Well, here we go. Apparently they will become majority owners if the offer is accepted.
I have absolutely no idea what will happen to the Cubs if this deal happens.
"CHICAGO (AP) -- Tribune Co.'s largest shareholder offered to buy the struggling media conglomerate and spin off its broadcast division in a deal valued at $7.6 billion.
The bid by the Chandler family, which owns 20 percent of Tribune stock, was disclosed Thursday morning in a filing with the Securities and Exchange Commission."