The End of the Yankee Empire?
The Starting Five —
... YES Network is for sale. Yes, that YES Network. According to Jon Birger and Tim Arango of Fortune magazine, the New York Yankees personal sports network can be purchased for a whopping $3-$3.5 billion, twice the projected Yankee team worth: ...
Fortune Magazine: The dismantlintling of the Yankee empire
BBTF's Baseball Primer Newsblog —
Fortune Magazine: The dismantlintling of the Yankee empire The New York Yankees cable network, the YES Network, is for sale, Fortune has learned. And some baseball insiders and Yankees limited partners are wondering whether the team itself might be next.
Baseball Today: Thursday, August 2
Projo Sox Blog —
... YES, IT'S FOR SALE: Fortune magazine reports that the YES Network is for sale, and wonders if the Yankees themselves might be next. But George Steinbrenner's son Hal says the answer is no. ...
Bronx Banter: Oh, by the way: Yankees Win
Bronx Banter —
... , who saw his pitcher Charlie Haeger tossed in the eighth inning for hitting Cano with a knuckle ball: "The only thing I wish is Major League Baseball looks at this kind of stuff and sees what's really going on out there," Guillen said. "The umpire has the right to call anything, but you have to have a little bit of common sense about baseball to do that. I've never seen anyone try and get a point across with a knuckleball. "You can't win. You're a baseball employee ... a baseball bitch -- at least I am." Good ol' Ozzie. Always good for a quote. Finally, here is something that is sure to generate some conversation. According to Fortune magazine , the YES Network is for sale. That was quick, huh?
Fortune: YES (and Yanks?) For Sale
WasWatching.com —
... I heard Mike & Mike talking about this report from Fortune on ESPN Radio this AM. Here's the highlights from the article: ...
Baseball at a glance
Sports Scope —
... in the majors. ... Fortune reports that the Yankees' YES network is up for sale. There is speculation that the team will be sold as well. ... Bud Selig could soon be ...
Cablevision Probably Opening Checkbook as We Speak
Sports stories from Newsday —
... I'll look into this further and surely write a newspaper article about it, but you can read for yourself here right now a fascinating piece in Fortune about the YES Network being for sale. ...
For Sale: Pride, Pinstripes, And Michael Kay’s Head
THE BRONX CHEER —
... We’re taking the news that the YES network may be sold pretty hard. After all, who knows if YES will ever be quite the same again. What if they decide to do something drastic like cancel ‘The White Shadow’ reruns or fire Kim Jones? On the other hand, the new owners could be merciful and just and finally put an end to ‘YES’ Ultimate Road Trip’. Wishful thinking…. ...
YES YES YES: The Yankees Are Less Valuable Than Their TV Station
Deadspin —
... Yankees officials aren't confirming it, but sources tell Fortune that the network could be on the block ... and that's the ridiculous potential asking price. ...
YES for Sale; Are the Yankees?
SportsBiz - The Business of Sports Illuminated —
... Fortune reports that the Yankees regional cable network YES is for sale and that has many folks wondering, including some Yankee limited partners, if that doesn't mean the team might not be next. Of course, even if the team is next, it's not likely to bring a price anywhere near the asking price for the cable network. What might that be, in case you're in the market? Try, a cool $3 Billion, yes, with a "B", way more than the $1.2 billion that Forbes ...
YES Network On the Block?
Depressed Fan —
... There’s a report on CNN.com from Fortune (nod to ...
The YES Network Might Be Up for Sale
FanHouse —
... One of the biggest reasons that the Yankees have been able to sustain the game's largest payroll for so many reasons has been the fact that the team is partial owners of the their own cable channel, the YES Network. But how much longer will the team sit on that pot of gold? From Fortune: ...
The Future of the NY Yankees in Doubt
umpbump.com —
... Fortune Magazine is reporting that the cable network that helps feed the Yankees’ machine, the YES Network, is being shopped around for potential buyers, fueling speculation that the team itself may be next. ...
The Growing Gulf Between The AL Haves And Have-Nots
6-4-2 — an Angels/Dodgers double play blog —
... The odd part of all this is Silver's analysis taking place against the background of the inevitable speculation of who will take over the Yankees once George Steinbrenner goes away. Some part of that might already be taking place, as the Yankees' YES Network is on the block, according to Fortune, with the team perhaps next in line... or not:
Indeed, selling YES could well be part of a long-term plan to keep the Yankees in the Steinbrenner family. The windfall from YES, of which the Yanks own 36 percent, would provide a cushion to pay off any future estate taxes as well as provide the money needed to sign expensive free agents, pay draft picks and otherwise run a business heavy on fixed costs. "The reason they're cashing out is in very large part so they'll have enough cash to continue to own the team," says one source.
However you reckon it, ...
A Deeper Look at the Possible YES Network Sale
The Biz of Baseball :: Business of Sports Network —
... Earlier today, an article published by Fortune (The dismantling of the Yankee empire) reported that the YES Network is up for sale, and then adding that “some baseball insiders and Yankees limited partners are wondering whether the team itself might be next.” ...
Up for sale? YES
SPORTS COUCH POTATO —
... The YES Network, the highest-rated regional sports network and the cable home of the New York Yankees, is on the block, according to a Fortune magazine report. ...
Flotsam and Jetsam
Miscellaneous thoughts and obs...
A Large Regular —
... This year will be remembered in baseball as the year Barry Bonds broke the all-time home run record. Only one thing could eclipse this and obscure it from memory and that is a Red Sox / Cubs World Series. That's why I believe it is due to happen. It seems written in the stars... The YES Network is up for sale. How funny would it be if the current Red Sox owners bought it?.... Everyone remembers that Cal Ripken holds the all-time consecutive game streak and that the record belonged to Lou Gehrig before Ripken came along. Many people also know that Miguel Tejada was the current leader in games played (and 5th all-time) until he hurt his wrist. What many people forget is th Steve Garvey holds the NL record for consecutive games played with 1,207 and especially that Everett Scott held the record before Gehrig came almong. Scott is currently third all-time with 1,307 consecutive g ...
The dismantling of the Yankee empire
Yankees baseball blog —
... The highest-rated regional sports network in the country and the cable home of the Yankees and the NBA New Jersey Nets, YES is jointly owned by the Yankees, investment bank Goldman Sachs & Co. (Charts, Fortune 500) , and former Nets owner Ray Chambers. Goldman and Chambers would like to cash out, YES and Yankees insiders say, and one source says to expect a deal by summer's end. Some possible bidders: Cablevision, Comcast, News Corp. and Verizon. Continue ...
The Bronx is Burning, 2.0
The Feeding the Monster Blog -- In which the author discusses Boston, the Red Sox, the media, and very occasionally popular music. —
... It’s definitely worth checking out…especially when compared with this Fortune magazine story about the Yankees, Steinbrenner, and the YES Network. To be fair, the Portfolio story is a major investigative piece that, judging from the magazine’s publication schedule, probably took a year to put out; the Fortune story is a much smaller project. But man does it seem lame in comparison: “Off the field, an even weightier drama is playing out. George Steinbrenner, the Yankees’ demanding, combustible, and usually larger-than-life principal owner, has been strangely silent. This silence is feeding rumors of the Boss’s failing health.” Stop the presses! ...
The Dismantling of the Yankee Empire
New York Yankees —
... of Fortune. Here is the article. ...
YES Network for Sale
Everything But the Game —
... read more... ...
Yankees to sell Yes Network
The Hardball Times —
Yankees to sell Yes Network by John Beamer August 03, 2007 Forbes reports that the Yankees could be about to sell Yes Network to the highest bidder. So how much will Yes garner? Reports suggest the figure could be in the range from $3-3.5 billion. Sheesh. That is a hefty price tag when you account for the fact that according to Forbes the Yankees themselves are only worth a shade over a billion bucks. Two conclusions can be drawn: (1) Yes Network generates a ton of profit, and (2) the Yankees are horrendously undervalued. If you want more info read this . John is an unashamed glory supporter having followed the Atlanta Braves since 1991. He blogs the Braves at ...
The Roundup: Brady’s Birthday, Surprising Bowling Talent and Blogger Fatigue
The Big Lead —
Topic A: Steinbrenner speculation
Sports Scope —
... this morning. No. 1 at Ballhype is another Yankees story -- Fortune ...
Happenings and Mishappenings: Elijah Dukes May Serve Time
Nyjer Please —
... Is the Yankees multi-billion dollar television station up for sale?- CNN ...
YES Network for Sale
My Pinstripes —
... Here's the report from CNN
Bronx Banter: Yankee Panky # 19: History, present and future converge
Bronx Banter —
... Met fans have been asking the question since May. It s time to stop. If the Mets reach the World Series and play the Red Sox, Tigers, Indians or Angels, and defeat those teams, is their championship invalid because they didn t beat the Yankees? Of course not. I know plenty of Met fans who loathe the Yankees and don t follow them at all. The people calling into the various radio programs could learn something from that group. * Roster moves. Finally, some dead weight is gone. DFAing Mike Myers and Miguel Cairo and sending down Brian Bruney, a surprise because Torre loves him, were the correct moves at this time. I'm curious to see what happens during the remainder of the waiver period. Keeping Melky Cabrera as the everyday centerfielder is a step in the right direction also. Keep the momentum going. Jason Giambi's $20-million price tag this year doesn't guarantee him a spot in the everyday lineup. NETWORK FOR SALE, SORT OF I d be remiss if I didn t mention this story. When the ...
A Tale of Three Empires
The 35th Street Review —
In 1981, the Tribune Company purchsed the Chicago Cubs from the Wrigley family for $20,000,000 and expects to sell the club this winter for a sum anywhere between $450 million and $750 million, depending on concessions made for the state of Wrigley Field and whether or not the damn governor is going to somehow end up buying it anyway.
On its own, this would be a not-too-shabby 2,250 percent return on the Tribsters’ initial investment, although one could argue current owner Sam Zell may not make a dime considering his $8.5 billion leveraged buyout of all Tribune Co. assets has since turned into an estimated $13 billion in debt - although Zell himself is only on the hook ...
