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21st Century Fox on Friday announced it would take a controlling stake in YES Network, upping its of Yankees Entertainment and Sports (YES) Network, raising its ownership position in the RSN to 80 percent.
The media conglomerate originally assumed a 49 percent stake in YES in November 2012, approximately eight months before News Corp. split its television and studio division from its publishing empire.
At the time, analysts estimated the value of the minority stake at around $3.4