Baseball Primer Newsblog
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Sunday, October 18, 2009
Wrigleyfield Golden Goose and Friends.
Beyond the 5 percent ownership stake Tribune Co. will maintain for tax purposes, the company will still glean profits off the Cubs with long-term broadcast deals for WGN-TV and radio. The parent company had the foresight to lock in for many years to come. Any Ricketts-conceived Cubs Network, in the style of team-run broadcast operations of the Yankees and Red Sox, will have to wait further into the 21st Century to come to fruition as a result.
The WGN connection is what hooked Tribune Co. into its 28-year ownership in the first place — and made them a de facto co-owner or partner of the Wrigley family for 33 years prior to 1981.
A lot of fans and more than a few sports-media types (including at least one Chicago baseball beat writer) seem to abhor baseball history, so tune out right now if you can’t stomach it here. To understand how the Cubs came to be in their present situation of c0ntinually reaching for the Holy Grail of a World Series, the Tribune-WGN-Cubs relationship has to be put in the forefront.
for his generous support.
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