21st Century Fox will buy a majority of...

21st Century Fox will buy a majority of the Yankees Entertainment and Sports Network (YES Network), 21st Century Fox said in a news release Friday. The deal will increase 21st Century Fox’s ownership from the 49 percent it has held since 2012 to 80 percent, said the release. The remaining 20 percent will continue to be held by Yankee Global Enterprises, though the regional sports network will become a consolidated entity of 21st Century Fox, the release said. YES provides local TV coverage of Yankees baseball and Brooklyn Nets basketball games and has a footprint that includes 9 million homes in New York, Connecticut, New Jersey and parts of Pennsylvania, as well as national carriage on cable and satellite.