Tuesday, November 20, 2012

News Corp & My Yankees

I haven't entirely thought through the ramifications of this transaction yet, but let's just say I'm extraordinarily worried that the scumbag who sent the tweet below can potentially own 80% of the YES network.

In some ways, I respect Rupert Murdoch. He doesn't really hide the fact that he openly advocates for global policies that narrowly benefit himself and a small slice of fellow trillionaires. He's refreshingly honest about it actually. He doesn't see the need to maintain the fiction of the "wall of separation" between News Corp's executives and its editorial staff. They are one and the same.

However, I just get that icky feeling when I think of News Corp owning the YES Network. I know Murdoch isn't buying the Yankees per se, but by design, the network and the Yankees have been inexorably linked since the channel's inception. I had been led to understand that this partnership has been amazingly lucrative for the Yankees since the YES broadcast debut in 2002. So I guess I don't understand the Steinbrenners reason for selling. I don't believe they were experiencing any financial difficulties and they weren't dealing with the Madoff scandal like the NY Mets. So I'm not sure what's going on exactly. All I know is I am worried how this reduced revenue stream will affect Yankee spending decisions.

I understand outside criticism of Yankees spending habits (and I heartily embrace the Evil Empire moniker), but, personally, I love it. Some Yankees fans get personally offended by bad contracts, but they don't really bother me. It's not my money. What the fuck do I care? It's nice to be able to root for a team that can absorb multi-million dollar blunders like AJ Burnett, Carl Pavano, and Kevin Brown. But selling off the YES network to News Corp gives me pause. Will the Yankees be able to absorb bad contracts like Tex and ARod when we're not flush with YES money. I can't find the angle here.

Like I said, I haven't thought this all the way through yet. I just like writing dimwitted blog posts immediately after news is released in order to maximize google search results. Ka-ching!!! [Is what I would say if I had some kind of ad-revenue-generating model on my blog].

1 comment:

  1. The Yankees will still get YES money. 9% less than they were getting previously plus is gives them a big infusion of cash now (hello Josh Hamilton).