News Corp. completes $2 billion YES Network deal

News Corp. is moving forward with a nearly $2 billion investment in YES Network, after the channel reportedly extended its carriage agreement for New York Yankees games for five more years, through 2042. News Corp., which will control 49% of YES, will have the ability to acquire an additional 31% of the network in 2015. News Corp. sees the YES stake as a boon to its efforts to launch Fox Sports 1, a new network that's intended to be a rival to ESPN.

View Full Article in:

New York Times (tiered subscription model), The · Advertising Age (tiered subscription model)

Published in Briefs:

SmartBrief Job Listings for Media

Job Title Company Location
Director - Digital Ad Sales Systems
Discovery Communications
New York, NY
Director of Sales, East Coast
DeviantART
NY, NY
Product Marketing Consultant
Sand Cherry Associates
Philadelphia, PA
Coordinator, Mobile Marketing Center of Excellence
Interactive Advertising Bureau
New York, NY
Sales Manager
mGage
Multiple Locations, SL_Multiple Locations