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.