MLB, union meet for 1 1/2 hours, discuss next step in talks

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MLB, union meet for 1 1/2 hours, discuss next step in talks
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Deputy Commissioner Dan Halem and chief union negotiator Bruce Meyer met for 1 1/2 hours Thursday and discussed the major issues in the stalled talks to reach a deal that would end Major League Baseball's lockout.

Union general counsel Ian Penny and MLB Executive Vice President Morgan Sword also participated in the session.

Baseball’s ninth work stoppage was in its 92nd day Thursday and is the sport’s first labor conflict to cause games to be canceled since the 1994-95 strike wiped out the World Series for the first time in 90 years. Fitch Ratings said the cancellation will not impact MLB and stadium-level debt ratings for now due to liquidity that included dedicated debt reserve funds sufficient for a season-long stoppage. Fitch said MLB's media contracts are structured for continued payments in 2022 during a lockout, with the possibility of repayments due later.

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