News Corporation and the Yankees. Strange bedfellows? Perhaps, but according to The New York Times, they’re both about to snuggle up. News Corp. is said to be close to purchasing a stake in YES Network, which broadcasts the Bronx Bombers and Brooklyn Nets games.
Negotiations are still underway, but according to the Times, News Corp. would buy a stake in YES from the Yankees’ equity partners, and Yankees Global Enterprises — YES’ parent — would retain its 34 percent stake. No word on what the price tag will be, but YES has been valued at about $3 billion.
We were going to offer a funny remark about this deal, but we cannot top this comment on the Times’ report, from Tom S:
“No! This is terrible news, now we have to listen to A-Rod’s voicemail???”