(Originally published by the Daily News on January 4, 1973. This story was written by Phil Pepe.)
The Yankees have been sold to Mike Burke and George Steinbrenner III and 10 owners to be named later.
At a press conference yesterday in Yankee Stadium, Michael Burke presiding, it was announced that the CBS eye has had it. After nine years, the network is bowing out of the baseball business for $10 million, or $3.2 million less than CBS paid for the club.
Burke pointed out, however, that the loss was no loss at all to the network.