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The Jays television contract with Sportsnet (also owned by Rogers), essentially makes all of Canada the Jays region.As lucrative as that may sound, it's not, according to the Globe and Mail it netted them $36M last season.
If another company owned the Blue Jays that figure would be substantially higher. The Jays are owned by a cable company which owns sports networks in Canada. The 36M is a figure they made up to pay themselves and doesn't reflect the reality of the situation.
This is from Forbes magazine.
But Toronto is owned by $14 billion-in-sales Rogers Communications, which also owns sports channels that pump through Blue Jays games as well as those of its other two teams, the NBA’s Raptors and NHL’s Maple Leafs. The company’s strategy of using sports programming to boost profits has been paying off and shares of Rogers have been outperforming the market recently. On top of the increase in carrier fees Rogers can command from its sports programming, last year Rogers Sportsnet paid the Blue Jays a rights fee of $36 million. So Rogers gets a doubleheader from its sports programming. The Blue Jays have a much larger cable television audience than the Marlins and thus star power on the diamond can translate into much more money from advertisers.
It does dwarf the twins revenue, the 36 million is a fee they basically pay to themselves and really doesn't represent anything. Rogers Tv network paid Rogers sports team. They could have made the figure higher for example 180 million if they were selling the team to show how much revenue it brings in. So where they make their money is in advertising, cable company carrier fees (from competing cable companies for example Shaw in canada) and shares in the Rogers company. It's a different model.