Real estate mogul takes over Tribune Co., plans to sell Cubbies
Real estate mogul Sam Zell has succeeded in his bid to take control of newspaper publisher Tribune Co.Man.... this is sure to cause wringing of hands in Cubville. What sort of cravenly commercial fools might end up running the sainted Cubs??
Zell agreed to take Tribune private in a deal that values the company at $13 billion, or $34 a share.
Tribune also announced it would sell the Chicago Cubs baseball team after the 2007 baseball season ends in a move to relieve some of its debt.
Of course, the title record couldn't get much worse... but it could nonetheless. And what if the new owners try to tinker with things ... or even move out of Wrigley Field? Scary stuff indeed.
I know! I got a few hundred bucks. Why don't you pitch in a little and we can buy the Cubs. They'll be holding the World Series trophy inside of 5 years! All we need is a few million more people to pitch in a few hundred clams and it'll be a done deal!
And as to the Trib.... well, that too will likely never be the same, as the new owner will likely try all sorts of wacky things to transition to focusing more heavily on online ventures. Another of the rapidly dwindling number of major dailies may be changed forever. Yikes.