Tuesday, November 20, 2012

News Corp. To Buy Up To 80% Of YES Network

News Corportation has announced that they and the Steinbrenner family have announced that agreed on a deal that would sell 49% of the YES Network to News Corp. After three years News Corp. has the opportunity to buy up to 80 % of the YES Network which is currently worth more then the New York Yankees team at $3 billion. This really adds some validity, in my eyes at least, to the rumors of the Steinbrenners willingness to sell the team somewhere soon down the road.

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Sorry for the Capatcha... Blame the Russians :)