On Air Now

Current Show

Jerry Bader   9:00 AM - 11:00 AM

Call The Jerry Bader Show at 1-888-455-1360

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 550 AM Wausau, WI 99.9 FM Stevens Point, WI

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
52° Feels Like: 52°
Wind: NNW 5 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Scattered Thunderstorms 68°

Tonight

Mostly Clear 32°

Tomorrow

Sunny 54°

News Corp close to deal for YES stake: WSJ

(Reuters) - News Corp is in the process of closing a deal to buy a minority stake in New York regional sports network YES, the Wall Street Journal reported on Wednesday, citing sources.

A deal that values the home network of the New York Yankees at about $3 billion is expected to be announced in the coming days, the Journal reported.

News Corp will be acquiring about 40 percent of the network, most of which will come from stake sales by Goldman Sachs Group Inc and Providence Equity Partners, the Journal said.

News Corp owns Dow Jones & Co, which publishes The Wall Street Journal.

The deal comes amid rising fees for sports rights and values for the networks that own them, the Wall Street Journal reported.

News Corp could not be immediately reached for comment by Reuters outside regular U.S. business hours.

(Reporting By Neha Dimri in Bangalore; Editing by Muralikumar Anantharaman)

Comments