Time Is Short

There have been few recent developments in the "Cubs For Sale" story that has become the hallmark of this blog. That's changed:

Tribune Co. has started to shop around its premier television stations in its three biggest broadcast markets, including Chicago’s WGN-TV/Channel 9, according to a published report.

Investment bankers are reportedly seeking bidders for WGN in Chicago, KTLA-TV in Los Angeles and WPIX-TV in New York, according to a Friday report in the Los Angeles Times.

Once WGN TV is sold, the Cubs go next. There would be no rational reason for keeping the Cubs. They would be a non-core asset that would only provide about 7% of WGN Radio's airtime.

Looking more and more like the Cubs will have new owners by this time next year. New owners could be announced as soon as Spring Training and a sale could close by the end of the season.