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Business Sam Zell

  • The U.S. is likely to have gone into a recession in the last couple of weeks, said Sam Zell, chairman of Equity Group Investments, on CNBC.

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    I had a conversation with a high-profile owner and asked him what his greatest concern in these tough economic times was. He told me exactly what I thought I'd hear. With the lack of liquidity in the market, he said, how hard is it going to be to sell a team for the so-called appraised value?

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    Real estate executive Hersch Klaff and media investor Leo Hindery are among the five groups Tribune approved to continue bidding on the Chicago Cubs baseball team, sources briefed on the matter said.

  • Wrigley Field

    The first bids for the storied Chicago Cubs baseball team and related assets are due by the close of business Friday in an auction that could fetch more than $1 billion, according to a source close to the process.

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    Warren Buffett is scheduled to throw out the ceremonial first pitch at tonight's (Wednesday's) Kansas City Royals game.   Hometown fans may be hoping some of Buffett's success as an investor will rub off on the Royals, who haven't been having much success on the field.

  • Cablevision Systems has made a $650 million bid for Tribune's Newsday newspaper, topping rival offers from media titans Rupert Murdoch and Mortimer Zuckerman, a source briefed on the matter said Friday.

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    In the altered calculus of green economics, what used to be garbage is now a valuable fuel, which can be used – or really, reused - to generate electricity.

  • The chairman of the U.S. Federal Communications Commission said Wednesday he wants to grant media group Tribune a temporary exemption from U.S. media ownership rules, removing an obstacle to an $8.2 billion leveraged buyout of the company.

  • Tribune shareholders on Tuesday approved a proposed $8.2 billion buyout of the newspaper publisher and broadcaster by real estate tycoon Sam Zell.

  • Chicago Cubs pitcher Carlos Zambrano.

    The Chicago Cubs and Carlos Zambrano finally have a deal. The ace right-hander agreed Friday to a five-year, $91.5 million contract extension to stay with the only team he's been with his entire career.

  • The New York Times may be the paper of record, it might have earned the title 'Gray Lady,' but it cannot escape the changing times. I'm not talking about the fact that that print publications across the board are suffering ad revenue declines and subscription dips.

  • Wrigley Field in Chicago.

    The Chicago Cubs franchise, being sold by media group Tribune, has attracted credible interest from about 15 parties, and a deal for the baseball team and other assets is expected to top $1 billion, according to a source familiar with the situation.

  • Wrigley Field in Chicago.

    A who's who of deep-pocketed buyers is expected to vie for the Cubs and possibly for Wrigley Field, the beloved home of the perennial losers.

  • Jon Najarian

    Two Los Angeles billionaires could launch a counterbid for Tribune  after the publisher and broadcaster spurned their earlier offer in favor of a rival bid from Chicago real estate entrepreneur Sam Zell, a source familiar with the matter said on Tuesday.

  • As one who monitors breaking news for a living, I naturally look for “the good stuff” -- i.e., the heart of the story -- in the first sentence or paragraph of each story that comes to us via the wire services, or from a company press release. Yet you’d be surprised how often that’s not the case...

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    Tribune Co. has accepted a buyout offer from real estate investor Sam Zell in a deal valued at about $8.2 billion, the media company said.

  • Chicago real estate magnate Sam Zell has won the bidding for Tribune Co. , the Wall Street Journal reported on Monday, citing a person familiar with the matter.

  • Billionaire investor Sam Zell said Tuesday he remains in talks with Tribune, and his proposal to acquire the media conglomerate is still on the table.