News Corp to purchase a stake in YES Network

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As Calvin Coolidge once said, the business of the Yankees is business:

News Corp is expected to announce this week that it has taken a minority stake in the YES Network, a New York-based sports channel that broadcasts Yankee baseball and Nets basketball games. The deal could be announced as early as Friday, according to a person with knowledge of the transaction.

It does not seem as though there will be any content sharing or anything like that. It’s a minority stake. The Reuters report speculates that a News Corp-YES alliance will give YES greater leverage in negotiating fees cable companies must pay it to carry the channel because Fox channels could be brought into the negotiation.

I think they should further leverage the Fox relationship by putting Karl Rove on postgame duty:

Michael Kay: And that’s it from here in Yankee Stadium. Final score: Oroles 5, Yankees 3.

Rove:  WAIT! NO! THIS IS NOT FINAL!

 

Yoenis Cespedes leaves game with pulled hamstring

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The Mets and Braves are playing today and it’s not a great day for the Mets in the injury department.

First they scratched Noah Syndergaard with a “tired arm.” Now they’ve lost Yoenis Cespedes, who pulled up limping at second base following a double in the bottom of the fourth:

The team has announced that he has pulled his left hamstring.

Cespedes, of course, missed three games over the weekend due to hamstring issues. That was merely tightness, however, and following an off day and a rainout, Cespedes played last night without incident. But it now looks as though he’s going to miss some serious time.

No done deal for Jeter and Jeb: Rob Manfred says two groups still in play for the Marlins

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For all of the headlines about Derek Jeter and Jeb Bush buying the Miami Marlins, this is looking like anything but a done deal. First is the small matter of the billion and a half bucks Jeter and Jeb need to put together. Then there’s the matter of there being another . . . mystery bidder!

That according to commissioner Rob Manfred who says two groups are still bidding to buy the Marlins. He said this morning at the groundbreaking for the Jackie Robinson Museum, adding “There is no agreement in place. We’re working with more than one group . . . there is not a signed document on any topic.”

Despite this, Manfred said that “the timeline is relatively short; it would be measured in days, not months.” So someone is likely to find that billion and a half bucks soon, I reckon.