Regarding tv viewership, it's important to pay attention to the numbers for local broadcasts of local games. They can make up for a drop in national tv ratings. As for national games, they are a problem. I recommend that they start televising them at 6:30 eastern. Regarding Little League, that's a big drop. But it will be mitigated some by the explosion of travel / club teams over the last 15 years that take kids away from the Little League program.
Hope for the future? Baseball's new slogan: Play Baseball, Where There Are Few if Any Concussions!
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