Remember all those Fox News commercials that they play during Yankees games? Get ready for a lot more of those because News Corp. is buying a stake in the YES Network, according to a New York Times report.
The deal is not official yet though, but News Corp. will not be buying the shares of YES from the Yankees. Instead they will be buying from Goldman Sachs, who had a 40 percent stake in the company. The article didn’t say if they’re buying Goldman Sachs’ entire share or just a portion of it.