Back to School Offer

Get 20% of Your First Order amount back in Reward Credits!

Get 20% of Your First Orderback in Rewards

All papers examples
Get a Free E-Book! ($50 Value)
HIRE A WRITER!
Paper Types
Disciplines
Get a Free E-Book! ($50 Value)

WSJ Article Journal, Essay Example

Pages: 1

Words: 328

Essay

An article in Wall Street Journal reports that media giant News Corp. is going to acquire a minority stake in New York regional sports network YES which is the home network of New York Yankees. The deal is coming at a time when fees for sports rights are growing at a rapid pace and the networks owning the rights are also enjoying growing values. New York Yankees typically attracts larger local audiences for their games than other sports teams and play in the country’s largest media market. Currently, the fees received by YES from cable operators is low but the network is expected to significantly raise its fees once the contracts with cable operators expire (Futterman).

This article demonstrates the importance of scanning the external environment for opportunities and taking advantage of them before the competition. News Corp. realized that YES network has a large subscriber base and its fees will go up once current contracts with cable operators expire, thus, it has decide to buy a minority stake now which may even allow it to buy on the cheap. Highest fees may also increase the value of YES in the future.

News Corp. move is a great strategy because it is already a media company and adding a new business which complements its core competencies and adds valuable revenue stream. By acting now, it may also be getting the stake on cheap.

Once current cable contracts expire, fees for sports networks like YES will significantly go up which may also force cable companies to increase subscription fees for the consumers. News Corp. will have a significant advantage in negotiations with cable operators because Yankee has a large and loyal fan base. I chose this article because it shows the importance of scanning the external environment for opportunities and acting upon them in a timely manner. Organizations that act earlier also gain advantage over the competition.

Reference

Futterman, Matthew. News Corp. Nears Deal for YES Stake. 14 November 2012. 14 November 2012 <http://online.wsj.com/article/SB10001424127887324735104578119832333743590.html?mod=WSJ_business_whatsNews>.

Time is precious

Time is precious

don’t waste it!

Get instant essay
writing help!
Get instant essay writing help!
Plagiarism-free guarantee

Plagiarism-free
guarantee

Privacy guarantee

Privacy
guarantee

Secure checkout

Secure
checkout

Money back guarantee

Money back
guarantee

Related Essay Samples & Examples

Prevent terrorist strikes on American soil, Essay Example

Goal, Objectives, and Strategies The Department’s goal is to protect the homeland by thwarting terrorist threats and implementing emergency plans. These are the Department’s top [...]

Pages: 1

Words: 412

Essay

Science and Technology and Nation-Building, Essay Example

Science plays a pivotal role in technology. The combination of science and technology (S&T) results in the development of new knowledge used to improve human [...]

Pages: 3

Words: 768

Essay

Plato’s Portrayal of Socrates and the Historical Socrates, Essay Example

Socrates, the Athenian philosopher, changed how philosophers thought about the world. However, modern audiences believe that Socrates did not write any of his ideas down [...]

Pages: 5

Words: 1285

Essay

Narratives That Shape Our World, Essay Example

The context and the values in the text Othello by William Shakespeare have shaped me in perspective through the main character Othello. I perceive life [...]

Pages: 6

Words: 1574

Essay

Cyber Security Career Path, Essay Example

Background The field of technology is quite intriguing. It’s fascinating to see how different technologies operate and what they have in common. It amazes me [...]

Pages: 7

Words: 1796

Essay

Impacts of Wildfires on Us GDP Growth, Essay Example

Abstract When there are significant wildfires, the lives of workers, their families, and their employers are all affected. However, firefighting and repairing the damage may [...]

Pages: 19

Words: 5176

Essay

Prevent terrorist strikes on American soil, Essay Example

Goal, Objectives, and Strategies The Department’s goal is to protect the homeland by thwarting terrorist threats and implementing emergency plans. These are the Department’s top [...]

Pages: 1

Words: 412

Essay

Science and Technology and Nation-Building, Essay Example

Science plays a pivotal role in technology. The combination of science and technology (S&T) results in the development of new knowledge used to improve human [...]

Pages: 3

Words: 768

Essay

Plato’s Portrayal of Socrates and the Historical Socrates, Essay Example

Socrates, the Athenian philosopher, changed how philosophers thought about the world. However, modern audiences believe that Socrates did not write any of his ideas down [...]

Pages: 5

Words: 1285

Essay

Narratives That Shape Our World, Essay Example

The context and the values in the text Othello by William Shakespeare have shaped me in perspective through the main character Othello. I perceive life [...]

Pages: 6

Words: 1574

Essay

Cyber Security Career Path, Essay Example

Background The field of technology is quite intriguing. It’s fascinating to see how different technologies operate and what they have in common. It amazes me [...]

Pages: 7

Words: 1796

Essay

Impacts of Wildfires on Us GDP Growth, Essay Example

Abstract When there are significant wildfires, the lives of workers, their families, and their employers are all affected. However, firefighting and repairing the damage may [...]

Pages: 19

Words: 5176

Essay

Get a Free E-Book ($50 in value)

Get a Free E-Book

How To Write The Best Essay Ever!

How To Write The Best Essay Ever!