The Yankees Score Big with a $1.5 Billion TV Deal
Filed under: Media, News Corp, Stocks in the News
It’s good to be the New York Yankees. The team that baseball fans across the country love — or love to hate — is a money-making machine, even with the highest payroll in baseball.
On Tuesday, the company’s television subsidiary, the YES Network, announced it was selling 49 percent of its business in a deal that values the network at $3 billion. That’s a lot of scratch for the Yankees and other YES owners. And the numbers get even bigger from here.
According to Bloomberg, the Yankees are now…
The Yankees Score Big with a $1.5 Billion TV Deal originally appeared on DailyFinance.com on 2012-11-21T16:38:00Z.
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