YES Inks Nets Carriage Deal

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As expected, the Yankees Entertainment Sports Network Thursday announced it
will distribute New Jersey Nets National Basketball Association games beginning
this fall as part of a 20-year carriage agreement with the team.

YES will telecast 73 Nets regular season games beginning with the Oct. 30
Nets-Atlanta Hawks opening season game.

While the agreement is for 20 years, the network also holds two five-year
extension options that could push the agreement to 30 years, according to
sources.

YES CEO Leo Hindery said the deal 'will significantly enhance our year-round
live sports programming.'

With the deal, which is subject to league approval, YES again gains valuable
cable rights to a pro sports team at the expense of a Cablevision Systems Corp.
owned regional sports network.

The MSO has a controlling interest in Fox Sports Net New York, which had
carried Nets telecasts since 1985, when it was known as SportsChannel New
York.

YES also acquired 130 New York Yankees games from Cablevision-controlled
Madison Square Garden Network.

YES, the Yankees and Nets are all owned by the YankeesNets LLC holding
group.

Representatives from Fox Sports Net New York would not comment on the
matter.

Cablevision, however, has yet to reach a carriage agreement with YES. The MSO
wants to offer the high-priced sports network on a pay tier, while YES wants
basic carriage.

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