where to buy aviane 28 with visa online bupropionum with no prescription elavil for pain side effects what does sepibest sinequan tablets side effects zyban drug oversea buy fasigyn no prescription can you get prednisolone oristal lawsuit canada top drugstore primers lowest price zaditor feldene non perscription countries buy arava online no prescription buy colchicina online canada what is saw palmetto called in hindi desyrel over the counter usa duphalac generic equivalent legal to buy fluoxetine coupons for topamax medication buy benicar tablets usa brand baridium buy vagifem from canada without rx sepibest sublingual dosage recommended dosage for pamelor over the counter c ratioph best place to buy microzide without a prescription nfl toradol lawsuit best site to buy estrofem aristocort price india donde comprar kamagra en madrid estrofem online forum thyroid medication no prescription cabaser buy australia usa buy rogaine 5 without prescription best place to buy ciplox without a prescription vardenafil hcl 20mg medication doxi 1 online without rx can indocin cause weight gain tizanidina next day delivery albendazole discontinued elavil legal us best place to buy cytotec in india prednisona online canada generic trental buy canada my glyset coupons tricor generic usa why has yasmin been discontinued purchasing apo furosemida online uk cheap elavil no prescription phone in order for aciphex moduretic canada drug store how long does lexapro withdrawal last yahoo answers vpxl medication side effects purchase disulfiramum online no prescription where can i purchase meloxicam enolat zofran usage acheter calandre audi s5 where do i celebrex in australia order coumadin online in usa tegretol side effects rash nitroglycerin online no prescription zyvox cash price elocom cream 0.1 prednisolone dose in acute asthma purchase brand amoxil on line in australia buy grifulvin v online with out prescription liv order canadian plavix price astelin best price purchase pulmicort on line in the uk where to buy albenza online usa purchase eurax cheap what is entocort cr over the counter medicine that acts as alavert is it safe to order decadron como conseguir viagra en chile where is femara manufacturer where was aspirin first discovered pharmacy has best price protonix buy hyzaar cheap januvia for sale australia where do i buy acai berry in australia buy seroflo 15mg online best site for seroflo order leukeran on line canada buy generic brand amoxil online with prescription safe to buy generic vermox from usa cleocin gel without a prescription from us better than diakof best place to buy nizagara in mexico what is arimidex prescribed for actoplus met overnight pharmacy pil perancang yasmin 2012 buy emsam in australia avalide online pharmacy shipped to canada buy tetracycline online no prescription uk discount diprosone mg buy cozaar in india online code red 7 seconds pill does it work i want to buy kamagra chewable where to buy delta cortef ointment order viagra jelly online no prescription with a visa order dutasterid online no prescription with a mastercard ranitidine online in usa what is betneval lotion used for diclofenac side effects drowsiness prednisone pct buy betamethasone tablets dose buy zoloft online thru paypals to buy nolvadex side effects of taking too much zantac 150 antivert cod saturday delivery cheap discount allegra d canadian pharmacy ordering lozol on line do i need a prescription to buy cialis in canada where do i depakine chrono in india reviews for generic cialis how much will tadalis sx cost fluoxetine dose wellbutrin sr cost canadian trileptal no prescription needed canadian online pharmacy where do i tadapox in australia tamoxifen trusted online drug stores in canada zebeta uk no prescription disulfiramo online from india allegra without script low price medrol dosepak uk buy cheap allopurinol online dulcolax spain order levoxyl rx motrin pm prices clincin daily use reviews lisinopril generic alternative where can i buy obelit tamoxifen overseas triamterene india suppliers salbumol canada overnight delivery antara discount voucher fasigyne cheap australia pharmacy malegra dxt us companies only ventolin side effects in toddlers malegra fxt with american express arava cheap uk buspar generic uk buy valtrex online mexico non generic glucotrol xl no prescription needed.com retin a order canada suppliers of vardenafilum in us best drugstore mascara for length and volume 2012 finax online order cabaser next day delivery tretinoin 0 05 with paypal payment dulcolax prices at costco voltaren online forum order renagel no rx canadian pharmacy purchase tinidazolum in usa aldactone online without rx buy venlor 20 bactrim legal us doxycycline pills online in the india riperdal brand positioning glyset prescription only phenamax no prescription needed canadian crestor rosuvastatin over the counter medicine that acts as cozaar is there a generic for zovirax generic substitute for advair diskus buy diclofenac online without a prescription arava generico online genuine keppra best price over the counter medicine dyazide dostinex online pharmacy shipped to canada how to use korean red ginseng root overnight generic online prescription amitriptyline how to take maxalt wafer safe to buy generic floxin from uk getting viagra in singapore best place to buy lansoprazol in india silagra prices at costco citalopram compared to prozac raloxifeno for sale philippines tizanidinum over the counter australia generic pletal for sale on line cobra120 discount remeron buy fluticanose boots pharmacy is generic brand levitra available in usa buy meclizine online reviews xeloda reviews for men purchase cialis jelly in uk cleocin to buy from europe is mail order baridium safe what does vermox nitroglycerin online with out prescription online pharmacy uk caffeine ergotamine retin a online mexico finpecia cheap price buy generic cialis india rx bactroban on line in the india all types atrovent pills best place to buy janumet in usa golden root complex blue pill review brand cialis soft for sale flonase shoppers drug mart cefixime drug class buy orlistatum online reviews diclofenac gel online usa no prescription flagyl dosage what is the mechanism of action for coumadin how to buy leukeran in canada quickest cleocin buy imitrex without a script where to buy olistat drugs online order actonel from australia without prescription buy alli online without prescription what is amlodipin made of alesse noprescrition needed uk online pharmacy does code red 7 pill work snovitra super power new zealand antivert without a prescription from mexico best vytorin prices doxycycline hyclate capsules vs tablets himcocid max dose where can i buy lamisil cream in canada gasex himalaya product clotrimazole hydrocortisone generic uk paypal pulmicort how to buy lotrisone in canada sinequan results forum brand viagra on line in the canada minoxidil direct complaints online estro with no prescription is it illegal to order generic lisinopril coupons for differin gel 0.3 order celapram without rx atomoxetin on line in the mexico albuterol inhalers no prescription needed pilule alli pas cher where can i get accutane purchase venlafaxina on line in usa health canada anastrozolo sepibest buy no prescription generic diamox sales cialis super active from uk brand amoxil price tetracycline pill shortage dostinex drug in uk pharmacy how to order gabapentine online order aripiprazola no rx canadian pharmacy american janumet over the counter zedd oristal drug in germany pharmacy online pharmacy compazine buy zanaflex pills in the india canada and frusemide aleve order online plavix costco price ayurslim in the uk now is generic fluoxetina effective where can i get sarafem liquid purinethol review celadrin generic india what percent of people gain weight on seroquel what is lansoprazole 30 mg used for order oracea from australia without prescription levlen online without prescription coupons for requip medication viagra tablets uk stromectol generic uk how to take omeprazole capsules get pills without prescriptions best site to buy danazol tadalis sx where can i buy coversyl discount kamagra mastercard uk amoxil buy canada astelin discount no prescription viagra para mujeres venta en argentina how to buy dramamine in canada where to buy calan with visa motrin precio mexico order clopidogrelum online uk lipitor atorvastatin 10mg orlistato shelf life avapro pharmacy prices cleocin gel brand positioning how to order ortho cyclen proscar side effects lawsuit silagra discount no prescription purchase doxycycline canada lady era online usa buy noroxin online amazon fastest delta cortef uk delivery differin echeck ondansetron in pregnancy dosage cheap levlen pills voveran plus tablets does the pill levlen cause weight gain price of benzac ac in india colleges study pharmacy ireland order generic hydrodiuril buy minipress online uk no prescription strattera online no prescription zestoretic lawsuit settlements where can i buy clomid uk penegra pill shortage what is considered a high dose of prednisone in dogs lisinopril combination tablet himcocid without insurance no perscription trazadone 100mg buy aciclovir online in usa suhagra no script cystone medication side effects can a gp prescribe accutane australia levitra pharmacy coupons where to buy flagyl online mexico pet medication online review effexor xr with prescription caverta online pharmacy uk pfizer celebrex sales most reliable place to buy betapace online best place to buy clincin in canada generic uk paypal antara florida trial erection packs 1 how long does it take for bupropion sr to start working jia yi jian side effects ashwagandha uses medication where cafergot cheap per pill buy amoxil buy accutane uk online allegra discount no prescription where to buy calan with amex what does minocin look like is generic lexapro as effective as name brand 2. list the manufacturers of ranitidine capsules and the strengths available requip mexico companies only buy dyazide with no script how to buy viagra jelly online penis after viagra ephedraxin order in the us colospa delivery london diovan drugs online buy zofran tablets india buy trazodone online no prescription usa viagra shop in dublin alphagan over counter uk triamterene australia pharmacy use bentyl coupon online buy coumadin xr without prescription zestril from mexico taking lasix without potassium acheter retin a gel 0 1 aspirin next day shipping without a script 15mg buy generic actos how to by robaxin online order generic rogaine 2 long time side effects ginette 35 serophene 100mg side effects top 10 online prilosec sites what is the correct dosage of tofranil xalatan price canada is it illegal to order generic desyrel floxin medicine online brand amoxil pills sweat can you buy lasilix over the counter in germany buy quibron t capsules what is levitra drug generic viagra uk buy nystatin and triamcinolone acetonide cream vulva where to get mometasona pct amitriptyline over the counter purchase norvasc lowest price buy suhagra online mexico no prescription canadian drug company fucidin salvent buy online us us pharmacies online that sell pulmicort online sale of meclizine advair coupon $50 azurette daily use reviews buy online leukeran generic can i buy betnovate over the counter no script meds online orlistato over the counter canada long time side effects albenda will clonidine cause weight gain flagyl er over counter cheapest finasteride buy diprosone boots pharmacy como comprar prevacid adderall xr buy zyloprim allopurinol 300 mg order brand levitra without prescription eltroxin 25mcg india trandate discontinued aciclovir canadian pharmacy best price for real chloromycetin buy clonodine from an online pharmacy no script needed zetia coupon card aceon order online no prescription buy online ireland order kamagra toprol xl comprar legal online trial erection packs 2 predalone uk online tenormin online in uk tramadol paracetamol rxlist buy cilest online aap ki adalat wiki med cab zocor dilantin medication on line vagifem fast mexico what is fml forte tablets buy cefixime generic buy endep pills in the us salbutamol over the counter drugs top 10 online nitrofurantoin sites buy celexa perth australia order predalone no rx canadian pharmacy allie brosh reddit trial erection packs 3 purchase buy cardura pills online new diet pill alli side effects dramamine mail order india seroquel xr maximum dose levaquin comprare kgr100 where can i buy viagra online forum can you get high on phenergan tretinoin 0 05 canadian source cialis super active mexico companies only isoniazid medication side effects brand name inderal online accutane low dose 20mg buy skelaxin online with mastercard drugs similar to trental cephalexin 500mg in india beta val for sale australia acheter du cialis en suisse provera from china isoniazid brand positioning erythromycin buy canada pharmaceutical sales jobs bristol buy albendazole hong kong ceftin buy canada buy oristal online from usa benzoyl metronidazole wiki anteovin in croatia buying vagifem using paypal what is almetec used for carafate online india buying accutane using paypal buy tegretol usa lopid over the counter canada rumalaya gel reviews pharmacy buy drugs artane comprar differin portugal l thyroxine to buy albuterol uk sale mentat ds syrup price india cheap zebeta uk revia without a prescription from canada vasotec without a prescription from india purchase aloprim in mexico can buy ventolin over counter australia where can you buy clomid online januvia side effects pancreatitis order grifulvin v on line india over the counter medicine that acts as allopurinol order flovent tablets can you buy prescription valtrex without what does amitriptyline do to the body permethrinum no prescription accuran over the counter uk mexican pharmacy no prescription zenegra zoloft ingredients roxithromycin buy online us calan prix en pharmacie en france discount benzac advair uk brand name where to zanaflex where do i get viagra in australia resources for trimox buy atomoxetin in singapore best place to buy cialis online without prescription buy warafin online cheap how to order voveran sr online erection packs 1 fda approved to buy without prescription topamax dosage for bipolar disorder ordering differin uk tamsulozin where can i buy it buying proscar in manchester all natural viagra replacement online zenegra purchase reglan generic name can you buy adalat cc prescription blue pill dp fgr 100 what is salbumol mg used to treat daiichi sankyo benicar coupons citalopram 50mg tablets ordering thyroxine usa purchase prozac on line in india arthrotec 75 maximum dosage novartis voltaren gel shortage cleocin lotion reviews best place to buy rythmol sr online where do i tricor in australia buy imodium with visa order allopurinol from india without prescription best place to buy danazol protonix prescriptions aldactone tablets uses flovent pharmacy buy emsam online pharmacy simvastatin dose sizes does virgin atlantic drug test viagra 100mg street price buy cheap ranitidine aviane 28 drug in mexico pharmacy fast motrin delivery buy ephedraxin online no prescription us clozaril cheap australia pharmacy quetiapinum dosage too high non prescription paroxetine pharmacy where to buy bupron in canada safely promethazine over the counter equivalent zofran dissolvable tabs purchase tretinoin in australia l thyroxine for men sale in uk how to buy yasmin online erythromycin tablets price canada drugs motilium with prescription lopid without a prescription from canada brafix ordering online pharmacy cefadroxil uses and side effects alfa flucon fast mexico cheap abilify 5mg drug what drug category is brafix retino a cream 0,05 discount colchicine 10 mg generic feldene paypal oratane with prescription atorvastatin patent expiry date revia generic reviews cost of fucidin without insurance i want to pay some eldepryl legal buy ginette 35 online canada prevacid dosage and administration delta cortef online usa no prescription low cost pyridium when does plavix go generic in usa atacand birth control online india viagra online pharmacy pharmacists buy citalopram 5 where can i get beconase aq pills best place to buy mentax online levitra plus pills buy ortho tri cyclen uses medication cheap genuine suprax online isoniazid pharmacies where can i buy viagra otc drug market order levaquin warafin not generic prinivil where can i buy it vegetal viagra over the counter medicine oracea what does almetec accutane in usa banned stats canada unemployment rate synthroid medication pregnancy desyrel no prescription fedex ups legal buy lipitor online canada lamisil online viagra no prescriptions needed buy delta cortef online without a prescription what is kamagra buy tulasi boots liquid retin a review how to buy generic proscar order nizagara online prednisone pills buy online forum online cheap aristocort lotrisone dosage where to buy diarex with mastercard mutabon acquisto betnovate n cream side effects cheap celebrex is it illegal to order generic tinidazolum where do i buy mircette where can i puchase robaxin where to purchase delta cortef comprar hydrea original rocaltrol calcitriol 0.25 propecia without prescription buy brand viagra with e check avalide mg no prescription generic allopurinol prescription brand name buy toprol xl inhaler canada cheap uk fexofenadine allegra mg viagra soft buy usa zyloprim cheap uk how to buy warafin where to find viagra trental over the couter salbutamol to buy in the usa without a prescription where to buy abilify for cheap antipsychotic can i order arava online buy brand amoxil xr without prescription roxithromycin cheap uk cheap genuine chloromycetin online to buy clopidogrelum in uk buy venlor from india when to start taking clomid after period seroquel tablets uses femara to buy in england ivenox drug class is clonidine legal in uk warafin online usa original cymbalta online how to order brand cialis fluoxetine medication guide buy erythromycin bulk moduretic delivered to your home india drug amantadine hcl actonel in usa buy alfa flucon new zealand online buy effexor xr perth australia viagra soft online from india no rx seroflo online kamagra fast reviews does prevacid work better than zantac order metoclopramide on line mexico can you get rumalaya liniment metronidazol prices usa prevacid fast uk endep for nerve pain purchase generic emsam aldactone pill shortage salbumol online forum ambien dosage prednisone on line no script remeron price walmart can you get hoodia over the counter birth control pills emsam panax ginseng and birth control pills atorvastatin side effects memory loss how much will disulfiramum cost what drug category is aloprim metformin on canadian pharmacy website zentel generico italiano generic pills for styplon levitra side effects vision buy malegra fxt 200 ciprobay antibiotics orlistato from uk buy plendil online amazon zyloprim 100mg buy what is zithromax z pak 250 mg oder mg tablets of baridium purchase retino a cream 0 05 side effects of taking valtrex while pregnant medicine xenical capsules flucazole pills online in the australia tegretol reviews for trigeminal neuralgia do i need a prescription for microzide buy vermox mexican pharmacies motilium drug in uk pharmacy no prescription needed kamagra purchase duprost perth australia wild american ginseng tea tantra oral jelly can you get messed up on trazodone buspar canada head office medicine crestor rosuvastatin ciprofloxacina prospecto reglan cheap us pharmacy kamagra oral jelly 50mg sale where can i buy thyroxin tablets order trental lowest price diamox shopping celebrex trusted online drug stores in canada celebrex 100 mg celecoxib where can you buy cefixime med cab glucovance mail order lasix online seroquel rx what is doxycycline 100mg for buy aricept patch best non prescription pharmacy reviews elimite cream buy propecia boots pharmacy diflucan ordering online pharmacy canada pharmacies online that sell tamsulozin plavix medication on line where do i shallaki in usa lamisil tablets 250 mg side effects list of tesco stores selling epivir hbv buy depakine chrono online without prescription buy elocon with paypal buy brand viagra with visa seroquel without a perscription novartis tegretol shortage hyzaar lawsuit free alavert coupons hydrochlorothiazide order on line silagra generic canada effexor xr overdose symptoms where to buy zithromax with mastercard is it illegal to order generic meloxicam enolat brand roaccutane buy drugs similar to cialis professional healthy weight management plan hcg effexor xr side effects uk zerit brands india buy trandate 40 canadian pharmacy online duphalac aricept visado de inspeccion day of ovulation on clomid nexium buy no prescription diprolene to purchase without a prescription us pharmacies online that sell bisoprololi fumaras flovent australia companies only vermox australia online styplon spain keppra 100mg cheep buspar non perscription countries l thyroxine without prescription medication buy nexium mg online over the counter nitroglycerin ointment blopress online cheap where can you get minocycline cheap zoloft prescription ceftin prices cvs price xenical ireland free or low cost nitroglycerin abana generic canada herbal ed pills fucidin tablets 250 mg can you buy sildenafil citrate betapace mg price cialis super active express canada doxazosin phone orders levaquin complications buy toradol next day buying flunil in manchester buy claritin hong kong internet 10mg can i drink alcohol with motilium order bactroban ointment research grade hyaluronic acid maxaman price buy generic strattera with bonus cialis 2.5 mg daily use canada buy ditropan without prescription meclizine online legally rumalaya forte price in india can you inject clonidine pills lexapro from cymbalta cheap canadian tizanidinum no prescription best place buy nitrofurantoin coolock artane credit union opening hours generic cialis no prescription cheapest price amlodipine without prescription female viagra online meds where to buy erexor drugs online order obelit pills when will seroquel be available in generic form buy over the counter brand cialis online can lamisil be used in the groin area order tretinoin from usa without prescription buy baclofen have no prescription buy clomid greece shuddha guggulu brand positioning metoclopramide over counter drug what does a generic zyrtec pill look like nootropil buy online mexico what is clomid used for in men order gyne lotrimin online generic lexapro cost unisom side effects diarrhea nolvadex online pharmacies with out prescription valtrex dosage first outbreak buy unisom sleepgels softgels buy tenormin online with no prescription what class of drugs is augmentin bystolic cheap uk pharmacy buy retino a cream 0,05 mexican pharmacies brand seasonique buy frumil buy online us buy risperdal online from uk buy flagyl online no prescription us why has zyloprim been discontinued maximum aspirin dosage for dogs skin cream betnovate c over the counter drugs similar to caffeine ergotamine estradiol vaginal cream without a prescription buy dieuritics when is vytorin going generic brand amoxil without prescription medication can you drink alcohol while on chlamydia medication bonnispaz meds no prescripion liv 52 discount no prescription how to buy viagra in canada with no prescription clomid cycle length pct cefadroxil billig kaufen prometrium mg usa where can i get toradol malegra dxt no script prednisolona medicine children american azurette where is the best place to buy valtrex online generic erection packs 3 india extendaquin online in uk buy key pred xr without prescription prograf tablets for sale tulasi for men in usa over counter mevacor buy frusemide online no prescription us how to get adderall online revatio online pharmacy uk buy clomiphene citrate online buy aristocort singapore buy viagra plus online in usa rosuvastatin canada pharmacy order oratane pills phenamax no prescription canada online sale of depakote flagyl drug in canada pharmacy can you get lansoprazol canada and duphalac amaryl drug canadian pharmacy can i send medicine by mail to usa hydrochlorothiazide online in canada best price tamoxifen buy atorlip 5 with paypal cvs pharmacy la canada ca buy skelaxin in usa buy quibron t online from mexico what is a good drugstore makeup med cab trimox buy cytoxan online overnight ordering salbumol on line donde comprar propecia argentina i pill premarin website lukol buy canada side effects of mircette pill lipitor no prescription cheap price generic skelaxin pricing can you buy lopressor mg prescription predalone order by phone buy vigraus today sertralina delivery what is trazodone hcl 150 mg nitroglycerin class of drugs buy ampicilina mg online for forum order claritin online best asthma inhalers for children order generic fasigyne buy zitromax low cheap price vpxl tablets buy canadian health care mall phone number best place to buy glucophage without a prescription what is retino a cream drugs alli medication information buy stediril online overnight purchase compazine online no prescription evista buy australia diarex on line in the canada buy ponstel tablets australia suppliers of amlodipin in us viagra 5mg tablets proscar medication dose tramadol dosage high bystolic dosage information zyloprim no prescription needed how to take retino a cream mg best place buy lady era pct acai to buy in the uk without a prescription rythmol sr pills online in the india my demadex coupons can you get pregnant on bactrim procardia echeck best place to buy acticin in usa snovitra super power drug canadian pharmacy minipress shopping buy cialis toronto emsam without insurance buy orlistar tablets usa top 10 online haldol sites flagyl buy online ireland buy generic pilex online no prescription trileptal over the counter canada raciper generic mexico retino a cream 0,025 tablets side effects zyrtec on line no script pharmacy has best price atorlip 20 cialis professional suppositories buy lozol canada drug store purchase dapoxetine cheap generic priligy what is vytorin medicine oestrogel buy online us levitra plus india lasilix pills sweat purchase metformin online without prescription buy zyprexa online with no prescription where can i buy vasotec mg clomifene without script cheap name brand cialis atacand prescriptions ophthacare on line no script effexor xr 150mg generic fluoxetina reviews lowest priced eurax no prescription cialis sublingual purchase seroquel online no prescription buy mentat ds syrup perth australia lotrisone generic brand non prescription cozaar pharmacy capoten best online non prescription pharmacy xeloda spain over counter pilex best price uk pharmicist prednislone voveran results forum purchase cymbalta mg cheap colchicine online chloromycetin buy online india over counter zestoretic where to buy cheap generic lipitor flomax pill shop discount code arjuna online mexico telmisartan and amlodipine besylate tablets resources for hyzaar kartela grafike dhe kartela e zerit asacol rx furosemide delivery uk cheap elavil mg order buy ceftin prescription compare prices alli celebrex 200 mg precio mexico diarex online in uk how can i get synthroid for free canadian family physician classifieds buy etodolac canada escrowrefills.com citalopram pills 20 mg what types of baridium are there lexapro vs. generic citalopram elavil to buy in england erection packs 3 no rx us pharmacies online that sell benadryl rimadyl 20mg palatable tablets viagra on line in the mexico does cialis come in capsules ortho tri cyclen canada companies only capoten where can i buy it finpecia sale from canadian company us pills pharmacy canadian drug company feldene american terramycin what is the best liquid foundation for dry skin zebeta medication where to buy long time side effects alfa flucon isotretinoin accutane pain meds online forum deltasone fda approved to buy without prescription sale buy lasix online pharmacy cilest on line in the uk generic ed pills online generic raciper us predalone sublingual dosage moduretic order on web thyrox discount no prescription januvia price in egypt cabgolin prescription only how to order medicine from canada cipro drug in usa pharmacy over the counter medicine premarin kamagra uk mastercard seroquel generic release date prozac usa where to buy lopid ointment paxil drugstore flucazole perth australia buy cordarone from india montelukast asthma prescription silagra cheap ampicillin 40 mg asthma treatment uk cheap canadian cordarone no prescription best online pharmacy generic evecare topamax medication assistance program safe to buy generic nizoral from uk tretinoin 0,05 mg india arava online usa no prescription abilify canada pharmacy western drug xalatan zestoretic for sale uk flonase spray for post nasal drip fast ashwagandha deleviery confido to buy in the uk without a prescription hyaluronic acid now co uk adalat hindi serial sony tv medications to avoid while on coumadin prozac uk no prescription how long to take allopurinol procardia in the uk how to purchase diovan generic claritin safe overseas pharmacy no prescription zedd how to get ginseng in australia generic allegra d 24 hr where to buy lamisil in canada where was the celebrex commercial filmed buy tretinoin cream 0.025 uk reviews on yasmin 28 buy tramadol online no prescription overnight cod isordil price order atacand online no prescription with a echeck can you take aviane 28 daily flomax pas cher italie finasteride cost ireland elimite drugs prescription permethrin side effects of claritin d 12 accuran for dogs buy buy canada no prescription for baclofen can you buy permethrin cream over counter uk ordering prazosin long term effects of accutane pregnancy abilify pills sizes ordering snovitra super power canada revia without a prescription from australia danner boots promo code 2012 non prescription pharmacies amlodipinbesilat next day delivery american flomax sumycin no prescription needed brafix no prescription needed can you buy rocaltrol mcg cheap long time side effects caffeine ergotamine renagel online overnight shipping obelit fast usa allegra cole foundation clomifene canada online no prescription all types glucotrol pills cloridrato sertralina 50 mg emagrece minomycin on line in the usa naprosyn buy toprol perth australia online canada pharmacy discount gabapentine order online acai delivery sao carlos colospa from china eurax in italia buy lanoxin overseas side effects of aleve in dogs orlistato india companies only clavamox shelf life buy lukol online uk buy viagra canada legally spain viagra over the counter order arimidex 1 mg where can i buy caverta in canada levothroid drug schedule mexican pharmacy no prescription diflucan valacyclovir 500 mg dosage for cold sores buy generic haldol online with prescription zedd generic uk toradol cheapest rate generic eltroxin india viagra ireland price generic capoten india sustiva dosage too high atorlip 10 pharmacy prices list maxalt discounts codes unicure remedies pvt ltd f 25 industrial estate baroda lincocin dosage for dogs what drug category is amoxiline no script pravachol mg zestril cost in canada diabecon not generic flagyl er to buy from europe premarin mg usa avodart pills drugstore can you buy stediril bentyl pills online in the mexico order tinidazolum online buy online salbutamol generic order allopurinol generic brand levitra side effects uk etodolac with prescription astelin retail price what is hydrochlorothiazide prescribed for where to buy frumil mg asacol mexico no prescription where to purchase cordarone ortho tri cyclen online pharmacy uk if a typical aspirin tablet contains 325 mg aspirin where do i buy trimox calan medication used amoxicillin 500mg ear infection prednisona 20 mg vademecum depakine chrono cheap canada pharmacy buy lisinopril 20mg tablets buy avodart inhaler canada ginette 35 online in canada order non generic pravachol buy diltiazem ointment cialis daily use side effects treatment lopressor india suppliers buy metoclopramide without order isoptin overnight aciphex without food reviews on evista combivent buy india alli cheap mexico pharmacy best site get doxycycline sinequan cost per month sumycin canada no prescription hydrodiuril online in usa inhouse drugstore fake health canada aldactone us online pharmacy no prescription motrin betnovate from usa pharmacy buy cialis super active mg online for uk buy moduretic without prescription proventil canada online no prescription purchase wellbutrin on line in australia periactin online pharmacy uk best place to buy ceftin in mexico normal dose of lanoxin buy nitrofurantoin bulk wellbutrin australia pharmacy cheap isotretin what is the generic name for wellbutrin cheap haldol pills generic zenegra no prescription buy over the counter acticin online buy tofranil usa medrol dosepak cheap australia pharmacy alphagan sale brimonidine prescription lisinopril and hydrochlorothiazide dosage ordering motilium india donde comprar sildenafil sin receta argentina unisom without prescrip atarax 25 mg uses chesp viagra overnight delivery buy nolvadex research purposes what are some types of blood pressure medication over counter prednisolona maxalt for men in usa haldol online bestellen buy depakine chrono mg online purchase biaxin aciclovir where to buy in canada aviane 28 tablets online elocon limited india l thyroxine brand positioning famvir prices us metronidazole online in us carbozyne purchase trial erection packs 2 medication on line unisom fast mexico how long does levlen ed take to work what is the dosage for hyaluronic acid comprar fml forte portugal zocor sales 2008 can we trust carvedilolo online what drug category is probalan tacrolimus prograf generic is mail order retin a 0,05 safe premarin cream prices urispas uk brand name ordering azitromicina usa cheap tretinoin 0,025 sale uk actoplus met coupon tretinoin 0,05 without script buy zestril online australia no prescription lotensin online purchase buy amlodipinbesilat online canada rumalaya or generic himcocid online ordering minipress purchase zertalin medicine online how to buy lotrel buy aleve pills in the india where can i get viagra soft cyklokapron uk next day delivery finpecia with prescription sex pill for men and women cefixime without rx generic arimidex paypal doxycycl hyc cap 100mg acne cordarone uk next day delivery pharmacy has best price serpina where can i get some cialis soft dulcolax over counter drug generic lasilix safe hydrodiuril medication side effects comprar kamagra en sobres order klipal codeine online no prescription with a echeck rxlist cymbalta drug orlistato on line in the india buy amytriplitine tablets effexor xr canada lincocin online overnight shipping where can i buy alli weight loss pills in ireland buy suprax pills online buy generic remeron where to buy finpecia online prescription phenergan 100mg cheep zovirax pump reviews purchase medrol on line in india no prescription cialis generic viagra in malta cozaar comp spc canada and trandate paroxetine drugs for sale generic lipitor availability 2012 vitamin b12 deficiency erectile dysfunction alesse without a prescription from canada viagra plus online from india low price orlistato uk buy hytrin uk what is the generic form of toprol xl geriforte syrup order on web order aciphex online with visa viagra super active uk pharmacy buy amitriptyline tablets drugs pomegranate juice concentrate buyer innopran xl mg no prescription ampicillin compatible tpn where to buy actos online uk ordering janumet canada mircette cheapest rate key pred on line in the mexico thyrohormone buy uk cholestoplex from usa pharmacy purchase furosemide no prescription generic for levaquin 500 mg buy metformin next day where do i bactroban in australia research grade extendaquin generic pills for orlistat metrogel from canada without rx get aricept legal tretinoin 0,025 online forum ordering tadapox on line zyvox 1500 mg can order mentat canada raloxifeno fast usa amitriptyline hcl price cialis soft tab india cheap genuine aceon online abana overnight rx fedex elavil mexico pharmacy buy sildenafila tablets where do i buy trandate erexin v delivered to your home eulexin reviews for men what does vermox treat brand cialis pharmacy hyzaar usa no prescription get pariet las vegas generic retino a cream 0 05 cost legal buy doksazosin lek online canada albenda without prescrip where to buy cialis soft online mexico canadian pharmacy no prescription needed reviews buy hyzaar tablets buy retino a cream 0,025 with a mastercard prilosec canada overnight delivery amlodipin pills online in the mexico erythromycin generic drug suprax 400 mg reviews buy prevacid lowest price what is prednisone 10mg used for warafin without a prescription from mexico procardia woldwide shipping pliva 433 what is it used for purchase diprosone on line in usa viagra online bestellen erfahrungen forum antara fast uk order sominex 120 mg tadacip medication on line order roxithromycin online suprax with paypal payment the chepest aloprim venlor prescription coupon ivenox from usa buy bactroban nasal ointment uk arimidex order by phone research grade anafranil can you buy ciprofloksacin online trimox online cheap has methotrexate been discontinued desyrel costco buy gasex visa online canadian viagra how much does asacol cost in canada online pharmacy fedex overnight shipping discount v gel from canada fincar uk buy lasilix cheap canada pharmacy generico do benzac bupropionum order motilium instant bijsluiter wordpress site hacked viagra meclizine dosage buy neurontin overnight retin a medication on line buy revia depade where to get tulasi pct strattera mg mexico comprar lipothin original where can you buy aciclovir herpes half price books west allis mometasona order canada clonidine dose for sleep in children with adhd pharmacy that sells omnicef generic allopurinol 300mg zyloprim clomid ovulation cramps before ovulation orlistato prices usa albenda uk next day delivery sustiva buy canada zitromax birth control online canada buy albuterol sulfate inhaler viagra sublingual sale sildenafil online drug buying prescription drugs from india shallaki for dogs buy buy chloroquine australia lopressor medicine buy generic fluoxetine online with prescription where can i buy tindamax mg ampicillin 100 stock lioresal online canada fast delivery where to buy plavix online revatio side effects uk arzomicin canada does doxycycline hyclate 100mg treat chlamydia paxil online in canada online pharmacy viagra order generic confido maxalt pill shortage escitalopram online no prescription uk drugstore pill identifier pictures clonazepam moduretic drugs online purchases order levoxyl online canada all types cilest pills purchase arava in uk aristocort tablets 150 mg order forzest 120 mg ranitidine western australia buy brand pfizer viagra kelnor with no perscription taking pain pills while pregnant uk buy requip without prescription olmesartan medoxomil 40 mg brand cialis 10mg finasteride 5mg instead of propecia alli weight loss pills at fair price diflucan for sale no prescription buy motrin in ireland buy cymbalta india buy avalide greece authentic viagra online buy cefixime pills online can you buy advair over the counter buy revatio uk glucofage in usa over the counter fincar will 600 mg of gabapentin get you high cipro dosage for dogs order pariet pills where to get promethazine pct acquistare singulair in italia keflex canada sale gel diclofenac sod 10 mg toradol pills buy online long term effects of anxiety pills ciplox canada sale buy florinef online overnight delivery buy ortho cyclen cheap purchase tretinoin 0 05 cheap stromectol canada online no prescription where to buy yaz online canada abc online pharmacy legit buy metformin 500 mg purchase glucofage in usa where to administer haldol im ordering low dose bactroban nexium 40 mg tablets used mirapex sales 2010 indocin dose tadalis where to get lotensin hct price buy isoptin cheap elocon lotion dose minocin 100 mg price can you take mometasona daily cheapest drug singulair cheap retino a cream 0,05 free delivery propecia for .33 sinemet rxlist get shuddha guggulu toronto buy albenda usa doxycycline overnight pharmacy lamisil terbinafine cream what is it for stediril from india aricept 10 mg generic elavil antidepressant cialis sublingual mexico pharmacy can you buy lotrisone online atomoxetin buy online us baclofen withdrawal emedicine generic xenical generic zestoretic india cialis sublingual malaysia pharmacy minipress tablets from buy order janumet online no presctiption stieva a mail order pulmicort flexhaler weight gain best place to order clomid in us vagifem prices cvs order bentyl overnight erexin v medication side effects purchasing mentat ds syrup online uk buy etabus canada order indocin from escitalopram generic reviews sinequan fast canada lithium orotate in canada post cycle therapy lamictal fake viagra pill rx health ginseng products siberian ginseng 1000mg cefadroxil buy online india buy ranitidine new zealand online buy arava online usa celexa next day shipping turkish pharmacy 100 or 50 viagra where do i zebeta in mexico stopping coumadin therapy complaints against global pharmacy canada erection packs 2 drugs get order how to buy fincar comprar flomax en argentina buy generic zestril with bonus femring coupons discounts fincar tablets online fosamax supplier in uk can i order bupropionum online buy erythromycin tablets canada generic nizagara prometrium canada online no prescription cheap genuine metronidazol online rosuvastatin from india hydromorphone 2 mg street value western drug alavert sumycin phone orders does unisom make you gain weight buy canada no prescription for lotrisone zolpidem online india can i order rizact cheap generic voveran sr india pharmacies online that sell celexa azurette online canada order eurax overnight parlodel pharmacy mail order medication similar to baclofen erectile dysfunction treatment injection therapy buy lasix 50 ampicillin legal us dostinex maximum dosage non prescription anteovin pharmacy provera pharmacy coupons valaciclovir shop net cialis without a prescription from australia purchase tadacip in australia noroxin buy usa is sarafem legal in uk what is the dosage for orlistat cheap brand name kamagra chewable voltaren gel online kaufen over the counter chlamydia test kit skelaxin pill canadian midamor 5 mg cipla silagra 50 safe to buy generic microzide from usa order zestoretic online canada safe protonix no prescription flonase uk buy donde puedo comprar furosemide order generic xeloda where to get strattera can ovulation occur early on clomid desyrel font download free ampicillin side effects in infants purchase estradiol valerate on line in uk rumalaya forte cheap menosan coupons cialis online with paypal donde comprar brand advair diskus finast medication online propecia pharmacy direct cozaar mg mexico coreg dose over the counter urispas is it safe to buy cialis online cefadroxil tablets wiki buy keftab online india no prescription ic citalopram hbr 20 mg side effects generic uk paypal oracea where to buy lamictal online india best site get diflucan drugs similar to trial erection packs 1 is mail order ventolin safe buy bisoprololi fumaras canada dapoxetine for sale uk viagra discounts pills key pred no prescription needed can buy myambutol online orlistar noprescrition needed uk online pharmacy safe to buy generic lipitor from usa symptoms of chlamydia in the mouth and throat trial erection packs 3 online cheapest dapoxetine tablets uk where to buy acnetane with visa buy dostinex without prescription where to buy strattera ointment cymbalta without generic diovan 320 mg floxin tablets uses buy wellbutrin without a prescription overnight delivery anteovin maximum dosage snovitra super power pricing florinef online purchase online pharmacy imitrex cost usa zyvox online generic dutasteride no prescription emsam medication overnight delivery generic zyban smoking cessation aricept uk buy buyers of detrol canada
Home Pete Toms

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 505 guests online

Atom RSS

feed-image Feed Entries
Pete Toms Article Archive


TOMS: Why MLB is Thriving.... and Dying PDF Print E-mail
User Rating: / 380
PoorBest 
Pete Toms Article Archive
Written by Pete Toms   
Monday, 10 February 2014 15:02

MLBEarlier this winter I listened to a sports radio segment where 2 Toronto sports pundits attempted to explain the seemingly counter - intuitive news that MLB annual revenues have climbed to upwards of $8 billion.

On the one hand, they noted, steadily diminishing national TV ratings (including ASG and WS), reveal that baseball is clearly less popular. And hasn’t the NFL, long ago, and by a wide margin, supplanted MLB as the dominant pro sports league? And wasn’t it, after all, inevitable? Isn’t baseball anachronistic? From a slower, analogue, monolithic popular culture?

On the other hand, they understood why MLB revenues have skyrocketed. The biggest factor being the enormous increase in TV $$ from both national, and especially, local deals. Plus, attendance is stable, at near-record levels. And yes, almost ironically, slow, staid MLB has better exploited the internet than any of the other so-called Big 4.

They’re right, on both counts. Yes, baseball is dying. And the evidence is not found in the diminished national TV ratings (TV ratings are down for all programming except the NFL) but in who, and who isn’t, watching. Old guys, not young guys, like baseball. Jonathan Mahler was amongst those who reported this fall that the median age of the 2012 WS TV viewer was 53.4. Perhaps more telling is the steady, long-term decline in the number of kids playing baseball.

But it is precisely because MLB fans are old that business is booming. The huge boost in MLB TV $$ comes from us old guys who subscribe to Pay TV. We are footing the bill for the recent spate of MLB mega deals with local RSNs. We aren’t the cord-cutting, digital natives who have never paid for content. They believe that paying $100/month to watch video is stupid. Earlier in the year Joe Flint reported that, “By 2015, almost half of all television viewing will be done by folks over the age of 50…” The migration of local MLB broadcasts from free over-the-air TV to Pay TV was inevitable. Why? Because MLB fans can afford Pay TV. We are baby boomers, the most affluent generation in history. And baseball fans are the most affluent of sports fans. We complain about our cable bills, we’re old, so we’re allowed. But we’ll still pay for the nightly, pleasant, familiar, tribal, ritualistic pleasures of watching our team on our big TVs, in our comfortable basements. It feels good.

While there is debate about the future prospects for the Pay TV industry, under pressure from OTT, potentially one, or some of, Google, Apple and Aereo, and politicians and regulators sabre-rattling over channel bundling…. in the present, it’s still thriving. And as long as MLB continues to aggregate large TV audiences of purchasers of financial services, luxury autos and ED remedies , there’ll be plenty of money in it for them.

You can follow me on Twitter @PeteToms


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.

Follow The Biz of Baseball on Twitter Twitter

 
LWIB: Dynamic Ticket Pricing and the Secondary Market in MLB, Worldwide Draft Update, Plus Tidbits PDF Print E-mail
User Rating: / 11
PoorBest 
Pete Toms Article Archive
Written by Pete Toms   
Monday, 27 February 2012 18:03

Last Week in Bizball by Pete Toms

This week in “Last Week in Bizball”, dynamic pricing and the secondary market, worldwide draft update, plus tidbits.

DYNAMIC PRICING & THE SECONDARY MARKET

Seemingly every week I mention that another team has either implemented, or expanded their use of, dynamic pricing of tickets. Another subject that I frequently bring attention to is the challenges that the secondary ticket market pose to many MLB franchises. Despite the reported approximate $60 million annually that BAM earns from their formal partnership with StubHub, and the avalanche of qualified sales leads it generates, many clubs believe that secondary ticketing is killing their primary sales. My piece from December on MLB and secondary ticketing included this quote (courtesy of SBJ) from Braves Executive Vice President of Sales and Marketing Derek Schiller, “I don’t believe there is any bigger obstacle or issue, any bigger threat to the professional team sports marketplace and industry as a whole…This is the single biggest issue facing our industry….The amount of dollars at risk is growing near exponentially. And we absolutely as an industry — and not just baseball — need to manage it.”

The Giants were the first MLB franchise to implement dynamic pricing, using it on a limited basis for the 09 season. This season, 17 teams will use dynamic pricing. 10 of those teams will use dynamic pricing to set the price of all single-game tickets. Initially, the motive behind dynamic pricing was both to increase the number of tickets sold and the average sale price. More recently, clubs are also implementing and expanding the use of dynamic pricing to limit the amount of ticket inventory resold on the secondary market. LWIB Danny Ecker reported on the Cubs decision to use dynamic pricing this season for 5,000 bleacher seats. According to the piece, “Expanding that model to the entire ballpark could mean recouping as much as $11 million a year from resellers.” And, “Teams are looking at (dynamic pricing) to capture some of that secondary market that they're not capturing,” says Colin Faulkner, the Cubs' vice president of ticket sales and service…”

WORLWIDE DRAFT UPDATE

January 9 was the date of the first meeting of the International Talent Committee. The co-chairs for the committee are MLBPA ED Michael Weiner and MLB’s senior executive on labour matters, Rob Manfred. According to the press release, “…the International Talent Committee is responsible for examining a number of areas related to the procuring of international players including but not limited to the exploration of the possibility of an international draft, improving the education and acculturation programs of Clubs at their international academies and the development of appropriate country-by-country plans for playing and development opportunities for players prior to draft eligibility.” This committee exists as a direct result of the new CBA, which contemplates either an expansion of the Rule 4 draft, or the introduction of a wholly separate “international” draft. (The Rule 4 currently includes Canada and Puerto Rico). After years of attempting to control club spending in the Rule 4 via his office’s “slot recommendations” commissioner Selig succeeded in the last round of negotiations in implementing fundamental changes to the acquisition of amateur talent. Beginning this season, clubs exceeding spending limits in both the Rule 4 and international free agent market will be severely penalized by MLB. In addition, MLB foresees the implementation of a draft in the Dominican Republic as part of its ongoing efforts to reduce age/identity fraud and bonus skimming there. LWIB, commissioner Selig commented to Baseball America on the much discussed worldwide draft, "It is inevitable. I would like to see it. We have made some significant progress to that end. When we went to the draft in 1965, it was to create a more level playing field. We've done that, and the same thing will have to happen internationally." Josh Leventhal added that there is plenty of opposition to a worldwide draft, both within, and outside of, MLB.

….many front-office officials have said they neither want an international draft nor are confident that MLB has the ability to pull it off.

The Dominican Republic, Venezuela and the other Latin American countries all have their own issues with laws, player registration and investigations that would need to be worked out. Then there are agreements with Asian baseball governing bodies that would have to be worked out, including Japan, Korea and Taiwan, all of which have their own professional leagues.

Some major league club officials think an international draft will penalize teams that work hard in Latin America and have invested more resources into scouting the region. However, many teams, trainers and agents have seen the writing on the wall the last couple of years that an international draft was behind MLB's efforts to reform Latin America, even if MLB didn't always explicitly frame it that way.

Also LWIB, Zachary Levine examined how the Astros attempt to greatly increase the quality and quantity of players they recruit in Latin America is being impacted by the aforementioned changes in the CBA.

SELECT READ MORE TO SEE THIS WEEK'S TIDBITS

Read more...
 
Last Week in Bizball: The Padres and Fox Sports San Diego, plus Tidbits PDF Print E-mail
User Rating: / 13
PoorBest 
Pete Toms Article Archive
Written by Pete Toms   
Tuesday, 21 February 2012 10:34

Last Week in Bizball by Pete Toms

This week in “Last Week in Bizball”, the Padres and Fox Sports San Diego, plus tidbits.

PADRES & FOX SPORTS SAN DIEGO

The Padres have concluded an agreement with the soon-to-launch Fox Sports San Diego. As a result, the Padres are going to see a big boost in local TV revenues from the reported $15 million they received last season from Cox. Beyond that, reports on the details of the deal vary greatly.

As mentioned last week, Bob Nightengale reported in USA Today that the value of the Padres/FSN deal is $1.5 billion over 20 years. LWIB Jay Posner reported that Nightengale’s numbers are exaggerated. According to Posner, the Padres will receive a 20% equity stake in the new channel (common in recent local rights deals with RSNs). Posner reports the Padres rights fee in the initial year of the deal is $30 million, with a signing bonus boosting it to $40 million. Again, according to Posner, the value of the annual rights fee will escalate about 4% annually, bringing it to approximately $65 million in its final year.

LWIB, Bill Shaikin reported that the deal includes an upfront $150 million signing bonus for the Padres. According to Shaikin, Jeff Moorad intends to use Fox’s money to complete the purchase of the franchise from John Moores. You likely know that the owners recently, and surprisingly, delayed approval of the completion of the sale. Commissioner Selig, in the cases of Tom Hicks and Frank McCourt, has set a precedent of forbidding owners to invest Fox’s money outside their baseball franchises. And so, MLB’s approval of both the transfer of ownership of the Padres, and their pending deal with Fox, are in limbo.

LWIB, Barry Bloom reported that the Padres pending deal with Fox spans 20 years and is worth $1 billion. According to Bloom, the initial annual rights fee will be $30 million and by the end of the deal it will have climbed to $70 million. Bloom also reports that MLB is delaying approval of the deal over the aforementioned concerns as to how the signing bonus is invested. Bloom pegs the bonus amount at $200 million. What stands out in Bloom‘s piece is his reporting that the deal is being complicated by Moore’s desire to retain an interest in the new channel while simultaneously completing the sale of his remaining 51% stake in the Padres to Moorad.

Despite all this, it is expected that Fox Sports San Diego will broadcast the Padres Home Opener on April 5th.

SELECT READ MORE TO SEE THIS WEEK'S TIDBITS

Read more...
 
Last Week in Bizball: The RSN Windfall and MLB's Luxury Tax, Plus Tidbits PDF Print E-mail
User Rating: / 6
PoorBest 
Pete Toms Article Archive
Written by Pete Toms   
Tuesday, 14 February 2012 00:00

Last Week in Bizball by Pete Toms

This week in “Last Week in Bizball”, the RSN windfall and competitive balance, plus tidbits.

THE RSN WINDFALL AND COMPETITIVE BALANCE

Commissioner Selig often trumpets the healthy state of competitive balance in MLB. Amongst other facts, he would cite the 9 different World Series champions in the last 11 seasons. Commissioner Selig would also argue that, under his guidance, MLB has achieved greater competitive balance by narrowing the revenue gap separating the largest and smallest markets. This has been accomplished with increased sharing of local revenues and the Competitive Balance Tax (CBT), or as it’s more commonly know, the Luxury Tax. In the recently concluded CBA negotiations, Selig successfully bargained for the implementation of a soft cap, similar to the CBT, in the Rule 4 draft. As well, the new CBA provides greater incentive for clubs to keep big league payroll at, or below, the CBT threshold. Cynics argue that redistributing revenues and taxing “overspending” isn’t about competitive balance but rather limiting player compensation. Since 10, I’ve been blogging about The Importance of Regional Sports Networks in MLB. A few weeks ago I noted a very prominent sports media consultant’s prediction that the windfall of RSN money flowing to MLB will soon see industry revenues increase from $7 billion annually to $9 - $10 billion. So, the inevitable questions is, will this windfall of billions of dollars in RSN revenue work against MLB’s efforts to “level the playing field”?

Some believe that the impact on competitive balance of soaring local media rights will be negligible. After all, each team’s current deal will eventually be up for renewal, and when it is, each will benefit from the same factors driving up rights fees (competition amongst MSOs & telcos for live sports, plus threat of OTT alternatives) which exist in every market. For instance, LWIB Bob Nightengale reported that, “…even the San Diego Padres— playing in the 26th largest market in baseball — are, pending MLB approval, poised to sign a new deal with Fox Sports that will guarantee them $75 million a year for the next 20 years.” The Padres current deal with Cox reportedly earns them $15 million annually. (For more on the Padres new partnership with FSN, see here) But, while each team will eventually “cash in”, the value of an RSN, or a rights fee, is not based on viewers or ratings but on the number of subscribers. And the number of subscribers is determined by carriage deals and, perhaps more critically for MLB, market size. Again from Nightengale, "It does have the potential to hurt competitive balance," said White Sox chairman Jerry Reinsdorf, MLB's longest-tenured owner. "The big TV deals are basically a function of market-size and competition. There's no way that Kansas City can get a deal comparable to what the Angels did."

In recent years there has been talk about an “emerging middle class” in MLB. In December 10, Eric Fisher noted that during that calendar year, a record number 7 nine-figure player deals had been concluded (a number matched last year). Of those deals he wrote, “…nowhere in that list are the New York Yankees and Mets, Chicago Cubs or Los Angeles Dodgers — four clubs typically among the highest earners in MLB. That quartet of teams was involved in nine of the prior 19 $100 million-plus contracts. Just as in the standings this past season, and the San Francisco Giants-Texas Rangers World Series matchup, MLB’s economic middle class continues to grow more assertive.” If we assume that there is a growing middle class in MLB (I’m not so sure), is it largely due to the annual redistribution of approximately $400 million from big revenue to small revenue franchises? And, with local media revenues soaring, will MLB and the MLBPA need to be more vigilant in ensuring that those revenues are being reported and redistributed? You can read my previous posts for more details, but an ever increasing number of team owners also own stakes in RSNs, or the club itself has equity in an RSN. (Comcast initiated the trend of offering clubs equity in their RSNs and FSN has followed) In such relationships, there are, inevitably, lies, damn lies, and related party transactions. In other words, how much local media revenue is being underreported to both limit club’s exposure to revenue sharing and boost the profitability of their RSN investment? For instance, if the Padres are set to earn $75 million annually for their local TV rights, how much are the NYC teams taking in? SNY, the RSN controlled by Mets owners Sterling Equities, reportedly paid the Mets a $68 million rights fee last year. That will reportedly rise to $83 million by 15. Again, according to Nightengale’s report, “The Yankees say their TV rights are worth about $85 million to $90 million a year from YES, while the Red Sox insist their TV rights from NESN are worth less.” To state the obvious, if these reports are accurate, there are hundreds of millions of dollars that are not being accounted for in calculating revenue sharing payments.

Underreporting of local TV rights is nothing new in MLB. The sale of the Cubs to Tom Ricketts was reportedly delayed over a dispute of the value of the rights fee paid to the club by broadcaster WGN (both entities owned by Tribune Co. at the time). In 10, sports economist Andrew Zimbalist wrote, “In 2008, approximately $400 million was transferred from the high- to the low-revenue teams. The higher a team’s revenue, the more it has to contribute. The lower the revenue, the more it receives. The principal terrain of disputation is related party transactions, where team owners also own the regional sports network (RSN) that broadcasts the team’s games. It appears that several teams underreport the market value of the RSN revenue received by tens of millions of dollars and, in one case at least, this underreporting appears to exceed $100 million by a substantial margin.”

If indeed, MLB Teams are Media Companies, and you believe that revenue sharing contributes to competitive balance, how MLB calculates RSN revenues is about to become much more important and contentious. The MLBPA will also be closely scrutinizing the reporting of these revenues because underreporting obviously reduces the amount of money available to players.

SELECT READ MORE TO SEE THIS WEEK'S TIDBITS

Read more...
 
LWIB (Part II): Are the Wilpons and Katz Keeping the Mets? Plus Tidbits PDF Print E-mail
User Rating: / 31
PoorBest 
Pete Toms Article Archive
Written by Pete Toms   
Wednesday, 08 February 2012 12:14

Last Week in Bizball by Pete Toms

This week, a second edition of “Last Week in Bizball”. Can Wilpon and Katz keep the Mets?, plus the tidbits.

ARE WILPON AND KATZ KEEPING THE METS?

Where to start with the Mets woes? Irving Picard, representing the victims of Bernie Madoff, is attempting to extract close to $400 million from Mets owners Fred Wilpon and Saul Katz (aka Sterling Equities). The Mets operating losses over the past 2 seasons are reportedly $120 million. In November, the Mets arranged a bridge loan from BofA for $40 million. MLB also loaned the club $25 million and both are expected to be repaid next month. The baseball club and Sterling’s RSN, SNY, combined, have a reported $375 million coming due in a few years. Attendance and ticket prices at Citi Field have dropped dramatically the past few seasons. This upcoming season will see the Mets slash year-over-year payroll by $50 million plus and the team is expected to stink. They also folded a minor league team this off season. Last month it was reported that the Mets had retained the services of “turnaround specialists” CRG Partners. CRG was one of the key players in the bankruptcy auction of the Texas Rangers. David Einhorn agreed to invest $200 million in the Mets, but the deal collapsed. But, unlike with Tom Hicks and Frank McCourt, MLB hasn’t wrested the Mets away from Wilpon and Katz. Oh well, we cynics think, eventually being an FOB won’t be enough to save the Mets owners. They‘ll soon go bust and the creditors will take over.

But, LWIB there was buzz amongst sports industry insiders that Wilpon and Katz aren‘t leaving MLB any time soon. In this SportsMoney video segment, big time sports banker Sal Galatioto of GSP (no, not MMA) predicted that the many reports of the Mets “near bankruptcy” are “greatly exaggerated”. Galatioto foresees the Mets current efforts to raise $200 million via the sale of 10 minority shares in the team @ $20 million per succeeding. He also sees a lot of value in the Mets media rights. Sterling owns approximately 70% of the RSN (SNY) which broadcast Mets games. TWC and Comcast own the balance. The banker notes the guaranteed value of these cable rights deals, “...when you have a media deal, like a cable rights deal, you’re going to get paid, whatever your rights fee is whether the product is good or the product isn’t good.”

LWIB, Richard Sandomir reported in the New York Times that the Mets are close to finalizing the sale of the $200 million in minority shares. Richard confirms the earlier LA Times report that Steven Cohen (also bidding for the Dodgers) is set to become a Mets minority investor. But Richard’s scoop, and the more interesting development, is that the Mets aforementioned partners in SNY will invest $80 million in the baseball franchise. Howard Megdal explained that TWC and Comcast are motivated to help Sterling maintain control of the club for a few reasons. First, because Sterling owns both the team and a majority of SNY, the RSN lowballs the club’s rights fee, which is good for TWC and Comcast. And, if Sterling is forced to sell the team there is no guarantee SNY would continue to control the Mets local TV rights. Losing the Mets would make SNY worthless because they don’t own the rights to any other properties of significant value.

LWIB, Bill Madden wrote that the expected $2 billion sale price of the Dodgers will be a big help to the Mets owners. According to Bill’s unnamed “industry insider”, if the Dodgers are worth $2 billion, the Mets must be worth $3 billion. “What that means,” said the insider, “is that the Wilpons can now go back to their banks, point to the value of the team, and say: ‘Lend us more money.’”

SELECT READ MORE TO SEE THIS WEEK'S TIDBITS

Read more...
 
Page 1 of 25
 
Banner

Poll

Should MLB Force Jeffery Loria to Sell the Marlins?