News Corp (NWSA -0.2%) acquires SportsTime Ohio, a regional sports network based in Cleveland....

|About: News Corporation (NWSA)|By:, SA News Editor

News Corp (NWSA -0.2%) acquires SportsTime Ohio, a regional sports network based in Cleveland. Terms of the deal have not been disclosed, but the price tag is estimated to be about $230M. The deal is part of an effort by the company to ramp up efforts to control the rights to key sports teams in response to Time Warner Cable's $3B deal in 2011 to carry the Los Angeles Lakers basketball games on its SportsNet Channel.