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
This summer’s winners and losers
The future for Forbes and other business titles
Swing and a miss for the British Open
‘Manhattan,’ not a bomb but little spark
So, what’s your take on Fox-Time Warner?
For Lifetime, heels kicking up high
Cable overnights: ‘Hip Hop’ jumps on VH1
How many subscribers did Aereo have, anyway?
Right now at Comic-Con: PETA’s latest work
Study: Relevancy matters for sponsored stories
Fortune finds a new editor: Alan Murray
Fox wins Monday with two servings of Ramsay
This week’s cable ratings
- Jeff Brooks becomes chief commercial officer at Assembly
- Scott Monty becomes EVP of strategy at SHIFT Communications
- Amanda Hughes-Watkins and Crystal Ginn join Kettle
- Nick Kaplan becomes creative director at Barton F. Graf
- Andy Wright becomes publisher at The New York Times Magazine
- Tia Maggini becomes VP of original movies at Lifetime
- Megan Murphy rises to Washington bureau chief at The Financial Times
- Mark Green becomes SVP of product strategy at Simulmedia
- Brian Hallisay joins the cast of ABC's 'Revenge'
- Ed Helms, Ed Harris and Hilary Swank eyeing drama ‘One Percent’
This week’s cable ratings
This week’s broadcast ratings
This month’s new media traffic data
This week’s top movies, songs and books
This week’s daypart ratings
This week’s younger viewer ratings
Digital media planner position in Austin
Media planning supervisor job in New York
Digital media planner opening in Chicago
Assistant media buyer job in Iowa City
Media strategist position in Stamford