Tickets.com To Sell MLB Tickets
COSTA MESA, Calif. (AP) _ Tickets.com will become major league baseball’s online ticket vendor beginning in the 2001 season.
Under the deal announced Friday, Tickets.com will handle ticket sales at each of the Web sites run by baseball’s 30 teams.
The Costa Mesa-based agency, however, also said it was laying off about 30 of its 600 employees. A spokesman said the reductions reflected attempts to streamline operations after a series of acquisitions.
Since 1996, Tickets.com has acquired ticket agencies in Northern California, Buffalo, N.Y. and Madison, Wis., as well as a computer software developer in Syracuse, N.Y.
The company is competing with industry heavyweight Ticketmaster for contracts to sell tickets to entertainment and sporting events across the country.
It has been an uphill battle so far. Tickets.com lost $66.6 million last year and an additional $21.6 million this year. The company’s stock closed Friday at $3.406, down 94 cents. The company went public last November at $12.50 per share and the stock climbed as high as $32 before falling into a funk.