United States

News Corp to take 49 percent stake in Yankees TV channel


Photo  / 2

YES Network sports reporter Sarah Kustok talks on the court before the Los Angeles Lakers play against the Brooklyn Nets in a NBA basketball game in Los Angeles November 20, 2012. News Corp will acquire a 49 percent equity stake in the YES Network from the New York Yankees baseball club and its partners, giving the media company a major sports presence in the largest U.S. TV market. REUTERS/Danny Moloshok