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YES Network Said to Extend Yankees Game Rights Through 2042

YES Network obtained rights to air New York Yankees games for five additional years, clearing the way for News Corp. to buy a 49 percent stake in the regional sports channel, said two people with knowledge of the pact.

YES will have rights to the Yankees through 2042, said the people, who requested anonymity because the transaction hasn’t been announced. By the end of the contract, YES will pay the Major League Baseball team about $350 million a year for TV rights, they said.