Yet another person who looks at World Series ratings and thinks the game is dying. Take a look at local TV ratings and the new TV contracts you're talking about and then tell me the game is dying. And if baseball is really dying, apparently the execs at ESPN and Fox didn't get the memo where they DOUBLED their rights payments to MLB.
You may be right that the balloon will burst when it comes to cable/satellite programming costs, but baseball won't take the brunt of it. The sport is doing just fine and is in no way dying