But of course there needs to be the caveat of how TV numbers are just another indicator, and how antiquated, and silly local TV ratings are.
And tying the future financial health of pro sports leagues to CABLE TV doesn't seem like a smart business strategy for leagues at the moment, now does it?
Correct, just one 'indicator' but a larger slice of the importance pie and more important one than what people in these threads typical use on "fanbase" arguements.
TV numbers might be "silly" to you, and plenty of others, but there's a reason Nielsen is still the standard despite competing attempts at measurement and despite any complaints from networks. They remain, they're what advertisers use, they're what networks use, etc.. Antiquated doesn't fit when it's still the standard, currently and for the foreseeable future. Massive businesses use those "silly" TV ratings, both local and national, whether or not anyone likes how the sausage is made is irrelevant to how they're used in business of sports and what that means for revenue. Big businesses use them, they are big business.
Cable TV: only if you don't understand what's happening. Local/regional NHL viewership is up on cable (even when excluding streaming on things like MSG/NESN+, etc..) despite cable subs going down. How can that be?! A mystery to the uninitiated, but for those who understand "sports fans watch sports" tis not a surprise. Tons of sports viewership keeps going up (OOH viewing plays a big role) on cable. Sort of like how RSNs still exist, but all those headlines said "RSN business imploded" / "RSNs are dead" ... meanwhile, All but two of the U.S. based NHL teams are locally/regionally broadcast on? RSNs.
Regardless, wasn't tying FUTURE health, was showing that the Yotes don't have the local/regional fanbase. Like when you mention Buffalo and St. Louis as a pseudo-comparison while trying to group them in with Arizona as "bottom 1/3rd." BUF/STL DO have the fanbase, they aren't "bottom 1/3rd" on the "stats" as you put it, because you left out a massively important stat, broadcast ratings/viewership. How a majority of people watch the NHL. More people watch on TV than goto games, the 3.3M that watched the ASG across U.S. and Canada is more than the near 19k in attendance.
Buffalo is always 1st or 2nd in local ratings, and they carry the playoffs as far as neutral viewership (watching games their team isn't involved in.)
St. Louis, when good are top-5 in local ratings, fluctuate more than Buffalo but when they're bad they're still upper/mid-pack in local ratings, and they can do good national viewership. Hence the most-viewed NHL game since 1994 (Boston gets more credit for that but St. Louis played it's part in the 'record' too.) Also why the Blues have been picked as the visiting team in the Winter Classic in 2 of the last 4. Not for attendance reasons, but because STL helps viewership.
Their "fanbase" and what they contribute to the league is in no way comparable to the Coyotes [lack of] fanbase -- which again, isn't the fault of the fans the Coyotes do have, it's the fans they don't have that was the discussion.