MLBAM Pays Back Investments; Revenue Passes $450 Million In 2007

Major League Baseball Advanced Media (MLBAM) has paid back the roughly $80 million investment used to fund its start in 2000—nearly $3 million per team, according to Sports Business Journal. SBJ puts the annual revenues for 2007 past $450 million, some $50 million higher than Newsweek reported last June. MLBAM first put profits back into the new media arm, than paid dividends in 2006 and 2007. It may opt again to reinvest the profits. Drayton McLane, Houston Astros owner and MLBAM board member, tells SBJ: “[MLBAM] has given us a lot of great rewards, financially and, more importantly, helping to expand our presence all over the globe. It’s been a great investment.”
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