Unlovable Loser Sells Lovable Losers
The bankrupt Tribune Co. has finally reached a deal to sell the Chicago Cubs, reportedly for close to $900 million. Only, ah, $11 billion more until Sam Zell has that debt knocked out! [Pic: AP]
Network News Declines, TLC's Big Night, MySpace Cuts
• The bleak outlook for network news is getting bleaker: Both the CBS Evening News and ABC's World News suffered all-time ratings lows last week. [HuffPo]
• CBS chief Les Moonves's compensation was slashed by 76 percent last year. He still earned $13.6 million, though, so don't feel too bad for him. [Crain's]
•…
Newspaper Companies Selling Everything Not Nailed Down
The New York Times Co. is selling its building! The Tribune Co. is selling its baseball team! Anything else you would like to buy from a newspaper company? Just make them an offer!
Mouthy Mark Cuban Charged With Insider Trading
Tech billionaire, anger-driven blogger, and owner of the Dallas Mavericks Mark Cuban has just been charged with insider trading by the SEC. The (civil, not criminal) charges center on an incident in 2004 in which Cuban allegedly got early insider information about a company he had an ownership stake in, and used that…
Mark Cuban still in the running to buy the Cubs with Yahoo's money
Mark Cuban, the boisterous fellow who sold Broadcast.com to Yahoo for $5.7 billion in 1998 and later bought the NBA's Dallas Mavericks, now wants to own the Chicago Cubs. He's submitted a bid which the the Chicago Tribune reports has made it through a first round of eliminations. Don't get your hopes up, Mark:…
