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News Corp. to Buy Cleveland Indians Sports Channel

It seems that News Corporation loves baseball. Or maybe the company buying Cleveland’s SportsTimeOhio — the network owned by the Cleveland Indians — only weeks after purchasing a stake in YES is more about business than pleasure.

Either way, News Corp. is expected to announce the acquisiton of SportsTimeOhio this week. According to Reuters, News Corp. will purchase the TV channel for about $230 million, and the deal would give News Corp. the rights to broadcast the Indians’ games.

Larry Dolan, the owner of the Indians, is rumored to want the deal done soon, so he can avoid potential tax increses being proposed by President Obama.

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