mogul Rupert Murdoch appears to be in a buying mood, according to a New York Times report on Monday.
Amy Chozick reported that Murdoch’s News Corporation, after spending more than a year dealing with the fallout from a phone-hacking scandal in Great Britain, may be after a 49-percent stake in New York’s YES Network.
That, in turn, could lead to a national sports network designed to compete with industry giant ESPN.
News Corporation, according to Chozick, is in the middle of a restructuring that will move its publishing assets, such as the Wall Street Journal and the New York Post, into a separate company.
This split would enable Murdoch to buy things he likes without annoying or alienating investors who are ...
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