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 week’s daypart ratings
Bus ads for ‘Red Band Society’ get the heave-ho
‘The Biggest Loser’ sinks to a new low
Big crowd for Ken Burns’ ‘The Roosevelts’
For NBC, another winning season
Philly: Strong start for Eagles lifts TV
‘Forever,’ actually, probably not
Rachel, I did something in the past I regret
Tell us, which new fall TV shows will survive?
Best tube bets this weekend
Cable overnights: ‘For Better’ hits one-year high
FX renews ‘Tyrant’ for season two
Goodbye TV Guide Network. Hello Pop.
- Sue Frogley becomes global commercial director at SMG
- Bev Yehuda becomes SVP of operations at D S Simon
- Kristin Hambelton becomes CMO at Evariant
- Craig Marks and Tom Morrissy out at Spin Media
- Brian Allers becomes VP of the local division at TVB
- Seven join the talent lineup at Back9Network
- Darrell Hammond becomes announcer on NBC's 'SNL'
- Aubrey Plaza joins Lifetime's 'Grumpy Cat's Worst Christmas Ever'
- James D’Arcy joins the cast of ABC's 'Agent Carter'
This week’s daypart ratings
This week’s cable ratings
This week’s broadcast ratings
This week’s top movies, songs and books
This month’s new media traffic data
This week’s younger viewer ratings
Needed ASAP: Media buyer in Fort Worth
Job for media buyer/planner with DC PR agency
Programmatic media buyer job in York, Pennsylvania
Media buyer opening in Las Vegas
Immediate opening for a media buyer/planner