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Small Market
In the terminology of professional sports in North America, teams are often said to be based not in a city but in a media market. The size of the media market is usually a good indication of the potential viability of a major league team. A small market team is likely to struggle to compete financially against teams from larger markets and may therefore also be outbid in the competition for top talent. This has led to calls for revenue sharing, luxury taxes, and / or salary cap In professional sports, a salary cap (or wage cap) is an agreement or rule that places a limit on the amount of money that a team can spend on players' salaries. It exists as a per-player limit or a total limit for the team's roster, or both. Seve ...s in most North American sports leagues in order to ensure competitive balance or parity. See also * List of North American media markets External links Column: "Small Market Mania"by Jonathan Phillips, ''Sports Illustrated'' ''Handbook on the Economics of ...
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Media Market
A media market, broadcast market, media region, designated market area (DMA), television market area, or simply market is a region where the population can receive the same (or similar) television station, television and radio broadcasting, radio station offerings, and may also include other types of media such as newspapers and internet content. They can coincide with or overlap with one or more metropolitan areas, though rural regions with few significant population centers can also be designated as markets. Conversely, very large metropolitan areas can sometimes be subdivided into multiple segments. Market regions may overlap, meaning that people residing on the edge of one media market may be able to receive content from other nearby markets. They are widely used in audience measurements, which are compiled in the United States by Nielsen Media Research. Nielsen has measured both television and radio audiences since its acquisition of Arbitron, which was completed in Septemb ...
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Major Professional Sports Leagues Of The United States And Canada
Major most commonly refers to: * Major (rank), a military rank * Academic major, an academic discipline to which an undergraduate student formally commits * People named Major, including given names, surnames, nicknames * Major and minor in music, an interval, chord, scale, or key * Major sport competitions Major(s) or The Major may also refer to: Arts and entertainment Fictional characters * Old Major, a pig in ''Animal Farm'' * Major Major Major Major, in ''Catch-22'' * The Major (''Hellsing'') * Major (Cinderella), a horse in Disney's ''Cinderella'' * Major Gowen or the Major, in ''Fawlty Towers'' * Motoko Kusanagi or the Major, in ''Ghost in the Shell'' Film, television, theatre and print * '' The Major'', a 1963 BBC natural history documentary film * ''The Major'' (film), a 2013 Russian action film * ''Major'' (film), a 2022 Indian biopic * ''Major'' (manga), a sports manga and anime series by Takuya Mitsuda * ''The Major'' (play), an 1881 American musical come ...
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Revenue Sharing
Revenue sharing is the distribution of revenue, the total amount of income generated by the sales, sale of goods and services among the stakeholder (corporate), stakeholders or Benefactor (law), contributors. It should not be confused with profit shares, in which scheme only the Profit (accounting), profit is shared, i.e., the revenue left over after costs have been removed, nor with stock shares, which may be bought and sold and whose value may fluctuate. Revenue shares are often used in industries such as game development, wherein a studio lacks sufficient capital or investment to pay upfront, or in instances when a studio or company wishes to share the risks and rewards with its team members. Revenue shares allow the stakeholders to realize returns as soon as revenue is earned before any costs are deducted. Revenue sharing in Internet marketing is also known as pay per sale, cost per sale, in which the cost of advertising is determined by the revenue generated as a result of th ...
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Luxury Tax
A luxury tax is a tax on luxury goods: products not considered essential. A luxury tax may be modeled after a sales tax or VAT, charged as a percentage on all items of particular classes, except that it mainly directly affects the wealthy because the wealthy are the most likely to buy luxuries such as expensive cars, jewelry, etc. It may also be applied only to purchases over a certain amount; for instance, some U.S. states charge luxury tax on real estate transactions over a certain limit. A luxury good may be a Veblen good, which is a type of good for which demand increases as price increases. Therefore, the effect of a luxury tax may be to increase demand for certain luxury goods. In general, however, since a luxury good has a high income elasticity of demand by definition, both the income effect and substitution effect will decrease demand sharply as the tax rises. Theory Luxury tax is based on the concept of positional goods, which are scarce goods whose value a ...
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Salary Cap
In professional sports, a salary cap (or wage cap) is an agreement or rule that places a limit on the amount of money that a team can spend on players' salaries. It exists as a per-player limit or a total limit for the team's roster, or both. Several sports leagues have implemented salary caps (mostly closed leagues), using them to keep overall costs down, and also to maintain a competitive balance by restricting richer clubs from entrenching dominance by signing many more top players than their rivals. Salary caps can be a major issue in negotiations between league management and players' unions because they limit players' and teams' ability to negotiate higher salaries even if a team is operating at significant profits, and have been the focal point of several strikes by players and lockouts by owners and administrators. Adoption Salary caps are used by the following major sports leagues around the world: * North America ** The National Basketball Association, National Foot ...
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List Of Television Stations In North America By Media Market
These links go to individual lists of television stations by the media market in which they are located. United States Continental States, Alaska, and Hawaii DMAs There are 210 Designated Market Areas (DMAs) listed by the 2024–2025 Nielsen Media Research, Nielsen rankings: *Template:New York City TV, New York (#1) *Template:Los Angeles TV, Los Angeles (#2) *Template:Chicago TV, Chicago (#3) *Template:Dallas–Fort Worth TV, Dallas-Fort Worth (#4) *Template:Philly TV, Philadelphia (#5) *Template:Houston TV, Houston (#6) *Template:Atlanta TV, Atlanta (#7) *Template:Washington DC TV, Washington, D.C. (Hagerstown) (#8) *Template:Boston TV, Boston (Manchester) (#9) *Template:Bay Area TV, San Francisco-Oakland-San Jose (#10) *Template:Tampa Bay TV, Tampa-St. Petersburg (Sarasota) (#11) *Template:Phoenix TV, Phoenix (Prescott) (#12) *Template:Seattle TV, Seattle-Tacoma (#13) *Template:Detroit TV, Detroit (#14) *Template:Orlando TV, Orlando-Daytona Beach-Melbourne (#15) *Template: ...
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