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.

Alex Bregman shaved his mustache off in the middle of Sunday’s game

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Astros third baseman Alex Bregman apparently wasn’t happy with his mustache on Sunday afternoon as he shaved it off in between innings during his team’s contest against the Royals. Bregman walked and later scored in the Astros’ eight-run second inning, but when he took his next plate appearance in the fourth inning, he was clean-shaven.

Sometimes you just need to switch things up. 🤷‍♂️🤷‍♀️

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Bregman made a throwing error in the seventh and finished 0-for-4 with the walk on the afternoon. The Astros won 11-3.

Bregman isn’t the only player to make headlines for his facial hair recently. Nationals outfielder Bryce Harper recently shaved his signature beard. The Yankees approve of what both players have done.