By Sinclair Broadcast Group, Inc.
As part of a consortium led by Yankee Global Enterprises, Sinclair Broadcast Group, Inc. (“Sinclair”) (NASDAQ: SBGI) announced that an indirect subsidiary of Diamond Sports Group has acquired a 20% equity interest in the Yankee Entertainment and Sports Network (“YES Network”), valued at approximately $346 million on a total enterprise value of $3.47 billion. In addition, under the YES Network management team, Sinclair will direct the YES Network’s traditional and virtual distribution relationships.
The YES Network is the country’s most-watched regional sports network (RSN), broadcasting games, programs and specialty content for the New York Yankees, the Brooklyn Nets, Major League Soccer’s New York City FC, and the WNBA’s New York Liberty.
Posted on September 3, 2019