By: Gigaom
News Corp and Yankees set to play ball, raise TV bills
News Corp is about to acquire a 40 percent in YES, the network that distributes Yankees games. The deal is likely to result in cable cost hikes and prove once again how the price of live sports will keep going up in the age of cord-cutting.

Poor Yankees fans. The mighty Bronx Bombers have become a squad of overpaid geriatric chokers led by a hobbled captain. Now, fans can expect to pay more to watch this mess.

Reports say media giant News Corp is about to acquire a 40% stake in the YES Network, a group of stations partly owned by the Yankees that pipe the team’s games into about 15 million homes in the Northeast.

The deal, set to conclude on Friday, is expected to result in YES hiking the $2.99 month fee it currently charges cable and satellite providers to distribute the channel. News Corp’s role will also provide leverage to demand more money because the company also owns a group of regional Fox Sports channels that it can offer (or withhold) as part of negotiations.

The YES deal shows again how live sports are becoming evermore value in the age of fragmented audiences and cord-cutting. As The Verge reported yesterday, sports leagues and ESPN have the power to distribute the games online and to mobile devices but have few incentives to do so because of the lucrative cable market.



Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here