The Yankees, Amazon and Sinclair Broadcast Group have reached a deal with Disney to buy the YES Network for $3.47 billion, The Post has learned.
The Post on Thursday broke the news that the group was near a deal to buy YES, one of New York’s most prominent cable sports channels, from Disney for about $3.5 billion.
The deal, which has been accepted by Disney, will be for the 80 percent of YES that the Yankees don’t already own.
Disney is selling YES — along with 21 other regional sports channels throughout the country — to gain regulatory approval for its $71 billion deal to buy Twenty-First Century Fox because Disney also owns ESPN.
As The Post reported Thursday, Amazon is seeking to extend its reach into streaming sports events, and this deal will allow the company to stream Yankees and Brooklyn Nets basketball games.
Sinclair, which owns 193 local TV stations, also has larger ambitions. The conservative media company plans to use YES to help it sell other programming it owns, like the Tennis Channel, Stadium or science fiction network Comet, to New York cable companies, a source close to the situation said.
The YES deal won’t need Federal Communications Commission approval, which is good for Sinclair following the company’s scuffle with the FCC last summer, forcing it to withdraw its planned $3.9 billion acquisition of Tribune Media.