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FOX Sports Acquires Majority Ownership of YES Network; Will Own 80 Percent of Network

January 25th, 2014 at 5:03 PM
By Doug Rush

Back in November of 2012, FOX Sports and 21st Century Fox bought 49 percent of the claiming stake of the YES (Yankees Entertainment and Sports) Network with the Steinbrenner family still in control of the network.

On Friday, Fox bought an even bigger portion of the YES Network and now will own the majority of the network, as Fox CEO Rupert Murdoch and his company will now own 80 percent of the company; the deal is likely to be completed by the end of March.

The YES Network launched before the New York Yankees season in 2002 on March 19, 2002 lead by late and former Yankees owner George Steinbrenner and has broadcasted all of the Yankees games since that season. They have also since started broadcasting the New Jersey Nets; now turned Brooklyn Nets games as well on the network.

There has been some rumor and chatter about FOX re-naming the network into something along the lines of FOX Sports New York, but at the current time, it will still remain the YES Network for the upcoming 2014 season for the Yankees and continuing for the Nets 2013-2014 season.

Photo credit: Marianne O'Leary / / CC BY

Tags: Baseball, FOX Sports, MLB, New York, New York Yankees, YES network

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