YES Network For Sale

[dustintv]

Was listening to 1010 WINS online this morning and they have reported that the YES Network has been put up for sale. CNN has the infomation as well:

http://money.cnn.com/2007/08/01/news/companies/yes_sale.fortune/index.htm?section=money_latest

There is also speculation that the team is for sale as well.

 

[chuckydoll]

The CNN story is from Fortune magazine, a corporate cousin.

Specifically, Goldman Sachs and former New Jersey Nets owner Ray Chambers want to sell their holdings in YES. Finding new co-owners will not be easy. Comcast and Time Warner are part-owners of SNY; Cablevision has its hooks in MSG Network and FSN New York. (Cablevision also refused to carry YES in its first year on the air).

Original post to the contrary, the Yankees are NOT for sale. George Steinbrenner may not be in the best of health but he wants to ensure that his heirs will control the club when The Boss passes on. That's somewhat more complicated as his designated successor (and son-in-law) filed for divorce earlier this year.

 

[dustintv]

edited

 

[dustintv]

Original post to the contrary, the Yankees are NOT for sale.

Which means you did not read the actual story aside to nitpick that the story orginally came from Fortune. I did not say the Yankees are for sale, I said there was speculation. From the article:

Even so, there remains speculation among the Yankees limited partners and other baseball insiders that Hal is simply echoing the wishes of an ailing father - that the Steinbrenners do not intend on keeping the team long term. The topic of a sale "comes up all the time" in conversations with the other partners, says Yanks minority owner Edward Rosenthal, a retired steel executive. Adds another Yankees limited partner: "If I were handicapping it, I think we're looking at a sale of the team within three or four years."