News Corp. Set To Buy YES Network

News Corp. should announce this week that it will take a 49% share in Yankee baseball's YES Network, in a deal that will allow the giant media company to have majority (80%) control of the channel in three to five years, according to unidentified sources. "The deal would allow YES to raise the $2.99 monthly fee per subscriber it currently charges cable and satellite operators to carry the channel," writes Ronald Grover. 

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Tags: cable tv, sports
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