Monday, October 24, 2005

Are the Tribsters selling the Cubs?

According to today's Crain's Chicago Business the Tribune Company might be considering the unthinkable, selling the Cubs. The timing of this is very interesting. Tribune shares have fallen 27% this year. CEO Dennis FitzSimons is looking to improve shareholder value without breaking up the core holdings in print and broadcast media.

I have long thought that the lack of a face for the Cub organization has hurt this franchise. I hope the Tribsters sell the team to an SOB with an extremely large ego. The ego of a single owner encourages winning a lot more than the shareholders looking at financial statements.

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