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  1. #1

    News Corporationís Bid for a Stake in YES Would Value Channel at $3 Billion

    Wow- YES valued @ 3 billion, News Corp gets 49% stake w/ chance to get cpntrol

    Implications...........

    "News Corporation is on the verge of acquiring up to 49 percent of the YES Network from the Yankees and their partners, according to three people familiar with the negotiations. The purchase price for the noncontrolling stake is based on a valuation of the channel at slightly more than $3 billion.

    Even a minority stake in YES would be a prize for News Corporation, whose Fox Sports division owns 19 regional sports networks around the country. YES is the most valuable regional sports network, having built its appeal on televising Yankee games, pre- and postgame shows and the “Yankeeography” series to a large, rabid fan base.

    YES, which also televises Nets basketball games, has served as a model for other team, league and college-conference-owned channels.

    Although News Corporation prefers to have 100 percent ownership of its regional networks, it would be able to share in the profits of YES. And according to the people familiar with the discussions, who spoke late last week, the deal would provide News Corporation a route to eventual control of YES — an option would exist in three to five years for the company to increase its investment to as much as 80 percent. But at that point, the price would be based on a valuation of at least $3.5 billion.
    "

    http://mediadecoder.blogs.nytimes.co...-at-3-billion/

    PS

    That values YES as more valuable than the team itself
    http://www.youtube.com/watch?v=ZdvM0IB5Sbs

    MICRO PASSIVE/MICRO AGGRESSIVE

  2. #2

    Re: News Corporationís Bid for a Stake in YES Would Value Channel at $3 Billion

    Selling to Satan
    Don't tease me, you know what I do for a living.

  3. #3
    NYYF Triple Crown

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    Re: News Corporationís Bid for a Stake in YES Would Value Channel at $3 Billion

    no excuses to lower payroll now!!!! OH COTDEEZ!

  4. #4
    NYYF Legend

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    Re: News Corporationís Bid for a Stake in YES Would Value Channel at $3 Billion

    The problem for News Corp is that YES is worth half as much if they're not owned by the Yankees. The reason is that the Yankees grossly underprice the value of their TV contract with YES in order to shelter cash flow from MLB revenue sharing.

    If the Steinbrenners sold off YES, they would no longer have any reason to discount the TV rights to YES and they would negotiate a market value contract somewhere in the neighborhood of $5 Billion over 20 years, or 2.5/10. So News Corp needs the Yankees to maintain that equity or else the value of YES goes way down

  5. #5
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    Re: News Corporationís Bid for a Stake in YES Would Value Channel at $3 Billion

    I'm surprised it is only $3 billion actually. Didn't the Los Angeles Lakers just sign a deal worth $5 billion for their tv contract?

  6. #6
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    Re: News Corporationís Bid for a Stake in YES Would Value Channel at $3 Billion

    Quote Originally Posted by useref15 View Post
    I'm surprised it is only $3 billion actually. Didn't the Los Angeles Lakers just sign a deal worth $5 billion for their tv contract?
    That $5 billion is a COST that is PAID by the TV network (over up to 25 years). You can't compare that number to a valuation OF the network.
    "Deep to left! Yastrzemski will not get it! It's a home run! A three-run homer by Bucky Dent! And the Yankees now lead by a score of 3-2!" - New York Yankees announcer Bill White (October 2, 1978)

  7. #7
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    Re: News Corporationís Bid for a Stake in YES Would Value Channel at $3 Billion


    I see fields of green, Veeck's pinwheel lights
    Cubs lose by day, Sox win at night
    And I think to myself, what a wonderful world
    .

  8. #8

    Re: News Corporationís Bid for a Stake in YES Would Value Channel at $3 Billion

    "The increased revenue going to the Yankees gives the Steinbrenner family resources to hold onto the team, said Ganis, who has advised the Yankees previously."

    Anyone care to interpret this line of ths story?

  9. #9
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    Re: News Corporationís Bid for a Stake in YES Would Value Channel at $3 Billion

    This is bad news- Sadly George is gone. If anything, the Yankees should be looking to buy MORE of the YES network instead of selling it. The wording that this is the cash the family needs to keep the team is HOPEFULLY window dressing, otherwise the family is having quite a bit of trouble. They must make so much money each year and if they are out of cash, they are screwing up big time.
    Hoping Rivera can pitch forever!

  10. #10
    SI Metman SI Baseballman's Avatar
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    Re: News Corporationís Bid for a Stake in YES Would Value Channel at $3 Billion

    smart move by Fox. I don't think they are thrilled by what the Dolans have done with their regional sports network in NY which was taken over by MSG and only carries Islanders and Devils games when Hockey is around. Their network needs a better flagship piece, and what better piece than the Yankees and an up and coming basketball team in the Nets. I bet YES starts airing more FOX produced college football and college basketball games during the offseason.

  11. #11
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    Re: News Corporationís Bid for a Stake in YES Would Value Channel at $3 Billion

    RT @BloombergNews BREAKING: News Corp. to buy 49% stake in YES Network; terms undisclosed.

    https://twitter.com/BloombergNews/st...24597644386304
    [FONT=Arial Black][SIZE=3][B]ďI would like to take the great Di Maggio fishing....They say his father was a fisherman. Maybe he was as poor as we are and would understand.Ē[/B]
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  12. #12
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    Re: News Corporationís Bid for a Stake in YES Would Value Channel at $3 Billion


  13. #13
    Hello dum-dum... effdamets's Avatar
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    Re: News Corporationís Bid for a Stake in YES Would Value Channel at $3 Billion

    Sorry fellas....
    But this is the first step into another "CBS era"...

    It's been fun looking forward to October every year.
    I have a bad feeling about Octobers to come...
    ďBegin each day as if it were on purpose........ĒóAlex Hitchens

  14. #14

    Re: News Corporationís Bid for a Stake in YES Would Value Channel at $3 Billion

    On TV rights alone, the yankees are getting $350 million a year based on this article. Why the heck are they worry about the stupid $189 mio luxury tax threshold in 2014? That's just pure greed. Support the brand at all cost. It's worked so far and will continue to work. George was a genius.

  15. #15

    Re: News Corporationís Bid for a Stake in YES Would Value Channel at $3 Billion

    Quote Originally Posted by yankeeprideU2 View Post
    On TV rights alone, the yankees are getting $350 million a year based on this article. Why the heck are they worry about the stupid $189 mio luxury tax threshold in 2014? That's just pure greed. Support the brand at all cost. It's worked so far and will continue to work. George was a genius.
    They will get 350 million a year by 2042. They currently get around 85 million a year from TV.

  16. #16
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    Re: News Corporationís Bid for a Stake in YES Would Value Channel at $3 Billion

    Quote Originally Posted by Jerkface View Post
    They will get 350 million a year by 2042. They currently get around 85 million a year from TV.
    The Advertising value of that contract is probably $250M or more currently. Which means the Steinbrenners get $85 Million on the Yankees side and at least $165 Million on the YES side, which they split with their co-owners like Goldman Sachs but that is sheltered from MLB revenue sharing

    Quote Originally Posted by yankeeprideU2 View Post
    On TV rights alone, the yankees are getting $350 million a year based on this article. Why the heck are they worry about the stupid $189 mio luxury tax threshold in 2014? That's just pure greed. Support the brand at all cost. It's worked so far and will continue to work. George was a genius.
    Like jerkface said, that $350M will be in 2042

    As for the Yankees obligations if they are over $189M in 2014, you can learn a little more about the consequences by reading:
    http://www.fangraphs.com/blogs/index...sharing-syste/

  17. #17

    Re: News Corporationís Bid for a Stake in YES Would Value Channel at $3 Billion

    i suddenly feel dirty

  18. #18

    Re: News Corporationís Bid for a Stake in YES Would Value Channel at $3 Billion

    Quote Originally Posted by nnysiny View Post
    i suddenly feel dirty
    Maybe, but you'd still cash the check, no?
    http://www.youtube.com/watch?v=ZdvM0IB5Sbs

    MICRO PASSIVE/MICRO AGGRESSIVE

  19. #19

    Re: News Corporationís Bid for a Stake in YES Would Value Channel at $3 Billion

    Quote Originally Posted by ieddyi View Post
    Maybe, but you'd still cash the check, no?
    I wouldn't even return their phone calls.
    Don't tease me, you know what I do for a living.

  20. #20

    Re: News Corporationís Bid for a Stake in YES Would Value Channel at $3 Billion

    Quote Originally Posted by philleotardo View Post
    I wouldn't even return their phone calls.

    Sounds like the same logic as used by the Hostess bakers union......
    http://www.youtube.com/watch?v=ZdvM0IB5Sbs

    MICRO PASSIVE/MICRO AGGRESSIVE

  21. #21

    Re: News Corporationís Bid for a Stake in YES Would Value Channel at $3 Billion

    Quote Originally Posted by ieddyi View Post
    Sounds like the same logic as used by the Hostess bakers union......
    That they wouldn't take money from a criminal organization?
    Don't tease me, you know what I do for a living.

  22. #22

    Re: News Corporationís Bid for a Stake in YES Would Value Channel at $3 Billion

    Quote Originally Posted by philleotardo View Post
    That they wouldn't take money from a criminal organization?

    No, my point was tha both decisions showed a curious lack of logic from my perspective

    And Murdoch's media empire is criminal how ?

    If you're talking about the phone hacking, yes, that was criminal, but the people involved were a very small percentage of the entire organization.

    If you're gonna follow through on that type of logic, there's very few large organizations composed entirely of angels. You'd be growing your own food and making your own cars, etc
    http://www.youtube.com/watch?v=ZdvM0IB5Sbs

    MICRO PASSIVE/MICRO AGGRESSIVE

  23. #23

    Re: News Corporationís Bid for a Stake in YES Would Value Channel at $3 Billion

    Quote Originally Posted by ieddyi View Post

    If you're gonna follow through on that type of logic, there's very few large organizations composed entirely of angels. You'd be growing your own food and making your own cars, etc
    Corporate America is unethical? No ess.

    And I'll cut all the chase out for you and get myself in trouble. I'm not a liberal but I will cheer the day Rupert Murdoch dies, knowing full well it would change nothing about how his operation does business. It is a tragedy that the Yankees will have any affiliation with these scumbags.
    Don't tease me, you know what I do for a living.

  24. #24

    Re: News Corporationís Bid for a Stake in YES Would Value Channel at $3 Billion

    Quote Originally Posted by ieddyi View Post
    Maybe, but you'd still cash the check, no?
    not everyone is for sale

  25. #25
    First Name: Keninovich hardrain's Avatar
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    Re: News Corporationís Bid for a Stake in YES Would Value Channel at $3 Billion

    I fear this is the beginning of the end.
    We toast to the old days and DiMaggio too,
    Billy Martin and Mantle, Whitey Ford and to you

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