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Pictures | Wed Nov 21, 2012 | 1:51am EST

News Corp to take 49 percent stake in Yankees TV channel

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

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...more

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
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A reporter for the YES Network 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

A reporter for the YES Network 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...more

A reporter for the YES Network 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
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