Major League Baseball Company Description
It may be the national pastime, but Major League Baseball (MLB) is also a big business. MLB runs the game of professional baseball and oversees 30 franchises in 28 cities. Each team operates as a separate business, but each is regulated and governed by MLB. The league sets official rules, regulates team ownership, and collects licensing fees for merchandise. It also sells national broadcasting rights and distributes fees to the teams. (Regional broadcast rights are held by each franchise.) MLB was formed when the rival National and American Leagues joined together in 1903.
View the Comprehensive Company Description for Major League Baseball
The Company Description provides a historical perspective of Major League Baseball's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Major League Baseball's evolution in the marketplace.
