Comcast May Pursue YES Stake To Consolidate N.Y. Market

Comcast is “likely to make a run” at Goldman Sachs’ stake in YES Network “in an attempt to consolidate the local sports television market” after the Mets’ RSN launches for the ’06 MLB season, according to sources of Arango & Copulsky of the N.Y. POST. The 40% stake in YES held by Goldman Sachs’ GS Capital Partners and Providence Equity Partners is “said to be worth [$600-800M], and Goldman is open to cashing out at the right price.” The remainder of YES is held by the former partners of YankeeNets. Comcast will have a controlling interest in the Mets’ RSN, which will also be owned by the Mets and Time Warner (N.Y. POST, 1/20).