News Corp. (NASDAQ:NWS) will launch a new cable sports network in August just in front of the...

News Corp. (NASDAQ:NWS) will launch a new cable sports network in August just in front of the college football season, according to sources. Initially, the network will feature Nascar auto racing, Major League Baseball games, soccer, as well as college football and basketball. Things will get interesting when Fox Sports 1  - along with new sports networks from NBC and CBS - tries to wrestle key contracts away from ESPN.