Is News Corp. pursuing regional sports net? YES.
November 15, 2012
Before News Corp. announces its long-anticipated national cable sports network, it’s pushing further into the local sports market.
The company is rumored to be buying a stake in YES Network, the New York regional channel that is partially owned by the New York Yankees and broadcasts their games as well as those of the Brooklyn Nets.
The deal could be announced tomorrow, according to The New York Times.
The Yankees would maintain their majority 34 percent stake in the cable channel, with News Corp. making its purchase from shares owned by equity partners in the network, such as Goldman Sachs.
The purchase would solidify News Corp.’s foothold in the world of regional sports. It already owns a string of regional Fox Sports that holds rights to local baseball or basketball games.
And it would continue to set up the anticipated general-interest sports channel, a challenger to ESPN, that News Corp. has long been rumored to be pursuing.
News Corp. has never commented on a timeline for such a project, but it has been stockpiling sports rights deals to give the network content.
Tags: Brooklyn Nets, cable, cable sports network, espn, Goldman Sachs, New York, new york yankees, news corp sports channel, news corp sports network, news corp yes, news corp., sports, yes, yes channel, yes network, yes news corp
‘American Idol’ finale takes a big dive
CBS upfront analysis: Cruising at full speed
ESPN snags U.S. Open rights away from CBS
NBC: We’re seeing record Olympics ad sales
CW upfront leftovers: Comedy in the wings
Carell returns for ‘The Office’ finale
For the CW, changes on every night
‘Does Someone Have to Go?,’ yikes
For USA, a new focus on laughs
Imagine, a crowdfunded newspaper
Best tube bets this weekend
So, how will the upfront shake out?
Fox wins night but part one of ‘Idol’ finale fades
- Chris Newport and Soyoung Kim join Billups Worldwide
- Melanie Hughes becomes EVP of human resources at Tribune
- Ben Widdicombe becomes contributing editor at The New York Observer
- Jennifer Lopez becomes CCO at NUVOtv
- Jason Shafton becomes VP of brand marketing at Comedy Central
- Clifford S. Harris rises to SVP of law and programming at Cablevision
- Steve Sinicropi becomes VP and market manager at Entercom
- Bob Pares becomes EVP of sales development at NewMediaMetrics
- Matthew Zeitlin becomes economics and finance reporter at BuzzFeed
- Nick Cannon leaving his syndicated radio show
This week’s cable ratings
This week’s broadcast ratings
This week’s daypart ratings
This week’s top movies, songs and books
This month’s new media traffic data
This week’s younger viewer ratings
Associate media director in New York
Digital media planner opening in Boston
Assistant media planner in Jacksonville, Fla.
Digital media specialist job in Austin
Opening: New business director for West Coast