I was able to stop on two frames... the first with M in the upper-right corner and H in the lower-right and the second frame with O in the upper-right and 3 in the lower-right. So... MO, H3? If it was flashing M-O-M, I'd think maybe it was a subliminal message to ask your mother to buy a ticket.
Seriously though, it seems like the letters change in each corner very quickly, like it is cycling through something. I also see an 'O' in the upper-right hand corner. Can't we get the conspiracy nuts to break this down for us? This is probably bigger than the "subliminal" station sign-off message. ;-)
When Lurie said, "Toronto certainly is a great city and I know the commissioner wants to get a team in Washington," he's referring to the Seattle Mariners, the other American League expansion team that had been announced in January 1976.
The A.L. had been embroiled in a lawsuit with the state of Washington, which accused the league of breach of contract for not allowing a local nonprofit group to purchase the bankrupt Seattle Pilots prior to the 1970 season. (The other owners believed their clubs would be devalued as a result of such an arrangement. Instead, the team was sold to Bud Selig and moved to Milwaukee between the end of spring training and Opening Day 1970.) Granting another expansion franchise to Seattle was the league's way of settling the case and avoid paying $32 million in damages.