexin what is better than viagra punar vivah desi tashan watch all episodes chloroquine without script buy finast perth australia low cost midamor how to buy anacin in london taking thyroid medication to lose weight is there a drug comparative to cefixime over counter viagra alternative gnc viagra plus from europe safe place order viagra lutera generic for alesse birth control pill how to get cialis without a prescription how to get off bystolic what is promethazine 12.5mg tablets cipla pharmaceuticals hyderabad most reliable place to buy tadacip online rogaine 2 roche precio argentina online sale of nitroglycerin generic benicar hct 40 25 mg voveran suppositories buy lasuna order online revista veja on line gratis furosemide dosage for cats what are the side effects of generic synthroid buy canada no prescription for paroxetine actonel online coupon code femara birth control online us buy tadacip tablets online plendil online in usa why has sumycin been discontinued cheap generic zenegra mentat ds syrup from canada maxalt mlt vs maxalt generic pills for torsemide generic malegra dxt cost where can i get ayurslim pills fucidin next day delivery costco leicester recruitment serophene medicine online propranolol generico online current price capoten is it illegal to order generic allopurinol l-tryptophan prices at costco viagra forum hr generic clomid paypal how long does levitra 20 last walmart generic drug list pharmacy how much does neurontin cost on the street how many promethazine pills to get high propranolol on the internet cleocin precio mexico where can i buy prandin in canada janssen cilag switzerland rimonabant side effects dangers buy xenical 120mg capsules donde puedo comprar isoniazid indian generics online geriforte syrup recommended dosage of lamictal for bipolar minipress online order overnight zetia buy dutas no prescription fast delivery where to buy trileptal clomid cycle symptoms acivir pills order on web revatio cheap india pharmacy what are the side effects of antabuse generic arava buy canada trazodone prices usa effects of prednisone after stopping sarafem cost canadian where to buy tamoxifen citrate no prescription generic nolvadex mantras healthy living what happened to allie brosh brand name elavil online buy prinivil paypal side effects of dapoxetine 60mg antabuse online price genuine robaxin 100mg lexapro side effects first week snovitra super power echeck midamor 100mg tablet viagra super active pill shop discount code how much nolvadex should i take for pct cialis super active suppositories buy mail order canadian prescriptions procardia generico online what drug category is aspirin what does lithium do to the body cheap anafranil 40 mg cheap amantadine 100 mg how much will zyvox cost olmesartan side effects hair loss kann man viagra in den usa kaufen buy viagra pfizer online what is duetact for where can i purchase vermox birth control pills lasix antabuse in croatia valtrex dosage cold sores during pregnancy buy mobic 15 mg motrin no prrescription how to buy torsemide flagyl side effects after treatment ranitidine how to buy discount code for carafate flonase nasal spray reviews purinethol next day stromectol 3 mg tablets differin order by phone estrace from luvox rxlist what is prednisolone 5mg tablets used for proscar comprar andorra buy hydrochlorothiazide without a prescription from canadian pharmacy what is the drug class for synthroid buy liposafe with claritin not generic can i buy alli at walmart cheapest acivir pills to buy what is reglan tablets hyzaar pills generic actoplus met usa pharmacy benadryl dose for children gregs discount pharmacy western australia combivent mist canada cutting celexa pills pet medications no prescription needed seroquel delivery uk comprar brand viagra buy procardia online no prescription usa cost of zantac 150 canadian counter order acticin cheap alli uk prescription prograf usa lov cost torsemide innopran birth control online us list of tesco stores selling phenergan etodolac order online mircette comprare can you order vasodilan cheapest place to buy seroflo does viagra does men buy viagra jelly 5 redustat orlistat 120mg colchicine dosage forms 6 mercaptopurine wiki allopurinol price philippines what does real cialis look like buspar pills drugstore buy bystolic online with no prescription much does zovirax ointment cost buy doxycycline online no prescription what cold medicine can i take with wellbutrin norvasc sales 2009 pfizer coop pharmacy 4 u generic effexor xr manufacturers genuine augmentin 100mg luvox online australia arimidex discontinued lipitor 100 tadacip shop buy hydrea new zealand online rx mountainwest apothecary generic liposafe safe donde comprar raiz de ginseng generic cymbalta online is it ok to take cialis everyday finasteride atepros generic calan can you buy order tenormin online prescription where do i valtrex in canada buy diltiazem 5 walgreens viagra substitute donde comprar alli en colombia vermox 20 mg costo diclofenac gel 100 review viagra online express relafen tablets uses buy levitra plus online cheap tretinoin 0,025 from canada generic for amitriptyline where can i buy acivir pills etodolac prices cvs buy kamagra chewable online cheap compare prices rogaine 2 como comprar diovan decadron dosage for brain tumor what is sildenafil citrate 100mg tab cleocin dose for uti is fenofibrate a generic for tricor viagra samples usa cleocin gel online pay paypal pharmacy has best price cialis jelly viagra online from canada canada and styplon periactin pills sweat how to get altace on line nizoral shampoo hair loss where to buy pariet 20 mg no prescription discover finance reviews what does the parietal lobe do when driving a car when will viramune go generic amantadine weight gain what is the generic name for paroxetine order generic trileptal what types of eldepryl are there generic risperdal market ic valacyclovir hcl for cold sores levitra super active sale generic cheap feldene mg buy dilantin online at canada pharmacy
Home Pete Toms LWIB: Blue Jays Ownership, the Minaya / Rubin Imbroglio, Yankees and the NY Supreme Court, Bonding & Citi Field, Sale of the Memphis Redbirds

Like Shoot to Thrill - An AC/DC Tribute on Facebook!

An authentic tribute of AC/DC that covers the best of the Bon Scott era and the best of Brian Johnson's material

Who's Online?

We have 541 guests online

Atom RSS

LWIB: Blue Jays Ownership, the Minaya / Rubin Imbroglio, Yankees and the NY Supreme Court, Bonding & Citi Field, Sale of the Memphis Redbirds PDF Print E-mail
User Rating: / 8
Pete Toms Article Archive
Written by Pete Toms   
Monday, 03 August 2009 00:00

Last Week in Baseball by Pete Toms

This week in LWIB, renewed speculation concerning Rogers Communications Inc. ownership of the Blue Jays, the Minaya / Rubin imbroglio focuses attention on the tangled relationships between teams and media, the Yankees prevail in New York State Supreme Court, will problems at municipal bond insurer Ambac impact the Mets?, and is a sale of the Memphis Redbirds inevitable?


LWIB, Rogers Communications Inc. (RCI) announced that they are anticipating less growth in the coming year than previously anticipated due to the economic recession.  Some company executives, in discussing the state of RCI with analysts and media, made comments which led to renewed speculation in the Toronto media about RCI’s commitment to their baseball franchise (Blue Jays).  From the Canadian Press;

Rogers Communications Inc., says it's committed to the Toronto Blue Jays and that the baseball club's costs can be controlled,....

Speaking during a conference call to discuss the company's quarterly earnings Tuesday, CEO Nadir Mohamed was asked by an analyst about the team's place within the company given its continued financial losses and payroll disparity with its rivals.

“We remain obviously committed to the Blue Jays,” Mohamed said.


Tony Viner, president of Rogers Media, the division responsible for the Blue Jays, said the team's spending is being brought in line with its revenues and that it remains an important part of the company's overall business.

“We believe that the financial performance of the Blue Jays can improve,” he said during the call. “In fact it's the one division of the media company this year, year over year performance is better than it was.

“We think that we can bring costs reasonably under control and more in line with revenues and our revenues are actually increasing in certain parts of the business, so as you know the Jays form an important part of our programming schedule on Rogers Sportsnet which is another division of the company which has done recently well and especially during the recession.”

Jeff Blair interpreted RCI’s statements:

It’s never a good sign when a bottom-line guy like Rogers CEO Nadir Mohamed feels he needs to give ownership of the Toronto Blue Jays a vote of confidence on a conference call with analysts. In fact, it’s never a good sign when any CEO of Rogers is paying any attention at all to the Blue Jays because trust me: nothing good can come of it. Especially when most of the people immediately under Mohamed don’t appear to like talking about the team publicly.


But let’s take this to the max: are the Blue Jays for sale? Rest assured that we’re about to find out. People in the commissioner’s office believed going into the season that this was a club that could find itself on the market, even though one of Ted Rogers’ ever-lasting gifts to this franchise – and this is something that can’t be stressed enough – was that he paid for the team in cash and therefore didn’t saddle it with debt. Rather, there was a concern at the game’s highest levels that the new corporate reality at Rogers meant the team did not fit quite as comfortably with “core business” as it once did.

Yes, Rogers owns the stadium. Yes, they own the sports network which they sometimes seem reluctant to use to market the team and yes there are still some convergence points between Rogers Communications and Rogers Media, the divison under which the Blue Jays operate. But know this: Rogers’ ownership of this team is no longer a given. Are the Blue Jays for sale? My guess is if they aren’t for sale right now, they will be.

In February, The Biz of Baseball reported that if RCI sells the Blue Jays it would be a continuation of the trend of media conglomerates (Disney, Time Warner, News Corp., Tribune Co.) getting out of the business of MLB.  (Liberty Media will soon be added to the list)  RCI owns the RSN which broadcasts three quarters of the Blue Jays games, a cable company which carries their RSN and has a near monopoly in the Blue Jays southern Ontario market, plus a chain of radio stations including the Blue Jays flagship station Fan 590 in Toronto.  Interestingly, the same week that brought renewed rumours of a Blue Jays sale by RCI saw a very similar company – Cablevision – announce that it was spinning off their hockey and basketball teams, plus Madison Square Garden and two RSNs.  Why have these media companies sold off their professional sports teams, and is RCI next in line?  Jon Fine reported for BusinessWeek in February;

In earlier and more expansive times for media—and very good times they were—the industry's moguls fantasized about hitherto unforeseen advantages to be squeezed from all manner of assets. So many snapped up sports teams. News Corp. (NWS) bought the Los Angeles Dodgers. Disney (DIS) grabbed the Anaheim Angels and hockey's Mighty Ducks (unquestionably the only team to pinch its moniker from an Emilio Estevez film). Cablevision (CVC) bought New York's Knicks and Rangers. I could go on. The argument advanced was a variation on the (now wholly discredited) "synergy" theme then taking root: Take your programming. Run it through your distribution. Get richer faster.


But a team is not a content business. It's more like a concert business. "Substantially," says Leo Hindery, managing director of InterMedia Partners (and pal of Tom Daschle), whose bid for the Cubs failed, "it's a butts-in-seats business." And teams come with a host of ungovernables. Being in a league makes you but one voice of many in determining business rules and conditions—a big problem for those who like control. Your stars go crazy off the field, but nowhere near as crazy as the salaries they command. Media companies might—might—scale back movie star pay, but good luck doing so in sports. It has a different talent ecosystem, with built-in scarcity stoked by the blunt measuring tool of the won-lost record. Do you want your most hated rival to sign the guy who can singlehandedly crush your offense, or do you offer more? It's not just winning and losing, you see. It's what the latter does to the bottom line. A franchise's wild ups and downs do not mesh prettily with a public company's demands. You can find top media executives still in the team business who privately concede that it's not worth the trouble.

In May, Tom Van Riper reported for Forbes on rumours that Cablevision wanted out of the professional sports business.

Media giants are discovering that the sports business just isn't worth it. Unpredictability, volatile revenues, high turnover among players and coaches--it all goes against the predictable money flow that a regional cable network enjoys.

Bethpage, N.Y.-based Cablevision ( CVC - news - people ), owner of the NBA Knicks and NHL Rangers, hinted Thursday that it may join the likes of Time Warner ( TWX - news - people ), the TBS parent that sold off the Atlanta Braves in 2007, and News Corp. ( NWS - news - people ), which got rid of the Los Angeles Dodgers in 2004.

"The mindset of running a corporation versus owning a team is different," says Lee Berke, a New York-based sports media consultant. A national or regional network, he notes, is typically valued at 15 to 20 times cash flow, unfettered. Sports teams, less predictable year to year, have a way of messing with that multiple.


The TV-business trend of owning your own team to provide content for your network has been waning for several years now, as momentum shifts toward teams forming their own networks, a la the Yankees and Mets. Otherwise, trying to win games with an unappealing manager, coach or player who doesn't like to toe the corporate line can get tricky. "A network may not like a guy, but getting rid of him may not be what's best for the team," he says. And vice versa.

Daniel Kaplan reported for The SportsBusiness Journal in 2007:

It was only a decade ago that conventional wisdom had it that media companies were going to take over baseball. Media conglomerates had a notable presence in MLB’s team ownership ranks, and the rationale seemed overwhelming: Rather than pay the teams for their media rights, own them instead.

Now, that reasoning has fallen flat....


The teams became lost in large companies and became headaches from both an operational standpoint and from a public relations perspective. No one knows that better than Tribune Co., which was consistently hammered in the local press for its stewardship of the Cubs, which famously have not won a title since 1908.

And from the aforementioned Biz of Baseball report:

The spring '05 edition of the academic journal NINE, included the essay, Whatever happened to synergy? MLB as media product. The essay attempts to explain why the aforementioned media conglomerates (excluding RCI) are no longer owners of MLB franchises. Some of the explanations contain parallels to RCI’s relationship with the Blue Jays.

The general state of the economy strongly affects corporate behavior. The Disney-Angels, News Corp.-Dodgers, and Time Warner-Turner-Braves deals all took place during a robust economy. Although the corporate economy appears to be trending upward again, the slump of the early 2000s is at least partially responsible for the drive to sell teams.

The urge to purge should be expected. Throughout history companies have concentrated resources on their "core" assets in a troubled economy. For example, in the early 1970s, CBS divested such assets as Wurlitzer pianos and, of special concern in this article, the New York Yankees.

The essay also explains how the baseball franchises were of value in establishing RSNs. Once those goals were achieved, the value of the ballclubs to the media conglomerates was diminished. Is there a corollary in RCI’s acquisition of the both the Blue Jays and the RSN “Sportsnet” in 2000 / 2001? Again, from “Whatever happened to synergy? MLB as media product.”

Some of the companies did benefit from team ownership before cashing out. Braves games were key to the development of Time Warner's Turner South RSN.... Similarly on a regional and national level, News Corp.'s FOX network and RSNs continue to be partners of MLB despite selling the Dodgers. In both cases an argument easily can be made that owning a specific team was a short-run means of creating or maintaining a relationship with baseball and not a core asset that needed to be sustained.

Then there are the deals that did not work out. At the time of the Angels purchase, Disney, through its then-new acquisition of ESPN, hoped to create a major southern California RSN, a move precluded by FOX's head start in developing its Fox Sports Nets RSNs there and throughout the nation.

Have the Blue Jays outlived their usefulness to RCI in growing their cable TV business?  Has the utility of professional sports to expand “cable penetration” peaked?  Andrew Flynn reported for the Canadian Press on RCI’s recently announced quarterly results.

Tough economic conditions also took a toll on Rogers' cable TV division, particularly in Ontario where 90 per cent of the sector's market is concentrated. The company reported slowing subscriber growth across the division,...

John Ourand reported for The SportsBusiness Journal in January.

Mark Lazarus was with TNT when it got an eight-game package in the early 1990s. He admits the NFL — and the NBA — helped TNT become a fully distributed network because operators believed that exclusive sports programming helped bring more subscribers to cable.

But Lazarus, who is now president of media and marketing for Career Sports and Entertainment, notes that NFL executives are dealing with a different environment today.

“When you think back to those years — the late 1980s, early 1990s — growth in cable homes every year was 5 to 7 percent,” he said. “We weren’t near the full distribution that we’re at today. Live, high-impact sports helped drive cable penetration.”

That kind of growth doesn’t exist today and operators are looking for other things — like equity or partnerships — to counter a mature subscriber base.

NFL Network President and CEO Steve Bornstein was quoted in the same piece.

“The cable business changed on us. It wasn’t anything that we did,” he said. “They decided that they want to be telephone companies. They are concentrating on delivering high-speed data. They are concentrating on delivering telephones. They are not just video providers anymore …

And will the bleak forecast for Rogers Media (the division of RCI which operates the Blue Jays) force significant reductions in player payroll or possibly a sale of the baseball club?  Again, from Andrew Flynn.

Weak advertising sales also led to a decline in Rogers' media division, where revenue fell to $366 million from $409 million the year before. The division, which operates TV stations, magazines such as Maclean's and Canadian Business, is now expected to see revenues fall between four and 10 per cent this year and operating profits sink 40 to 60 per cent.

LWIB, media reports on RCI’s relationship with the Blue Jays reiterated some of the previously mentioned problems inherent in corporate ownership of professional sports franchises.  Rogers Media President Tony Viner found it necessary to address the media concerning the fate of Blue Jays pitcher Roy Halladay.  Shi Davidi reported for the Canadian Press;

The speculation is threatening such a crisis in confidence for the Blue Jays that one analyst asked during a conference call on the company's quarterly earnings Tuesday if it was worried that ill feeling might affect Rogers' other core businesses.

Jennifer MacMillan reported for the Globe and Mail that the Blue Jays release of pitcher B.J. Ryan was brought to the attention of analysts in RCI’s recent quarterly report.

The disappointing performance of a major league pitcher isn't usually fodder for a company's financial results.

But buried in Tuesday's report from Rogers Communications Inc. were two lines about former Blue Jay B.J. Ryan that caught the eye of analysts for its impact on the cable giant's next quarterly statement.

Joseph MacKay of Desjardins Securities noted that Rogers, which owns the Blue Jays, will take a $15-million (U.S.) charge in its third quarter after releasing Mr. Ryan from his contract earlier this month.

Mr. Ryan's troubles on the field after battling a strained shoulder have translated into a financial hit for Rogers, illustrating how the problems of a marquee figure can affect a company.

Keith McIntyre, president of K.Mac & Associates, a sports marketing consultancy in Burlington, Ont., said teams take a risk when signing promising players to long-term contracts. It's a business move, aimed at building a fan base and a franchise in order to encourage ticket sales and licensing.

But it can backfire when a player hits a slump.

On the same theme, Nat Worden reported for the WSJ on the Cablevision spin off of MSG.

Investors have complained about the Dolans investing cash flows from Cablevision's cable business in MSG's operations, including the newly renovated Beacon Theatre here and athletes' salaries, which have done little to drive returns for shareholders.

The departure of Liberty Media (Atlanta Braves) from the ownership ranks of MLB is a foregone conclusion.  Tribune Co.’s sale of the Cubs to the Ricketts family should soon be concluded.  Will a sale of the Blue Jays by RCI be the end of corporate synergy in MLB?

Select Read More to see details on the Mets, SNY, and The Daily News; the continuing saga of Richard Brodskey vs. the New York Yankees; whether bonds for Citi Field will be downgraded, and; will debt-load force the sale of the Memphis Redbirds




LWIB, the bizarre exchange between Mets GM Omar Minaya and Daily News reporter Adam Rubin during the press conference announcing the dismissal of Tony Bernazard focused attention on the tangled relationship between teams, their RSNs and print reporters.  The Mets are majority owners of their RSN – SNY.  Since 2006, SNY has broadcast the weekday sports talk show Daily News Live, which naturally features sports writers predominantly from the Daily News.  Richard Sandomir reported;

Usually, it isn’t smart strategy to attack the integrity of a reporter covering your team — unless you have a smoking gun, which Minaya did not — especially when it’s a tabloid that loves a fight. But it’s even odder to pick a fight with a reporter working for a newspaper you’re in business with.

Mr. Sandomir explained the structure of the Mets/SNY/Daily News partnership;

It is a simple deal: SNY gets at least two News reporters every day and the paper gets video that first ran on SNY.

The News benefits further by having a half-hour of television exposure every day that other local papers don’t and that it promotes in its pages.

Mr. Sandomir also reports that the partnership between the Mets and the Daily News is hardly unique.

The relationship between the News and SNY puts into contractual terms a long-evolving trend: television loves sportswriters and wants them in its studios.

“The reality is that regional sports networks need content and a talk show like ‘Daily News Live’ is relatively inexpensive and compelling,” said Lee Berke, a television consultant and expert on networks like SNY. He said it was unlikely that the News paid SNY any sponsorship fee. Other sports networks run by Comcast, as SNY is, have nearly identical relationships for shows like “Daily News Live” with The San Francisco Chronicle, The Philadelphia Daily News, The Chicago Tribune and The Washington Post.

“If you’re a newspaper scrambling to retain readership in a tough situation, you can promote yourself and your reporters,” Berke said. “And after what happened on Monday, a lot of people might have picked up the News that normally wouldn’t have.”

While the Mets received credit for not censoring criticism on SNY of Mr. Minaya’s behaviour, the situation did lead Neil Best to examine the convoluted relationships between baseball reporters and the industry they cover.

...trying to disentangle reporters' conflicted professional allegiances these days is more difficult than ever, often leading only to a house of mirrors.

Example: Jon Heyman, who appeared in SNY's studio after Minaya's news conference, works for both Sports Illustrated and MLB Network, as does Tom Verducci, who recently wrote a bestselling book with Joe Torre.

As Verducci said when I asked him about the Torre story, in the end the only thing a modern journalist can do is fall back on his or her integrity, without which we're all really out of business.


Sports history is full of writers-turned-executives, from American League founder Ban Johnson to former baseball commissioner Ford Frick to former Giants GM Ernie Accorsi to dozens of others.

(The world - sports and otherwise - is even more full of former journalists who morphed into paid spokespeople for entities they once covered.)


LWIB, New York Supreme Court Justice John Egan ruled that the New York Yankees do not have to comply with a subpoena issued by the New York State Legislature requesting that the baseball club provide over 1 million emails and a few thousand boxes of documents related to public contributions in the construction of the new Yankee Stadium.  The ruling is at least a temporary victory for the Yankees (and particularly President Randy Levine) in their long, ugly, public battle with State Assemblyman Richard Brodsky.  From Richard Sandomir:

The subpoena was a central part of the contentious exchanges between Assemblyman Richard L. Brodsky and Randy Levine, the Yankees’ president, over more than $1 billion in city-issued, tax-exempt financing for the stadium, and new jobs creation, ticket prices and the appraised value of the stadium’s real estate.

Thom Weidlich reported for Bloomberg:

State Assemblyman Richard Brodsky, a Westchester County Democrat, has accused the team of skirting U.S. tax law, claiming it hasn’t shown an adequate public benefit to justify obtaining low-cost financing through tax-exempt bonds.

He wanted the documents to determine if the team “knew of, caused or participated in the illegal manipulation of property- tax assessments,” whether ticket prices exclude “the vast majority of New Yorkers” from attending the new facility built with the help of tax dollars, and related issues.

Justice Egan ruled that the subpoena was “overly broad” and “Subpoenas should not be used as fishing expeditions,”. However, Justice Egan did not question the usefulness of Mr. Brodsky’s investigation.  From the aforementioned Bloomberg report;

The “propriety” of using tax dollars for stadiums used by privately owned teams “is certainly debatable, and Mr. Brodsky is right to bring this issue to the floor of the legislature for public debate,” Egan wrote. “The Yankees did not invent this practice -- they are merely the latest in a long line of teams to apply for publicly backed financing for new stadiums.”

Justice Egan suggested that Mr. Brodsky should shift the focus of his investigation.  Again from Richard Sandomir:

He added that the more appropriate target of Brodsky’s investigation into public financing of stadiums for privately-owned businesses like the Yankees should be the city and not the team.


LWIB saw reports that nearly $700 million of bonds issued by the New York City Industrial Development Agency to raise financing for the construction of Citi Field may be downgraded due to problems at municipal bond insurer Ambac Assurance Corp.  Karen Brettell reported for Reuters;

Ambac Financial Group's (ABK.N) insurance arm is at high risk of regulatory intervention, which in turn is increasing the likelihood that counterparties to the insurer will need to tear up contracts they hold with the firm at a large loss, Moody's Investors Service said.

Moody's late on Wednesday cut its ratings on Ambac Assurance Corp by five notches to Caa2, eight steps below investment grade and a deeply speculative rating.

The move came after Ambac said on Monday it expects to report around $1.6 billion in mortgage-related losses in the second quarter. For details, see [ID:nN27547188]

"These losses would reduce Ambac's regulatory capital to levels below the required minimum threshold," Moody's said in a statement.

Ambac has been decimated by insurance it sold on risky mortgages via collateralized debt obligations (CDOs) backed by credit default swaps.

"With the risk of regulatory intervention now elevated, Moody's believes there will be increased pressure on Ambac's counterparties to commute outstanding exposures on terms that could imply a distressed exchange," Moody's said.

Jeremy R. Cooke reported for Bloomberg:

Almost $700 million of Queens Ballpark bonds issued through the New York City Industrial Development Agency in 2006 and 2009 were placed on watch for possible reduction from BBB, the second-lowest investment grade, S&P said in a news release.

Ambac Assurance Corp., which provided a surety policy for the 2006 bonds, was reduced to CC, the third-lowest non- investment grade, from BBB by the rating company on July 28. Queens Ballpark bonds issued in 2006 have been under review for downgrade at Moody’s Investors Service since May after Ambac was dropped to high-yield, high-risk junk.

As part of S&P’s review, analysts will consider whether money deposited in the reserve fund is invested in securities with investment-grade ratings and whether that would be sufficient to cover debt service if needed, for instance, during a baseball strike, according to the release.

The debt is ultimately backed by payments in lieu of property taxes, or Pilots, from the Mets.

Karen Pierog reported for Thomson Reuters:

Standard & Poor's downgrade of Ambac Assurance Corp into junk territory on Tuesday began to take a toll on Thursday on municipal debt backed by the ailing insurer.

S&P, which cut Ambac a full 11 notches to CC, said on Thursday that the downgrade could constitute an event of default under terms of standby bond purchase agreements related to Ambac-supported variable-rate demand obligations. That in turn could lead to the termination of the agreements by their providers, the rating agency said.


The rating agency also warned it may downgrade the BBB rating on $695 million of bonds issued by the New York City Industrial Development Agency for a new ballpark for Major League Baseball's New York Mets due to its downgrade of Ambac. The insurer supplies surety policies for the bonds' debt service reserve funds.


Last month The Biz of Baseball reported that the PCL’s AAA Memphis Redbirds are now managed by Global Spectrum, part of Comcast Spectator.  The change in management arose from the failure of the Redbirds owners to make a $1.625 million payment on bonds sold to finance the construction of AutoZone Park.  LWIB, Will Lingo of Baseball America speculated that a sale of the Redbirds is inevitable.

The Redbirds have been one of the minor leagues' flagship franchises since joining the Pacific Coast League in 1998. For their first few seasons they battled the Sacramento River Cats for minor league attendance supremacy, and while they eventually surrendered that battle, AutoZone Park remains unchallenged as the gem of minor league ballparks.

Unfortunately it also remains unchallenged as the most expensive minor league ballpark, more than a decade after its completion. And this is where the complicated part comes in. The Redbirds are owned by the non-profit Memphis Redbirds Foundation, which also owns the ballpark. The franchise was operated by an entity called Blues City Baseball, which was run by team founder Dean Jernigan, a local Memphis businessman.

Blues City Baseball had a contract to run the team for $1 a year, and it took any profits from the team and gave them to the foundation, which used the money to pay for sports programs for children that might not otherwise have them.

Then throw into the mix the various entities that hold the $72 million in bonds used to build the ballpark. While they don't technically have a management role in the franchise, when things go bad the bondholders become the most influential group in determining the direction of the franchise.

And things have gone bad in Memphis.


The bondholders are still owed an estimated $55 million-$60 million, and the Redbirds have been heading in this direction for some time. But I still don't see a way out of this situation without someone losing an awful lot of money. The franchise's debt service is estimated at more than $5.5 million a year. It was able to make those payments when attendance was at its peak and times were better, but now it seems like a virtual impossibility.

Eventually, the answer seems to be that the franchise and ballpark will have to be sold, so the bondholders can recoup as much of their money as possible. There are buyers who have been interested in the Redbirds—the Cardinals went through extended negotiations to buy the team last year before eventually walking away when the economy went sour—but what's the best case for a purchase price? Whatever your most optimistic prediction, it would seem that anything more than half of the current debt would be a coup.

Global Spectrum probably isn't the future for the Redbirds. Rather, the company will be an intermediary to take an up-close look at the franchise and analyze its value for the bondholders, preparing the franchise to be sold. When that happens, the Redbirds will likely have a much more traditional structure; it also means the franchise's once-grand vision will never be realized.

LWIB will return August 17.



Should MLB Force Jeffery Loria to Sell the Marlins?