Entries tagged "Zell"
Earlier Dealscape noted Illinois Governor Rod Blagojevich and his Chief of Staff John Harris may have meddled in Tribune Co.'s auction of the Chicago Cubs and Wrigley Field. However, also buried in the Department of Justice's charges against him is an alleged attempt to corrupt anti-deal activists, the Service Employees International Union, which during the height of the private equity boom protested leveraged buyouts, and the affiliated Change to Win movement, which takes activist shareholder positions on behalf of union pensions. ...
A day after Sam Zell's Tribune Co. filed for Chapter 11 bankruptcy protection, the Federal Bureau of Investigation arrested Illinois Governor Rod Blagojevich and Chief of Staff John Harris on charges of corruption, alleging that, among other transgressions, they meddled with Tribune's troubled businesses, including the auction of the Chicago Cubs....
The Chicago Tribune reported on Tuesday that revised bids, including financing details for Major League Baseball's Chicago Cubs, are due before Thanksgiving. However, if the potential buyers are unable to secure financing in a period where bankers have been very picky about lending, the once highly anticipated auction will turn into anything but a holiday feast....
Tribune Co. chairman and CEO Samuel Zell said Thursday that the offering memorandum for the Chicago Cubs should go out to potential buyers next week and elicit preliminary bids for the National League team 30 days after that. ...
If Cablevision Systems Corp. snags Sam Zell's Long Island, N.Y., newspaper Newsday from other interested media companies, the transaction would raise the ire of consumer groups but regulators in Washington won't have much to say. ...
With Microsoft Corp. rescinding its unsolicited offer for Yahoo! Inc., attention turns to the possibility of Yahoo! striking a deal elsewhere. One merger partner bantered about is News Corp. True, Rupert Murdoch's media empire is busy coveting Tribune's Long Island Newsday, another front in his long campaign to supplant the New York Times Co. and make the New York Post profitable. That having been said, News Corp. could face serious regulatory problems with Newsday and might -- instead -- be looking to add to its online operations, now dominated by MySpace. So what's a media mogul to do?...
