Complex sentence: Instead, Major League Baseball along with ABC and NBC formed a revenue sharing joint venture called The Baseball Network (which was abolished after the 1995 season) to go with CBS offering $130 million a year to renew its previous contract (-).
Split into simpler sentences: Instead, Major League Baseball along with ABC and NBC formed a revenue sharing joint venture called The Baseball Network (which was abolished after the 1995 season). Meanwhile, CBS was offering $130 million a year to renew its previous contract (-).