A guy you never heard of got the Giancarlo Stanton contract details before anyone


This is pretty neat. Deadspin reports that a guy named Christopher Meola had all of the details about the Giancarlo Stanton contract extension first. For real! He tweeted several reporters with it and was right. He was right before Heyman and Rosenthal and everyone. And for reasons Deadspin explains in the rundown of it all, it wasn’t just some wild guess like you sometimes see from Twitter weirdos who claim they’re “insiders” with sources. Meola got the info first. He just didn’t have the platform from which to broadcast it.

Interesting. And telling, of course. Telling about the nature and value of scoops like this. Meola will, by virtue of the Deadspin story and any secondary coverage like this post, get some degree of notoriety for this. But just some. Even if the entire world saw him get this news first (which it didn’t) there wouldn’t be much value to him beyond the brief bit of notoriety. The news is the information, not the reportage of it, and now, practically speaking, belongs to everyone. It’s, as we’ve talked about before, commodity news in ways that other sorts of reporting are not. News whose source is not of general interest to the public at large, even if the news itself is.

Looked at differently, the value of a Rosenthal or a Heyman (when they’re reporting transaction news anyway) is not any individual piece of information they get, but that they get it in enough volume to where they are worth following or employing. They have lots of sources giving them lots of these stories that create a product in the aggregate, even if one of the stories isn’t terribly valuable on its own.

I dunno. Just interesting to me. A lot of effort is spent by reporters chasing scoops and commodity products in journalism. But really, only a handful of reporters get most of the stories. Then, sometimes, something weird like Christopher Meola happens.

MLB sells share of BAMTech to Walt Disney Co. for $900M

Jakub Porzycki/NurPhoto via Getty Images

NEW YORK – Major League Baseball has sold its remaining share of a streaming service technology company to the Walt Disney Co. for $900 million.

The sale was disclosed Tuesday in Walt Disney Co.’s annual filing report through the SEC. MLB received the $900 million in exchange for the 15% stake it still had in a company called BAMTech, which originally started as MLB Advanced Media in 2000.

The technology helped MLB become a leader in sports streaming in the 2000s.

Walt Disney Co. has been buying chunks of BAMTech for the past five years and now owns 100% of the company. The National Hockey League sold its 10% share of BAMTech to Walt Disney Co. for a reported $350 million in 2021.