News Corp. bought a 49 percent equity stake in the...
News Corp. bought a 49 percent equity stake in the Yankees Entertainment and Sports Network (YES). The network, which covers New York Yankees baseball, Brooklyn Nets basketball and other sports-related programming, also entered a media rights agreement “that will keep…
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Yankees baseball on the YES Network through 2042,” News Corp. said in a Tuesday news release. The rights agreement will need the approval of Major League Baseball, and the investment is expected to be completed this year, the company said.