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Home » Blogs » diana's blog

Chicago Cubs for sale ?

October 25, 2005 by diana

Now I really doubt that the Tribune Company will ever sell the Cubs.

But since this article discusses the possibility, I thought I'd share the link with my Cub fan friends here.

Tribune Co. taking hard look at holdings
Oct. 24, 2005
Crain's Chicago Business
By Jeremy Mullman

Tribune Co. CEO Dennis J. FitzSimons is considering selling assets to prop up his company's shares, and that's got some wondering if the Chicago Cubs could go on the block.

http://www.chicagobusiness.com/cgi-bin/n...

I didn't know that the Tribune owned part of the Food network. According to this they also own 22% of the WB network. I wish they'd buy the G4 channel and turn it back into a family friendly Tech channel with shows like Call for Help, the Screensavers and the Money Machine.

More Cubs related articles from Crain's Chicago Business here:

http://www.chicagobusiness.com/cgi-bin/r...

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Speculating

October 26, 2005 by cubsnet, 4 years 20 weeks ago
Comment id: 751

Most of the article is just speculation. I doubt that the Tribune will sell the Cubs.

Yeah, I doubt it too. It's a

October 27, 2005 by Marc Velazquez, 4 years 20 weeks ago
Comment id: 753

Yeah, I doubt it too. It's a big cash cow for now (thanks Dusty!), and there's a certain amount of prestige in the board room when you own a major league professional team, with the NFL being the ultimate of course.

I love the careerbuilder.com commercials with the monkeys. Absolutely fabulous!

[there should be sarcasm tags around the above parenthetical statement]

NFA grad set to buy Cubs' ... team

January 18, 2006 by diana, 4 years 8 weeks ago
Comment id: 999

January 18, 2006

NFA grad set to buy Cubs' Double-A team

By Michael Levensohn
Times Herald-Record

Seth Bernstein figures to celebrate his 30th birthday in style - watching his very own professional baseball team.

Bernstein, a Newburgh native and president of Stromberg, a subsidiary of Paychex Inc., is finalizing a deal to purchase the West Tennessee Diamond Jaxx, the Double-A affiliate of the Chicago Cubs, for about $13 million.

Read entire article at:
http://www.recordonline.com/archive/2006...

PS: Made ya look!

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Tribune Co. CEO reiterates that `Cubs are not for sale'

April 11, 2006 by diana, 3 years 48 weeks ago
Comment id: 1178

Tribune Co. CEO reiterates that `Cubs are not for sale'

By Paul Sullivan
Tribune staff reporter
Published April 8, 2006

"The Cubs are not for sale," FitzSimons said during an interview with WGN-AM. "People will say the Cubs are a non-strategic asset, and that's just not the case.

Read entire article at:
http://www.chicagotribune.com/sports/bas...

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Tribune Profit Falls on TV Station Sales

July 18, 2006 by diana, 3 years 34 weeks ago
Comment id: 1449

July 13, 2006, 3:18PM
Tribune Profit Falls on TV Station Sales

By DAVE CARPENTER AP Business Writer
© 2006 The Associated Press


FitzSimons said attendance at home games of the Chicago Cubs is running at 99 percent. But he voiced displeasure with the company's baseball team, referring to its "unacceptable on-field performance." The Cubs have the third-worst record in the majors despite one of the highest payrolls.

http://www.chron.com/disp/story.mpl/ap/f...

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St Louis Cardinals vs. Chicago Cubs team value (in dollars)

April 28, 2007 by diana, 2 years 46 weeks ago
Comment id: 2510

St Louis Cardinals
Team Value1 $429 mil (#7)
http://www.forbes.com/lists/2006/33/333240.html

Chicago Cubs (#5)
Team Value 1 $592 mil
http://www.forbes.com/lists/2007/33/07mlb_Chicago-Cubs_335092.html

Source:

The Business Of Baseball / forbes.com
Kurt Badenhausen, Michael K. Ozanian and Christina Settimi 04.19.07, 6:00 PM ET
http://www.forbes.com/2007/04/19/business-baseball-valuations-07mlb-cz_kb_0419baseball_land.html

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