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Source: News Corp. Will Pay Yankees $500M As Part Of YES Deal
Published November 20, 2012
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The Yankees’ stake in YES Network is declining from 34% to 25% as part of the deal, while private equity companies Goldman Sachs and Providence Equity will keep about 10% each. Former owners of the Nets will own the remainder. The source said even if News Corp. takes control of the channel, the Yankees will retain control over the broadcast of their own games.