>I agree. The business goal is to sell ads, tickets, hotdogs, and beer. I think they’re executing on profitability but in a cautious way. Too much sudden change can definitely kill a sport, like it can any product.
That's a serious oversimplification of MLB teams' business models. Yes, ticket sales, marketing deals, food, beer and merchandise do make some money. However, the bulk of the money made by the teams (MLB is, as others have mentioned, a trade association which has been given special exemptions from anti-trust law) is from media deals with the major networks and "Regional Sports Networks" (RSN) which handle all the ads and broadcast details.
A few of the teams have their own RSNs, but most rely on third parties for that. In fact, one of the biggest (with rights to broadcast 14 of the 30 MLB teams) just went bankrupt.
For more information about that, and some really good "inside baseball" (see what I did there?) read this article[0] from The Athletic, published just yesterday.
[0] https://theathletic.com/4409306/2023/04/14/mlb-streaming-tv-...