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
ABC’s ‘Scandal’ surges to record finale
Fox wins a Wednesday littered with reruns
Philly: Auto driving big TV dollars
Defining the big issues in digital video
A stunt that goes over the rainbow
‘Salem,’ this witches’ brew boils over
Tell us, what’s your forecast for the upfront?
Best tube bets this weekend
Tuesday cable overnights: Solid start for ‘Fargo’
NBCU: We’re ramping up digital content
‘Divorce Court’ up 24 percent this season
Pivot upfront: Four new shows on the way
ABC’s ‘S.H.I.E.L.D.’ grows in later timeslot
- Sarah Amatuzio becomes VP and creative director at Alcone
- Tim Nolan becomes group creative director at Huge
- Jonathan Kim rises to digital engineering director at Media Kitchen
- Anand Kini rises to EVP of strategy at NBCUniversal
- Meaghan B. Murphy becomes executive editor at Good Housekeeping
- Mary Jeanne Cavanagh becomes EVP of ad sales at BabyFirst
- Steve McEvoy becomes VP of advertising sales at PageScience
- Howard Schneider becomes Federal Reserve reporter at Reuters
- Former 'The View' co-hosts returning to honor Barbara Walters
- Brad Paisley guesting on CBS's 'Two and a Half Men'
- MSNBC personality Lawrence O'Donnell injured in car accident
This week’s cable ratings
This week’s broadcast ratings
This week’s top movies, songs and books
This week’s daypart ratings
This week’s younger viewer ratings
This month’s new media traffic data
Media planner/buyer opening in Des Moines
Media planner/buyer opening in Austin
Online media buyer position in Provo, Utah
Digital media planner/buyer job in Minneapolis
Senior media planner job in Dallas/Fort Worth