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 Post subject: Unloadable
PostPosted: Fri Nov 07, 2008 11:08 am 
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Joined: Mon Nov 14, 2005 3:47 pm
Posts: 4655
Location: New York City
Tribune may retain half of Chicago Cubs: report
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Fri Nov 7, 2008 4:51am EST


(Reuters) - Newspaper publisher and broadcaster Tribune Co may end up holding 50 percent or more of its storied Chicago Cubs baseball franchise as the credit crunch stalled sales talks, the Wall Street Journal said.

In recent weeks, an early plan to sell a 95 percent stake has fallen to about half as suitors' ability to buy the team and its stadium on Chicago's North Side waned, the paper said citing two people involved in the negotiations.

On Thursday, bidders were preparing to receive a request to submit new purchase proposals with financing details, those people told the paper.

Tribune is selling assets to help pay down debt, which stood at $12.5 billion at the end of the second quarter. Declines in readership and advertising dollars at such newspapers as the Chicago Tribune and Los Angeles Times have added to the pressure on the company to secure funds to avoid default.

Real estate magnate Sam Zell, who led the $8.2 billion buyout of Tribune Co last year, told CNBC last month that he expected to sell the Cubs before year end.

Tribune could not be immediately reached for comment.


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 Post subject: Re: Unloadable
PostPosted: Fri Nov 07, 2008 4:49 pm 
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Joined: Mon Apr 08, 2002 12:01 am
Posts: 1775
Location: Baltimore
Does this mean the team will cut back on its roster? Perhaps have everyday position players also serve as relief pitchers? And as the grounds crew?
Perhaps bench players could sell beer and hot dogs in the stands.
You know -- the direction that papers are taking.


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 Post subject: Re: Unloadable
PostPosted: Sat Nov 08, 2008 1:05 pm 
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Joined: Mon Nov 14, 2005 3:47 pm
Posts: 4655
Location: New York City
First, Tribune will need to find a manager, whom it will call the "innovation manager." He must have no experience whatsoever in baseball, never have been to a game, and be unable to fill out a scorecard.


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 Post subject: Re: Unloadable
PostPosted: Sat Nov 08, 2008 4:19 pm 
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Joined: Thu Sep 19, 2002 12:01 am
Posts: 175
Location: Syracuse
Mark DeRosa attended the Wharton School at Penn. He could probably work the business copy desk in the offseason.


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 Post subject: Re: Unloadable
PostPosted: Mon Nov 10, 2008 1:23 pm 
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Joined: Fri Oct 07, 2005 9:43 am
Posts: 351
Location: Pennsylvania
Wayne Countryman wrote:
Does this mean the team will cut back on its roster? Perhaps have everyday position players also serve as relief pitchers? And as the grounds crew?
Perhaps bench players could sell beer and hot dogs in the stands.
You know -- the direction that papers are taking.


Starting pitchers have no excuse. They must start to earn their keep. Put them to work when they are not pitching.


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