News Corp acquires their stake in YES Network

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We heard about this last week, but now it’s official and now we know how big a stake:

News Corporation said Tuesday it was acquiring a 49 percent stake in the Yes Network, the New York Yankees’ regional cable sports channel. Yankee Global Enterprises, Goldman Sachs and other investors will reduce their ownership as part of the transaction.

News Corp gets an option to buy up to an 80 percent stake in the network.  If that were to happen the Steinbrenner family and the Yankees, obviously, would be a lot more like every other team which receives rights payments from a broadcaster rather than having one side of the house pay the other. Which makes this more interesting:

The Yankees also committed to stay on Yes Network through 2042, subject to approval of the deal from Major League Baseball.

Huh. You have to assume that there is some sort of mechanism to automatically keep those TV rights at the top of the market, because locking in to some sort of relationship for the next thirty years would, quite obviously, hurt the Yankees’ ability to get top value for broadcast rights from the presumably then third-party YES Network.

Frontier League team names itself the “Florence Y’alls”

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If you’ve ever found yourself on I-75/71 in Kentucky, just over the river from Cincinnati, you’ve no doubt noticed the water tower for the city of Florence, Kentucky.  Its top is painted with red and white stripes and, instead of featuring the town’s name or the name of the local water concern, it says, “Florence, Y’all.”

The water tower is a nice welcome to Dixie, even if Kentucky isn’t really Dixie. The point is that, if you’re from Ohio or Michigan or someplace and you see it, you know you’re on your way to Lexington or Louisville, or points south. To warmer climes, southern charm and hospitality and, hopefully, a nice little trip.

The folks who support the Frontier League baseball team in Florence no doubt realize the kind of chatter that surrounds that water tower, because they just voted to rename their team:

And they added a handy dandy explainer:

I like it. And I like the idea of naming a baseball team after a notable and much talked-about roadside sign. Which is to say that, if I ever get a baseball team here in Ohio, I’m also gonna name it after a famous sign you see while driving on the interstate not too far from me:

Yeah, that’s a thing. And my baseball team would not even be the first sports thing named after it.

Alternatively, I could put one closer to my house and call it the “ODOT SUCKS.” May be better.

Viva local culture.