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Fox ups ownership of YES Network to 80 percent

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The YES Network suffered a big ratings drop last year, but it has not stopped Fox from increasing its ownership share from 49 to 80 percent.

The remaining 20 percent of the network will continue to be held by Yankee Global Enterprises, and the YES Network will become a consolidated entity of 21st Century Fox.

"Clearly, 21st Century Fox is a great partner for us as the YES Network fulfills and expands its potential as one of the nation's premier regional sports networks," Yankees managing general partner Hal Steinbrenner said in a statement. "We are gratified that 21st Century Fox has increased their stake and investment in the network. Yankee Global Enterprises is eager to continue working with 21st Century Fox as we explore ways to

Launched in 2002, the YES Network delivers exclusive live local television coverage of Yankees baseball and Brooklyn Nets basketball, as well as other Emmy Award-winning local and national sports programming. It is available in approximately nine million homes in New York, Connecticut, New Jersey and parts of Pennsylvania, plus being nationally available on several cable and satellite television distributors.

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