New York, January 28, 2014 -- Moody's Investors Service said that Twenty-First Century Fox, Inc.'s ("FOX"), wholly owned subsidiary 21st Century Fox America, Inc's Baa1 senior unsecured ratings and stable outlook will not be impacted by its announcement to purchase a majority stake in Yankees Entertainment and Sports Network (YES Network) and raise its ownership position in the regional sports network to 80%. In 2012, FOX initially acquired a 49% equity interest in YES Network for $834 million (includes $250 million of upfront costs). The YES Network delivers a variety of local and national sports programming, including New York Yankees baseball and Brooklyn Nets basketball games. The transaction is subject to regulatory approvals and is expected to close by the end of March 2014.

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