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Chicago Cubs Baseball Team

October 1, 2008 | Dylan Hernandez, Times Staff Writer
CHICAGO -- Rafael Furcal made it back. Furcal will be starting at shortstop and batting first when the Dodgers open their National League division series against the Chicago Cubs today at Wrigley Field, Manager Joe Torre said. Behind Furcal, in order, will be catcher Russell Martin, left fielder Manny Ramirez, right fielder Andre Ethier, first baseman James Loney, center fielder Matt Kemp, second baseman Blake DeWitt, third baseman Casey Blake and starter Derek Lowe.
August 14, 2008 | From Times Wire Services
Tribune Co., publisher of the Los Angeles Times, reported a second-quarter net loss of $4.53 billion after writing down the value of its publications. The loss compared with a profit of $36.3 million a year earlier and included a $3.83-billion expense to reflect the falling value of its newspapers, the Chicago-based company said. Sales fell 5.7% to $1.11 billion. Newspaper advertising sales tumbled 15%, Tribune said. The worsening advertising slump has made it harder for investor Sam Zell, who took Tribune private in December, to manage $12.5 billion in debt after the buyout.
July 25, 2008 | From the Associated Press
NEW YORK -- Tribune Co. is inviting at least three potential buyers who submitted bids for the Chicago Cubs and Wrigley Field near or above $1 billion to participate in a second round of proposals, according to a person involved in the process.
July 4, 2008 | From Times Wire Services
Tribune Co. signed a $300- million asset-backed commercial paper credit agreement with Barclays Bank, using $225 million to repay a term loan. The deal allows Tribune, the newspaper publisher taken private in December by real estate billionaire Sam Zell, to borrow against receivables, the Chicago-based company said. The loan gives Zell breathing room to find buyers for assets to reduce $13 billion in debt. Tribune is selling the Chicago Cubs baseball team and exploring options for the buildings housing its two biggest newspapers, the Los Angeles Times and Chicago Tribune.
June 26, 2008 | Thomas S. Mulligan and Roger Vincent, Times Staff Writers
Cash-strapped Tribune Co. is considering putting two of its signature properties -- the Los Angeles Times' main office downtown and Tribune Tower in Chicago -- on the block. Tribune Chief Executive Sam Zell told employees in an e-mail Wednesday that the company had contacted "several of the country's leading real estate firms" about the Times property and Tribune Tower, the company's 40-story headquarters in Chicago. "Both Tribune Tower and Times Mirror Square are iconic structures," Zell said.
April 26, 2008 | Thomas S. Mulligan, Times Staff Writer
Bidding for Tribune Co.'s Long Island newspaper, Newsday, got livelier Friday as New York Daily News owner Mortimer Zuckerman matched a $580-million bid by media tycoon Rupert Murdoch, according to a person familiar with the situation. The bids are structured differently, but both would provide Tribune with well over $500 million in immediate cash without triggering a large capital-gains tax, the person said. The Chicago media conglomerate needs the cash to knock down debt incurred in its $8.2-billion buyout in December.
December 21, 2007 | Bill Shaikin, Times Staff Writer
On his first day in charge of Tribune Co., Sam Zell set an ambitious goal: Sell the Chicago Cubs by opening day. The Cubs, one of baseball's most storied yet least successful clubs, are expected to command a record sale price for a major league team. If Tribune were to package the team with venerable Wrigley Field and the Cubs' stake in Chicago's cable sports channel, the price could exceed $1 billion, two sports finance experts said Thursday.
October 3, 2007 | Dylan Hernandez, Times Staff Writer
PHOENIX -- Here, the youth movement worked. Three rookies and a second-year shortstop will be in the lineup for the Arizona Diamondbacks at Chase Field tonight when they open their National League division series against the Chicago Cubs. A 20-year-old right fielder and a third-year first baseman also probably will be on the field in the next few days. Whereas the Dodgers are turning their team over to their future nucleus in phases, the Diamondbacks did so abruptly.
September 24, 2007 | From Times Wire Reports
His parents say he can go by his middle name, Alexander, when he's old enough to decide, but for now the newborn will be known by his first name: Wrigley. And his last name: Fields. His parents are Paul and Teri Fields of Michigan City, Ind. They are, as one might suspect, fans of the Chicago Cubs, the team that has played at Wrigley Field since 1916. A Cubs spokeswoman said the team had no record of other children named Wrigley.
September 15, 2007 | Michael A. Hiltzik and Bill Shaikin, Times Staff Writers
With Major League Baseball entering the final two weeks of the regular season, the bidding for the Chicago Cubs is about to move into the hardball stage. Tribune Co. announced in May that it would sell the marquee franchise after the current season as part of its privatization deal with Chicago real estate mogul Sam Zell.
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