Against a rapidly changing current in the TV revenue stream, Texas Rangers ownership set out a year ago to navigate the narrowest of channels, one that allowed them to widen their audience, without substantially emptying their pockets.

On Monday, the Texas Rangers announced the creation of Rangers Sports Network (RSN). The company will produce and distribute all of the team's television broadcasts for the upcoming season. Distribution is the keyword as local stations will vie for a chance to snag the Rangers' local TV rights.

The Texas Rangers have formed a business entity to produce and broadcast the team's games. Why it matters: The Rangers Sports Network will oversee on-air talent, camera and audio staff and the technical staff behind all local game broadcasts.