Who's got the inside track to buy Tribune Co.'s Cubs?

Already, there's been much speculation about the future owner of the Chicago Cubs in the post-Tribune Co. era. Mark Cuban? Tom Begel? The Colangelo family?

Now, Fortune Magazine posits that John Canning, the CEO of private-equity firm Madison Dearborn Partners, might be the Cubs' next owner. Beside his immense personal fortune, Canning enjoys one big advantage: he's buddies with Bud: MLB commissioner Bud Selig.

Fortune reports that Tribune has hired J.P. Morgan "to advise on the sale" and estimates that the franchise (as well as the Wrigley Field property and a 25 percent share of Comcast Sportsnet Chicago) could fetch upwards of $1 billion. (Credit to Deadspin for the initial post.)

June 25, 2007 5:55 PM • Native Intelligence • Email the editor
 

© 2003-2014   •  About LA Observed  •  Contact the editor
LA Biz Observed
2:07 PM Sat | The funeral for Mark Lacter will be held Sunday, Nov. 24 at 12 noon at Hillside Memorial Park, 6001 W. Centinela Avenue, Los Angeles 90045. Reception to follow.
Business Guides for Companies – Effective business articles that will improve your business.
Online Tutoring Software

Online Tutoring Software

If you’re looking for an online tutoring software, there are a few different options to choose from. These include Zoom,Workee, TutorBird, and TutorCruncher. These programs can all help you manage … Read More

Management Essay

Management Essay

Management essays help educators evaluate students’ learning abilities and see how they apply knowledge from the curriculum to solve management problems in real-life scenarios. To complete this task, you must … Read More

Jenny Burman
Before I lived in Echo Park, there was a tiny 1920s bungalow-cottage-standalone house on N. Occidental in Silver Lake. I...
Here in Malibu
I don't know why it's taking me so long to choose the new platform for this blog. Well, that's not...