Trouble Deepens

Today was the day that the Tribune Company held their annual shareholder's meeting. In order to save $200,000, the Trib held the meeting "in a converted TV studio inside Tribune Tower." They need to save $200,000? I winder what Trib brass now thinks of Glendon Rusch's contract!

Well, at the meeting, Trib CEO Dennis FitzSimons acknowledged the company's weak stock price makes asset sales the least of the Trib's problems. The company is now potentially vulnerable to a hostile takeover bid.

Granted, with the McCormick Foundation in control of over 35% of the stock, a takeover is unlikely. But a major push to grow revenues, lower debt and increase the stock price is clearly the company's focus for the foreseeable future.

It's hard to see how a $200 million, flat revenue (read: minimal growth) business like the Cubs fits with those goals.

The stars continue to align.