News Corp. Buys Ohio Sports Network

News Corp. bought Cleveland-based regional sports TV network Sports Team Ohio, which broadcasts Cleveland Indians games, for an undisclosed sum that could be close to $230 million, according to a source cited by Reuters. "News Corp has been stepping up efforts to control the rights to key sports teams in response to Time Warner Cable Inc's $3 billion deal in February 2011 to carry the Los Angeles Lakers basketball games on its Time Warner SportsNet Channel."

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Tags: tv
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