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Newscorp buying big stake in YES Network

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jersey cubs fan
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Newscorp buying big stake in YES Network

Postby jersey cubs fan » Tue Nov 20, 2012 10:23 am

Yankees ownership wanting to take the cash at this point may be signalling a top in the market for team owned networks.

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Re: Newscorp buying big stake in YES Network

Postby yanrslatr » Tue Nov 20, 2012 10:38 am

Gotta give Delaney credit. I did not see him adding the Yankees to the big ten.

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Re: Newscorp buying big stake in YES Network

Postby CubInOK » Tue Nov 20, 2012 10:49 am

Mariner's Revenge wrote:Gotta give Delaney credit. I did not see him adding the Yankees to the big ten.

Will they be in the Leaders or Legends division?

How good will their football team be in 2013?

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Re: Newscorp buying big stake in YES Network

Postby Fro » Tue Nov 20, 2012 10:50 am

jersey cubs fan wrote:Yankees ownership wanting to take the cash at this point may be signalling a top in the market for team owned networks.


I believe this is going to come out of Goldman Sachs and Providence Equity Partners' stake, not the % owned by the Yankees which they are keeping.
Last edited by Fro on Tue Nov 20, 2012 10:52 am, edited 1 time in total.

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Re: Newscorp buying big stake in YES Network

Postby jersey cubs fan » Tue Nov 20, 2012 10:52 am

Fro wrote:
jersey cubs fan wrote:Yankees ownership wanting to take the cash at this point may be signalling a top in the market for team owned networks.


I believe this is Goldman Sachs, etc's stake, not the % owned by the Yankees which they are keeping.


Perhaps, it's 49% though and supposedly with an opportunity to acquire a majority within a couple years.

Those guys wanting out now though is an even stronger signal.

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Re: Newscorp buying big stake in YES Network

Postby Sammy Sofa » Tue Nov 20, 2012 10:54 am

So, what, this is another potential advantage the Cubs are going to miss out on? Sweet.
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Re: Newscorp buying big stake in YES Network

Postby Cubswin11 » Tue Nov 20, 2012 10:56 am

jersey cubs fan wrote:
Fro wrote:
jersey cubs fan wrote:Yankees ownership wanting to take the cash at this point may be signalling a top in the market for team owned networks.


I believe this is Goldman Sachs, etc's stake, not the % owned by the Yankees which they are keeping.


Perhaps, it's 49% though and supposedly with an opportunity to acquire a majority within a couple years.

Those guys wanting out now though is an even stronger signal.

Possibly, could also be for tax purposes too. With the increases likely coming in cap gains and the corporate tax they are probably wanting to get out now and pay less in taxes and maximize profits on their gains. This is especially true if the entities selling are on the investment banking side (Goldman, etc.) as they are short term guys anyways whereas a company like Newscorp probably sees this as a long-term investment.

If I had to make a guess I'd say this move is likely more an indication of investors seeing the likely tax increases coming and making a decision based off that than an indication of where they think the future of team owned networks is going.
Last edited by Cubswin11 on Tue Nov 20, 2012 1:02 pm, edited 1 time in total.
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Re: Newscorp buying big stake in YES Network

Postby Castro's Spray Chart » Tue Nov 20, 2012 12:45 pm

"Evil Empire," indeed.
neely wrote:but in reality
2006 .364
2007 .351
2008 his one big year
2009 .347
2010 90 games played
2011 .323
what do you call that?

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Re: Newscorp buying big stake in YES Network

Postby SouthSideRyan » Tue Nov 20, 2012 1:52 pm

Nuts&Gum wrote:So, what, this is another potential advantage the Cubs are going to miss out on? Sweet.


This is just all the more reason we shouldn't spend any money until 2019.
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Re: Newscorp buying big stake in YES Network

Postby Hairyducked Idiot » Tue Nov 20, 2012 2:13 pm

SouthSideRyan wrote:
Nuts&Gum wrote:So, what, this is another potential advantage the Cubs are going to miss out on? Sweet.


This is just all the more reason we shouldn't spend any money until 2019.


Almora and Baez will be, what, 26 then? Better wait a year or two until they are truly in their primes.

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Re: Newscorp buying big stake in YES Network

Postby davell » Wed Nov 28, 2012 9:50 am

I think we better get as much as we possibly can in 2014 when WGN runs out. Whether its thru Comcast, Ricketts buys out Comcast, or whatever, I seriously doubt the bubble will be as good 5 years later.


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