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Baseball Primer Newsblog— The Best News Links from the Baseball Newsstand
Thursday, November 15, 2012
News Corp (NWSA.O) is expected to announce this week that it has taken a minority stake in the YES Network, a New York-based sports channel that broadcasts Yankee baseball and Nets basketball games. The deal could be announced as early as Friday, according to a person with knowledge of the transaction.
The deal would expand News Corp’s network of 13 Fox regional sports channels and four other channels in which it is affiliated. Those channels have 67 million subscribers in Los Angeles, Houston and other cities.
The YES network is available in approximately 15 million homes.
News Corp will buy portions of the stakes held by Goldman Sachs (GS.N) and Providence Equity Partners, which are expected to maintain positions, the source said.
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Statements posted here are those of our readers and do not represent the BaseballThinkFactory. Names are provided by the poster and are not verified. We ask that posters follow our submission policy. Please report any inappropriate comments.
1. RoyalsRetro (AG#1F) Posted: November 15, 2012 at 01:02 PM (#4303357)Karl Rove: I wouldn't call the game over yet. My numbers indicate Derek Jeter can still pull this game out with some clutch at-bats.
John Sterling: Uh, but the game is over Karl.
Karl Rove: Your numbers are wrong!
Not really. It would only require him to notice the signature on his paycheck.
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