21st Century Fox will buy a majority of...
21st Century Fox will buy a majority of the Yankees Entertainment and Sports Network (YES Network), 21st Century Fox said in a news release Friday. The deal will increase 21st Century Fox’s ownership from the 49 percent it has held…
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since 2012 to 80 percent, said the release. The remaining 20 percent will continue to be held by Yankee Global Enterprises, though the regional sports network will become a consolidated entity of 21st Century Fox, the release said. YES provides local TV coverage of Yankees baseball and Brooklyn Nets basketball games and has a footprint that includes 9 million homes in New York, Connecticut, New Jersey and parts of Pennsylvania, as well as national carriage on cable and satellite.