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, Industry Initiatives (Digital Video and AdvancedTV)
Interactive Advertising Bureau
New York, NY
Digital Ad Operations Specialist
Crain Communications
Nationwide, SL_Nationwide
Senior Manager, Marketing
IAB
New York, NY
Sr. Product Marketing Manager
TRUSTe
San Francisco, CA