21st Century Fox on Friday announced it would take a controlling stake in YES Network, upping its of Yankees Entertainment and Sports (YES) Network, raising its ownership position in the RSN to 80 percent. The media conglomerate originally assumed a 49 percent stake in YES in November 2012, approximately eight months before News Corp. split its television and studio division from its publishing empire. At the time, analysts estimated the value of the minority stake at around $3.4 billion. News Corp. was given the option to purchase as much as four-fifths of YES within three years after the deal closed, but the split helped accelerate the process. While financial terms were not disclosed, 21st Century Fox said that Yankee Global Enterprises will hold onto the remaining 20 percent stake in YES Network. Tracy Dolgin, a former News Corp. higher-up—among his many accomplishments, he was a co-founder of Fox Sports—will remain president and CEO of YES. Per Needham Insights estimates, YES Network commands an average carriage fee of $3.20 per subscriber per month. All told, the network generates $468.5 million in annual affiliate revenue, plus another $73 million in ad sales. The deal gives Fox control over the most-watched, most-valuable RSN in the country, thanks in large part to YES Net’s slate of 128 live New York Yankees telecasts. The network also carries live coverage of the NBA’s Brooklyn Nets. YES executives will continue to manage the network’s programming, while... Continue reading at 'AdWeek'
[ AdWeek | 2014-01-25 00:00:00 UTC ]
Digital publishers are in trouble. There is incredible competition for direct buys from agencies. This is the cash cow, and if publishers had their preference, this is where 90% of their sales would go. Ad sales is a people- and creative-driven busin ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2013-07-03 00:00:00 UTC ]
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Former Treasury Secretary Timothy Geithner has a book deal.Mr. Geithner has an agreement with Crown Publishers, an imprint of Random House, Inc. Crown announced Thursday that Geithner's book, currently untitled, is scheduled for 2014.Mr. Geithner plans a "behind-the-scenes" account of the... Continue reading at Crains New York
[ Crains New York | 2013-03-15 00:00:00 UTC ]
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Harry Potter has joined the Kindle lending library.Amazon.com announced Thursday that on June 19, the ebook editions of J.K. Rowling's seven Potter novels will become part of the Kindle service available to Amazon Prime subscribers. Members can download a book for free once a month. Amazon's... Continue reading at Crains New York
[ Crains New York | 2012-05-11 00:00:00 UTC ]
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Barnes & Noble Inc. said Tuesday that its fiscal third-quarter net income fell 14%, as rising costs offset higher sales. The company also said it will introduce a cheaper Nook Tablet.In its latest salvo in the tablet competition Amazon.com, Barnes & Noble said it will sell a Nook Tablet... Continue reading at Crains New York
[ Crains New York | 2012-02-21 00:00:00 UTC ]
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Rupert Murdoch's US media giant News Corp is expanding its presence in the Middle East media market and beyond by agreeing to acquire a minority stake in Dubai-based media company Moby Group. Under the deal, News Corp will relinquish its 50 per ... Continue reading at Editor & Publisher
[ Editor & Publisher | 2012-01-18 00:00:00 UTC ]
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Glam Media has just acquired Ning, the build-your-own-social-network startup co-founded by Netscape creator Marc Andreessen. Glam is best known for building Web properties and an ad network targeting women, and it says it now reaches more than 200 million monthly users. Last month, it announced... Continue reading at AdWeek
[ AdWeek | 2011-09-21 00:00:00 UTC ]
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Written By: Charlotte Williams Publication Date: Tue, 30/08/2011 - 15:15 Penguin business imprint Portfolio has acquired a title by Goldman Sachs Asset Management chairman Jim O'Neill. World rights to The Growth Map was acquired jointly by Portfolio UK editorial director Joel Rickett and... Continue reading at The Bookseller
[ The Bookseller | 2011-08-30 00:00:00 UTC ]
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Publication Date: Thu, 12/05/2011 - 09:30 Lonely Planet is to move some operations to London at the same time as making 70 staff redundant in Australia. Staff at the Lonely Planet office in Melbourne have been told a large part of the company's web operations are moving to the UK following... Continue reading at The Bookseller
[ The Bookseller | 2011-05-12 00:00:00 UTC ]
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Publication Date: Thu, 12/05/2011 - 09:30 Lonely Planet is to move some operations to London at the same time as making 70 staff redundant in Australia. Staff at the Lonely Planet office in Melbourne have been told a large part of the company's web operations are moving to the UK following... Continue reading at The Bookseller
[ The Bookseller | 2011-05-12 00:00:00 UTC ]
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Bloomberg BusinessWeek is certainly seeing the fruits of its redesign labors. According to figures released by the Publishers Information Bureau, BusinessWeek experienced an increase of 49 percent in ad sales for 2011s first quarter, compared to 2010s first quarter. Continue reading at Folio Magazine
[ Folio Magazine | 2011-04-07 00:00:00 UTC ]
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Total revenue jumped 9 percent to $367 million for Meredith Corp in the second quarter of fiscal 2011, driven by strong advertising growth and integrated marketing services. Total advertising revenue for the first six months of fiscal 2011 jumped 11 percent to $420 million (with total revenue of... Continue reading at Folio Magazine
[ Folio Magazine | 2011-01-25 00:00:00 UTC ]
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