Fox to Secure Controlling Stake in YES Network

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 ]
News tagged with: #minority stake #financial terms #ad sales #large part #business side #goldman sachs

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Fox on board to narrate Mason's Sorrow and Bliss

Emilia Fox is to read the audiobook of Sorrow and Bliss by Meg Mason, publishing with Weidenfeld & Nicolson in February.  Continue reading at The Bookseller

[ The Bookseller | 2021-01-14 18:36:31 UTC ]
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Fox News and the real insurrection

If there’s one thing that Fox News could use, it’s more right-wing opinion programming. Yesterday, Fox announced a scheduling reshuffle that, among other tweaks, will see Martha MacCallum’s news show replaced in the 7pm Eastern hour by a new opinion program with a rotating cast of hosts; Brian... Continue reading at Columbia Journalism Review

[ Columbia Journalism Review | 2021-01-12 13:23:07 UTC ]
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Plath and Louverture biographies compete for Slightly Foxed Prize

Three biographies published by Penguin Random House, including ones of poet Sylvia Plath and Haitian general Toussaint Louverture, are competing on the five-strong shortlist for the Slightly Foxed Best First Biography Prize. Continue reading at The Bookseller

[ The Bookseller | 2021-01-12 05:51:35 UTC ]
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The network effect

One of the great joys of publishing is the fact that it is an inherently collaborative, team-focussed industry. From the ground up, we are built on an interlinked web of strong, consistently nurtured relationships. The importance of community and networks cannot be overstated – it is our... Continue reading at The Bookseller

[ The Bookseller | 2020-12-17 23:37:12 UTC ]
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Red Ventures secures Lonely Planet

Red Ventures, a platform of digital businesses, has acquired global travel media company and guidebook brand Lonely Planet from NC2 Media for an undisclosed amount.  Continue reading at The Bookseller

[ The Bookseller | 2020-12-02 03:06:06 UTC ]
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Michael J. Fox mixes candor, humor and hope in his heartfelt new memoir

In “No Time Like the Future,” the beloved actor and activist offers life lessons he’s learned the hard way. Continue reading at The Washington Post

[ The Washington Post | 2020-11-24 15:00:00 UTC ]
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Fox, Newsmax, and the danger of low expectations

On Thursday night—in the hours after President Trump’s lawyers Rudy Giuliani and Sidney Powell convened a press conference and laundered spectacularly-deranged voter-fraud conspiracy theories involving Hugo Chávez, George Soros, and the Clintons—Tucker Carlson, the Fox News host, said on air... Continue reading at Columbia Journalism Review

[ Columbia Journalism Review | 2020-11-23 13:19:50 UTC ]
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Bonnier buys majority stake in Norway's Strawberry Publishing

Bonnier Books has acquired a majority stake in Norwegian publishing group Strawberry Publishing AS. Continue reading at The Bookseller

[ The Bookseller | 2020-11-19 01:57:40 UTC ]
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Election Night Coverage Draws 56.9 Million Viewers Across 21 Networks

The 2020 presidential race between President Donald Trump and former Vice President Joe Biden has yet to be decided--but the Nielsen numbers are in. Editor's note: According to updated data from Nielsen, 56.9 million total viewers watched prime time coverage of election night 2020 across 21... Continue reading at AdWeek

[ AdWeek | 2020-11-04 22:15:12 UTC ]
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Late night pre-empt secures Gutierrez's 'remarkable' literary suspense for PMJ

Penguin Michael Joseph has acquired the literary suspense novel More Than You’ll Ever Know by Katie Gutierrez after a late night pre-empt made within 24 hours of reading the manuscript. Continue reading at The Bookseller

[ The Bookseller | 2020-11-03 11:44:54 UTC ]
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Navigate360, a security-services company, buys Social Sentinel, a threat-detection company

Social Sentinel technology scans and analyzes digital content to identify potential safety and security threats, according to Richfield-based Navigate360. Continue reading at Silicon Valley Business Journal

[ Silicon Valley Business Journal | 2020-10-27 16:39:45 UTC ]
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Frisco social media network raises angel funding from Austin investor

A Frisco startup is looking to cut through the noise of other social media apps and give digital content creators a way to reach more fans. TUBBR, an invite-only social network, announced landing Angel Funding from Global Ascent Partners that it plans to use for its upcoming beta launch.... Continue reading at Silicon Valley Business Journal

[ Silicon Valley Business Journal | 2020-10-24 12:00:00 UTC ]
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Barnes & Noble apologizes for ‘serious network issue’ after days-long Nook disruptions

Customers have reported days of disruption to the Nook e-reader service, as well as other systems that the company said have since been restored. After users reported issues with Nook e-reader book access for days, with Barnes & Noble saying Monday that a “system failure” was interrupting... Continue reading at Fast Company

[ Fast Company | 2020-10-14 17:46:15 UTC ]
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Because there is no morality in capitalism, Fox News is getting its own imprint at HarperCollins.

To mark the 24th anniversary of the Fox News Channel’s debut, HarperCollins and Fox News Media have announced the creation of a new imprint that will publish a stream of books I’m sure you’ll read by Fox News personalities. If the pairing seems unexpected, it’s anything but. Rupert Murdoch, who... Continue reading at Literrary Hub

[ Literrary Hub | 2020-10-07 16:16:12 UTC ]
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Fox News Is Launching a Book Line

Fox News has created Fox News Books and signed a three-book deal with HarperCollins, whose Broadside Books will oversee the imprint. Continue reading at Publishers Weekly

[ Publishers Weekly | 2020-10-07 04:00:00 UTC ]
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Fane becomes independent as founder reacquires majority stake

Literary events production company Fane has become independent, after its founder Alex Fane sealed a reaquisition of the 80% majority stake from Original Talent.  Continue reading at The Bookseller

[ The Bookseller | 2020-10-05 22:09:50 UTC ]
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Fox to voice audio edition of Hislop’s One August Night

Emilia Fox is narrating Victoria Hislop’s One August Night (Headline Review), 15 years after reading for its predecessor, The Island. Continue reading at The Bookseller

[ The Bookseller | 2020-10-02 09:10:58 UTC ]
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Network to make children's publishing less London-centric, say CBN founders

The founders of Children's Book North have advised industry staffers in the north to network as they look to reduce publishing's London focus.  Continue reading at The Bookseller

[ The Bookseller | 2020-09-30 20:38:57 UTC ]
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White House 'pressured official to say John Bolton book was security risk'

Ex-National Security Council official claims she was pressured her to say manuscript contained sensitive information after her department had cleared itA former National Security Council official who while working there reviewed John Bolton’s memoir for classified information before publication,... Continue reading at The Guardian

[ The Guardian | 2020-09-24 15:10:36 UTC ]
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Walker Books secures world rights to DiCamillo and Blackall's first collaboration

Candlewick Press, a US imprint of the Walker Book Group, has acquired global rights to The Beatryce Prophecy, the first collaboration from author Kate DiCamillo and illustrator Sophie Blackall.  Continue reading at The Bookseller

[ The Bookseller | 2020-09-18 00:15:20 UTC ]
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