News Corp. Acquires Stake in Yankees' YES Network

Use your ← → (arrow) keys to browse more stories
News Corp. Acquires Stake in Yankees' YES Network
Paul Bereswill/Getty Images

News Corp. said Tuesday it was acquiring a 49 percent stake in the YES Network, the New York Yankees' regional cable sports channel. Yankee Global Enterprises, Goldman Sachs and other investors will reduce their ownership as part of the transaction, and the team will receive a payment of $500 million for agreeing to the transaction.

Follow New York Yankees from B/R on Facebook

Follow New York Yankees from B/R on Facebook and get the latest updates straight to your newsfeed!

New York Yankees

Subscribe Now

By signing up for our newsletter, you agree to our Terms and Privacy Policy.

Thanks for signing up.