Friday, March 16, 2007
"Likely"
The Wall Street Journal had the following report on Page B3 today:
"(Tribune Company) is still likely to press ahead with the so-called self-help restrucutring, which likely will involve taking on debt to pay a dividend to shareholders, spinning off its TV station gropu and selling the Chicago Cubs baseball team, said (people familiar to the matter)."
When blind-quoted insiders are calling this "likely," it's nearly a done deal.
The money here is that the Cubs are under new ownership before December 31, 2007.
// posted by Chuck @ 3/16/2007 01:44:00 PM 
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