The Dodgers have announced plans to launch a regional sports network funded almost entirely by Time Warner Cable.

The deal is exactly the type that Major League Baseball feared: The Dodgers setting up a shell company of sorts in order to pay less in revenue sharing.

The new ownership group has created a company called American Media Productions that will start broadcasting Dodgers games in 2014 on a channel called SportsNet LA. Time Warner Cable, the largest carrier in the area, will be the network's first distributor.

Although terms were not disclosed, the SportsBusiness Journal calls it a 25-year deal worth $7 billion.