(via Alan Meckler) Apparently, MLB Advanced Media, which we’ve reported before as heading for an IPO, won’t be doing so anytime in the near future, reports NYP. The reason: the baseball team owners were afraid to reveal too much about their wealth right before contract talks with the players...

Despite months of pitches by Bank of America, Goldman Sachs, First Boston and J.P. Morgan, the baseball team owners couldn’t be convinced that reaping a few billion dollars was worth the light that would be shone on their business operations and personal fortunes.

Some stats on MLBAM: each of the 30 teams team kicked in $1 million a year for four years. But only $70 million to $75 million of the pledged $120 million was ever used before the site started generating excess cash in only its second year. That means each team’s $3 million investment in Advanced Media could now be worth $100 million if the valuation comes in at only $3 billion, which is not unlikely.

Related:

—MLB.com May IPO; Sell Minority Stake

—Is MLB.com Worth $1Bn or $2 Bn?

—MLB.com Launches Digital Sports ASP Company