Fox ups stake in Yankees network to 80%

|By:, SA News Editor

21st Century Fox (FOX, FOXA) has raised its stake in the YES Network, which has exclusive local broadcast rights for New York Yankees and Brooklyn Nets games, to 80% from a prior 49% (acquired in 2012). Terms are undisclosed. (PR)

The Yankees will retain a 20% stake, and YES CEO Tracy Dolgin will remain in his current role. YES reaches 9M households in the NYC area, and also distributes programming nationwide.