Deadline, WSJ

Yankees May Partner With Media Firms to Buy YES Network

Dec 28, 2018  •  Post A Comment

“The New York Yankees, owners of 20% of regional sports network YES, are in talks with Amazon and Sinclair Broadcast Group about a bid for the remaining 80% of it, according to the Wall Street Journal,” Deadline reports.

The news comes as Disney, which has agreed with regulators to sell off the 22 regional sports networks owned by 21st Century Fox, is approaching the close of its $71.3 billion acquisition of most of Fox.

“The worth of the entire portfolio has been estimated at $20 billion, but YES has an outsized share of that, with the current bidding valuing it at between $5 billion and $6 billion,” Deadline notes, adding: “Talks are at an early stage, the Journal reported, and the Yankees have also approached cable distributor Altice USA about joining the effort. The team has priority with regard to the fate of the remaining 80% of the network, which is considered beachfront property given the size of the New York market and the national profile of the Yankees.”

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