By Jim McCarthy Dec 8, 2008 0 comments

Tribune Files for Bankruptcy, Cubs Not Their Problem

Although not an entertainment organization, the Tribune Company (owners of the LA Times, Chicago Tribune, and the Chicago Cubs among other things) filed for bankruptcy today.

Wanna bet if you looked closer at the financials, the Cubs wouldn’t be part of the problem?

In fact, the Cubbies onsale is seen as perhaps the biggest ticketing event anywhere because of the sheer speed and volume of sales.  I think I read that they sold almost 600,000 in their first day last year.

This is a great moment to ask:  if you were investing in the live baseball part of Tribune and that only, wouldn’t you feel better about your money today?

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