Arte Morenoo

Just prior to the start of the 2006 Major League season, Moreno scored another success in signing a lucrative contract with Fox Sports Net regarding the television broadcast rights for the Angels' regular season games. The 10-year deal significantly increased the team's television revenue. In April 2006, Forbes magazine estimated the team to be worth $368 million — twice the amount Moreno paid for the club only three years earlier; in April 2008, Forbes estimated the franchise value at $500 million, a sixteen percent change in value over one year.^[3] [4]