Would that happen quietly? I genuinely don't know the answer, not trying to be sarcastic or anything. Depends on whether the Cubs thought they could drive up the price with a bidding war or not. Or how much either party wanted to keep it a secret. My feeling is any Cubs sale would be somewhat of a surprise when it happens. I don't think you'd see it negotiated in the press for months on end. Corporations are very good at keeping deals quiet if they want to. And it's a lot easier to sell off an entity within a corporation than to sell the entire business, which would require shareholder votes. As I said in the original post on this during the winter, Tribune is probably not the entity who is going to decide to sell the Cubs. A financial buyer will come in and sell off the pieces to strategic buyers. I.e., the TV stations would be sold to a larger TV operater, the newspapers to a media publisher, in order to get premium prices. There will be no "Tribune Corporation" as we now know it. Lefty, I missed that original post during the winter. What's going on at Trib Co that would result in such a mass liquidation? TRB has rallied about 15% since the beginning of April. Someone on Wall St must have liked the stock buyback plan -- in fact Goldman Sachs upgraded the stock just this morning. Here's a pretty good articleabout it. Google News the word "tribune" and you'll find all kinds of articles about the Tribune possibly spinning of it's broadcasting division. Lots of change gonna be happening there. Thanks for that link Banedon -- the stock buyback plan, yes. I was wondering if there was something else b/c Lefty painted a bankruptcy scenario in his post. The buyback involved the strategic sale of assets like WATL, and it did have the intended effect of boosting the stock price, but it's really a doomsday scenario (bankruptcy) that would result in the Cubs being put up for general sale. What's much more likely to me (and I freely admit I'm speculating - I have no inside info) is that the Trib Co is bought in a year or two, after its recent market outperformance streak has petered out, and that the buyer will be another mass-media conglomerate (Viacom maybe?). The Cubs would be the crowning, sentimental jewel of that purchase.