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BUSINESS
By Jeff Barker, The Baltimore Sun | August 7, 2014
The Baltimore Orioles took an early lead in the court battle against the Washington Nationals and Major League Baseball over television rights fees from the teams' shared regional sports network. A New York court temporarily blocked a recent Major League Baseball decision that would have diverted tens of millions of dollars in profits from the regional network MASN that flow primarily to the Orioles. The Orioles say that money is critical to maintaining competitiveness and affording quality players.
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BUSINESS
By Jeff Barker, The Baltimore Sun | August 15, 2014
The Orioles' dispute with Major League Baseball over television rights fees casts the franchise in a familiar role as a challenger to the baseball establishment. About a decade ago, the Orioles opposed the proposed relocation of the Montreal Expos to Washington, a city that had been exclusive Orioles television and marketing territory since 1972, when the Senators moved to Dallas and became the Texas Rangers. After bruising negotiations and the threat of litigation by the Baltimore team, baseball reached an agreement with the Orioles giving the club control of the regional television network it shares with the Nationals as compensation for the loss of territory.
BUSINESS
April 1, 1998
Members of the Maryland Association of Certified Public Accountants are answering readers' tax questions through April 15.Q: I'm going to give my son a gift of less than $10,000 in stock for a wedding present in October. What is the cost basis for that gift? Second, if they then immediately sell it, say five days later, what would be their tax consequences in the '98 tax year?A: Generally, the cost basis would be what you paid for the stock. For example, if you bought the stock for $5,000 and on the date of the gift, the stock has a fair-market value of $9,000, your cost basis would be $5,000.
BUSINESS
By Andrew Leckey | October 19, 2008
Q: What kind of deduction can you take for donating stock to a charity? - M.I., via the Internet A: If the stock has increased in value since you bought it, you can avoid paying capital gains tax by donating it. If the security is being donated to a charitable organization, the total amount will still be eligible for a tax deduction based on the fair market value of the stock. "There's an advantage to donating stock instead of cash so long as it is a stock you've owned for a year or more and you have a gain," said Mike Busch of Vogel Financial Advisors.
BUSINESS
July 17, 2005
Q: An 87-year-old owner of a $72 ground rent on property in Baltimore writes that she has received "much mail" about the ground rent from the city's Real Estate Department during "the last year or so." She complains that she has "not collected any ground rent or been paid for my ground rent" and asks me to review some of the papers the city sent her and advise if the city's actions are legal. A: The reason you haven't been receiving ground rent is that the city acquired title and possession to your property months ago by a court proceeding.
NEWS
By MIKE FARABAUGH and MIKE FARABAUGH,SUN STAFF | December 26, 1999
A Westminster businessman is suing a competing outdoor advertising company, alleging he was medically incompetent to conduct business last year when he sold 96 billboards for $2.1 million, a price he contends was well under the fair market value.In a civil lawsuit filed last week in Carroll County Circuit Court, plaintiff Scott S. Bair, owner of Bair Outdoor Advertising Co., asked the court to rescind his contract with PNE Media LLC of Union, N.J. Bair contends that PNE pressured him to sell.
NEWS
By Caitlin Francke and Caitlin Francke,SUN STAFF | March 21, 2002
City officials said yesterday that they have drafted a contract that would charge the Baltimore Ravens $125,000 a year to lease the team's city-owned training site -- up from $1 a year. City Solicitor Thurman W. Zollicoffer Jr. said the Ravens have agreed verbally to the deal but have not signed the two-year lease. The team will likely use the Owings Mills site until they construct a proposed facility in that area, he said. "We'll see if they sign it or not," he said. Ravens owner David Modell could not be reached for comment.
NEWS
By JOHN-JOHN WILLIAMS IV and JOHN-JOHN WILLIAMS IV,SUN REPORTER | August 9, 2006
A six-member jury is expected to determine this week the amount of money that the Howard County school system must pay a developer to use his land for an Ellicott City elementary school. Monday's opening of the trial, including a tour of the site by the jury, was the latest step in a drawn-out dispute between the school system and J. Chris Pippen, who owns 1.3 acres on Montgomery Road across from Long Gate shopping center. The school system wanted to purchase the land from Pippen to provide an access road to the school, which is scheduled to open in August 2007.
BUSINESS
By Jeff Barker, The Baltimore Sun | August 9, 2014
The Washington Nationals sought television rights fees nearly three times what the team receives now from the Baltimore Orioles-controlled Mid-Atlantic Sports Network, according to documents unsealed by a New York court last week. The documents were made available by the New York Supreme Court Commercial Division for New York County, which is hearing a dispute over the division of the rights fees the two teams receive from their shared TV network. Both clubs now receive about $40 million a year in return for granting MASN permission to televise their games, but the Nationals were seeking an increase to $118 million, citing recent deals for other teams, according to the documents.
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